Some information about Antigua and Barbuda
Antigua and Barbuda (in Spanish – “ancient” and “bearded”) is island state in the West Indies, bordering the west by the Caribbean Sea and the east by the Atlantic Ocean. Antigua is the largest, 280 sq km (108 sq mi), and inhabited island. Barbuda, located 48 km (29 mi) north of Antigua, is the second largest island – 161 sq km (62 sq mi).
The small uninhabited island of Redonda only 1.6 sq km (0.6 sq mi), about 40 km (25 mi) west of Antigua is also part of the State Antigua and Barbuda. It has a population of 89 000 and the total length of the coastline is 153 km (95 mi).
Antigua and Barbuda are almost completely surrounded by coral reefs with great underwater world.Reefs are mainly found in nearly pristine condition, and although the depth is small, there are some good sea canyons and wreck sites. Saint John’s is a capital city and located on Antigua.
The only settlement on the island of Barbuda is a town of Codrington. English is the official language of Antigua and Barbuda. The East Caribbean Dollar is islands currency.
About three hundred years, the country’s economy was based on the cultivation of sugar cane. At present tourism and financial field are increasingly growing. The share of agriculture in the state economy tends to decrease. The basis of the economy of Antigua and Barbuda is tourism, giving more than half of GDP. Servicing of foreign tourists brings the country 70-80% of foreign exchange earnings and employs about 70% of the working population. The main resorts are located on the island of Antigua. Three-quarters of the land are owned by the state. In the country grow cotton, sugar cane, vegetables, citrus and other fruits, breed cattle. The production of seafood, fish and lobster, is focused on export on the island of Barbuda, and on Antigua fisheries products go for the domestic market. On the island there are facilities of food processing, oil refining and light industry. Antigua and Barbuda exports petroleum products, clothing, industrial and transportation equipment, paint, furniture, galvanized iron, raw sugar, molasses, cotton, citrus, lobster. Products are exported mainly in European Union countries: Germany, Great Britain and France. On the islands are imported food, industrial wood, oil and chemical products, machinery, transport equipment, light industry products. The main import partners are USA, United Kingdom, Singapore, China, Poland, Trinidad and Tobago. The city of St. John’s is the main port and harbour. Commercial fleet consists of almost 1000 vessels of at least 1,000 gross tons each. Under the flag of Antigua there are also over 900 ships of other countries. The country has three airports, including the international airport, one of the airports situated on the island of Barbuda.
Offshore zone of Antigua and Barbuda is considered a classic in the conduct of international business. The offshore legislation of Antigua and Barbuda is based on English common law. The most appropriate legal form for the registration of an o shore company is an International Business Corporation (IBC), holding companies, companies engaged in import / export of goods, financial and shipping companies. O shore corporations are exempt from submitting financial, audit and tax reporting in Antigua and are exempt from paying taxes for 50 years from the date of registration. Registration of offshore corporations in Antigua are made in accordance with “the Law of international business corporations” 1982 with subsequent amendments. This law prohibits disclosing information obtained in the course of business or in the exercise of professional activities.
Citizenship by Investment Program (CIP) was established by the Government of Antigua and Barbuda in November 2012 and approved by both Houses of Parliament in March 2013. Holders of passports of Antigua and Barbuda have the right to visa-free entry or simplified entrance in more than 130 countries, including all of Western and Eastern Europe, the UK, Canada, Hong Kong and Singapore. Holders of this passport, as well as citizens of other Caribbean countries, need a visa to enter the United States because these countries do not participate in the Visa Waiver program. Under the CIP, the applicant for citizenship must make a significant contribution to the economy of the country. The main applicant must be over eighteen years of age, meet the requirements of the program and to choose one of three investment options: a donation to the National Development Fund (NDF), the purchase of real estate or business investment.
The National Development Fund created to stimulate economic growth, create new jobs, support for small and medium businesses. The Fund helps local entrepreneurs and startups in attracting investments to improve the welfare of the population.
Benefits of Citizenship
• Antigua and Barbuda without limitation recognizes dual citizenship. You can have dual citizenship, without renouncing their native. Alternative citizenship of a peaceful state with a good international reputation is very important in political instability, it can also be used to confidential business activities.
• Antigua and Barbuda is a former British colony, part of British Commonwealth with the British financial and legal system. Your rights and freedoms will be legally protected.
• As a citizen of a member state of the British Commonwealth, you can use preemptive rights in the UK. Your children have the opportunity to study without obtaining a student visa or work in the UK for 2 years without permission to work.
• Passport of Antigua and Barbuda gives the right for a visa in the USA for up to 10 years.
• Any descendants of economic citizens can pass on the citizenship to their children and grandchildren who are entitled to the citizenship by descent, i.e. without any additional investment.