The Government of Antigua & Barbuda announced this week that more than 500 families were successful in their applications to the Antigua & Barbuda citizenship by investment program in 2015.
In no small part due to the citizenship investment programme, Antigua & Barbuda’s economy grew by almost 3.5% in 2015. With a minimum 6% real GDP growth rate predicted for 2016, according to government statistics, the Commonwealth nation is poised to become the fastest growing economy in the western hemisphere.
Prime Minister Gaston Browne stated this week, in an address to immigration and legal professionals visiting the island, that the first 18 months of office has seen his government secure over three billion US dollars of investment including a new resort by Australian investor and philanthropist James Packer and actor Robert De Niro who is a long time vacationer to the island.
Prime Minister Browne reiterated his mantra that “good governance is good business” during his speech at east coast luxury resort Nonsuch Bay, and having successfully championed transparency and integrity for the program, he is proud that Antigua & Barbuda now offers the most popular citizenship investment program in the Caribbean.
This year, the government is keen to attract yet more HNW individuals and families to its pristine shores and has expanded the citizenship investment unit’s staff base to ensure continued efficiencies including the average 90-day processing timeframe for citizenship applications.
Purchasers of hotel villas or private estates at Rendezvous Bay are eligible to apply for citizenship in Anitgua & Barbuda via the real estate route of the program.