The Citizenship by Investment Unit (CIU) of Antigua and Barbuda has announced through the official The Citizen magazine that the Cryptocurrency payment option is still in the pipeline and not implemented yet for the citizenship by investment program.
In 2018, the Antigua parliament approved accepting Bitcoin and other cryptocurrencies under the CIP.
THE CITIZEN, the official publication of the Antigua & Barbuda Citizenship by Investment Unit (CIU), is produced by Select Publishing with the full support of Charmaine Quinland-Donovan, CIU’s Chief Executive Officer and the government of Antigua & Barbuda.
Antigua also launched University of West Indies Fund option under CIP for USD 150,000 for family of four or more. This investment option serves as a mechanism to finance the new University of the West Indies Five Islands campus.
CIU has also answered some important questions for applicants under citizenship by investment program.
Why does Antigua & Barbuda have a citizenship by investment program?
The program was introduced to promote economic growth, attract real estate development, increase foreign direct investment to the country, support the development of infrastructure and provide for a sustainable future.
How many visa-free countries can I travel to as a citizen of Antigua & Barbuda?
You can travel to more than 150 countries without requiring a visa, including the EU and Schengen countries, Hong Kong and Singapore.
What is the processing time?
Processing your application should take from 3 to 6 months. Who can apply for citizenship? To apply for the citizenship program in Antigua & Barbuda, you must be at least 18 years of age, be of a good character with no criminal record, and have good health.
Do I need to speak English to apply for citizenship?
You don’t need to speak English to be an applicant.
Who can be included on the application?
Your dependent children under 28 and dependent parents over 58 can be included within the application.
How do you conduct the due diligence and vetting of applicants?
There are no interviews. However, all applicants undergo rigorous screening prior to consideration by the Citizenship by Investment Unit. Complete files will be forwarded to an international, unbiased thirdparty due diligence service provider who will conduct detailed background checks on all applicants before the application is approved.
What happens once my application has been accepted?
A certificate of registration of citizenship will be issued and submitted to the passport office. Your authorized agent/representative will forward your passports and Citizenship Certificate to you.
Do I need to travel to Antigua & Barbuda to complete the process?
The application process can be made from your country of residence. Once your application is successful and you have received your passport, you must travel to Antigua & Barbuda to take your oath or affirmation of allegiance. You are entitled to take up full-time residence in Antigua & Barbuda at any time you wish.
Does Antigua & Barbuda recognize dual citizenship?
There are no restrictions on dual citizenship in Antigua & Barbuda.
For how many years will my passport be valid for?
The passport will be valid for a period of 5 years and is renewable for a period of 10 years thereafter, provided that the requirements are met, which includes spending a minimum of five days in the country during this period after becoming a citizen.
Can I invest with my Bitcoins or other cryptocurrencies?
This is in the pipeline but has not yet been established.
In addition to the citizenship by investment program does Antigua & Barbuda have a tax residency program?
Antigua & Barbuda does not currently offer a tax residency program.