Understanding the True Advantages of Second Citizenship to Antigua & Barbuda
Financial savviness is a crucial life skill in this unpredictable world. Unfortunately, even the well-to-do tend to restrict their wealth management decisions to traditional solutions such as investing in stocks, saving as much money as they can, and juggling multiple sources of income.
If you are open to unconventional investments because you find common options insufficient for diversifying your wealth and investment portfolio, consider second citizenship if you are from a country that allows it. But, you may be wondering: How can such an expensive program benefit me? Isn’t it too huge an expense to be financially advantageous?
According to a reputable company that offers second citizenship programs to Caribbean countries such as Antigua & Barbuda and St. Kitts & Nevis, the numerous benefits of the program outweigh the upfront cost of the investment. The initial and long-term advantages will allow you to recoup the money you have doled out easily, especially if you become a dual citizen of Antigua & Barbuda.
Top Benefits of Dual Citizenship to Antigua & Barbuda
Antigua & Barbuda is not just a slice of tropical paradise on earth. It is a thriving Commonwealth country poised for more and greater developments. If you would choose to obtain second citizenship in this country, there is no doubt that you have much to gain.
Here are six things you can expect:
1. A true change in your quality of life
It is quite common to get tired of the place you grew up in even if you have been blessed with all the fine things it can offer. Moving to or having an alternative homebase in a different environment often entails making lifestyle changes and improvements.
Every new place has something unique to offer, and Antigua & Barbuda is no exception. One of the most significant changes to the quality of life that expats experience here is better health.
Enjoying ideal weather 90 percent of the time (which brings people outdoors) and having easy access to a large variety of home-grown fruits and vegetables are just two of the reasons why stressed and often isolated urban-dwellers feel happier living in or spending some of their winter months in this beautiful tropical island nation.
2. A reliable life backup plan
Second citizenship in Antigua & Barbuda can serve as a safety net, especially if you take the volatile conditions of the world into consideration. While it is healthy to be optimistic most of the time, it certainly helps to keep the odds in mind and be prepared for anything that could happen.
Although there may not be any threats to the economy and governance in your country of origin, you can have a strong sense of comfort in knowing that you can begin a new life in Antigua should life get chaotic in your home nation.
3. A smart financial strategy
Compared to the second citizenship by investment programs in other Caribbean countries, Antigua’s is the most affordable yet offers equal or better benefits, making it the smartest option.
Also, if you like to control the flow of your money, you can benefit from the tax-free life that you can enjoy in the country should you decide to become a permanent resident and therefore a resident for tax purposes in the future. In 2017, Antigua & Barbuda abolished all personal income taxes for its residents. Permanent residents must be deemed to be physically residing in Antigua for a minimum of 180 days per year; some business travel can count towards that time. There are some excellent accounting firms on the islands such as Grant Thornton who are used to advising international residents on all their responsibilities and taxes.
4. Access to more social services and reasonably priced private schooling
You can also take advantage of the basic health care provisions in the country, as well as the free education for children between the ages of five and 16 years from the well-respected private schools in Antigua which are also quite cost effective when compared to their equivalents in North America or Europe.
Standard education in public schools around the country, for example, follows the British or Canadian educational system, which is reputed worldwide for its high quality. So, if you are looking for a different kind of education and outdoor lifestyle for your kids where they will quickly learn to be confident young people, Antigua is an excellent option.
5. Increased travel opportunities
An Antiguan passport is honored across the globe. You will have no issue being granted entry to most foreign destinations.
This is a significant advantage if you still love exploring the world or you want your business to break into new markets overseas.
6. Impressive ROI
Who knows what could happen to Antigua & Barbuda in the next 10 to 20 years? A small island nation that attracts high-end tourists and part-time residents from different parts of the world often has the makings of a tiger economy. You can bank on this as an acknowledged citizen.
The properties you purchase, the business ventures or new career you wish to launch, and your other investments can reap excellent returns for you in the future.
Obtaining Second Citizenship Is Relatively Straightforward
Apart from the lower price of obtaining a second passport in Antigua & Barbuda, the process is relatively straightforward as well.
There are companies specializing in citizenship by investment program, and they are ready to help in any way possible. Their luxury concierge services present the smartest investment opportunities to guarantee your second passport. In a matter of months, you can be certified as a citizen of Antigua & Barbuda.
Kal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.