Launched in 2013, the Antigua CIP is one of the youngest programs of its kind in the Caribbean.
The government adopted the program as a mechanism to promote economic growth, attract developments and increase foreign direct investment. The income from this program is typically used for public and private infrastructure development projects, and is deployed with a view to benefit the citizens of the country.
Prospective applicants have the option to make a non-refundable government donation, priced from $100,000 for a single applicant, or to invest in government approved real estate. In the latter instance, the investment must be maintained for a minimum of 5 years. A key draw card for the program is the fact that the primary applicant as well as their spouse and dependent family members can be issued with passports in as little as 6 months.
For most African investors – frequently hailing from Nigeria, Kenya, Ghana and Tanzania – having a Plan B and enjoying the convenience of visa-free international travel are the key reasons for obtaining second citizenship. An Antiguan passport enables the bearer to spend up to 3 months (90 days) travelling within the European Union countries in any given 6 month (180 days) period.
Additionally, the advantage of visa-free travel (or visa upon arrival agreements) to 149 countries compares really well against the passports of Nigeria (45 countries), Kenya (70 countries) and Ghana (64 countries).