4 Reasons Why You Should Invest in Antigua and Barbuda Real Estate Now
One of the best ways to grow your real estate portfolio is to buy property overseas. Many business analysts even say that investing in international real estate is the most reliable strategy for investors to build up a fortune in the coming years.
But with hundreds of countries to choose from, you may find the whole process of selecting a country to buy a property in overwhelming. However, you can effectively narrow down your options by setting your sights on the Caribbean.
Buying a Property in Antigua and Barbuda
As one of the most beautiful and popular countries in the Caribbean, purchasing a property in Antigua and Barbuda through the Citizenship by Investment in the Caribbean program is one of the smartest moves you can make if you want to expand your real estate portfolio internationally.
Why? Here are the top reasons:
1. It is an effective wealth diversification strategy
If your main reason for buying a property overseas is to diversify your investments, you won’t go wrong with investing in a property in Antigua and Barbuda.
At present, Antigua and Barbuda is one of the most popular luxury destinations for tourists from different parts of the world. The arrival of tourists in this Caribbean nation continues to grow every year, with most visitors spending an average of seven days in this country.
Since tourism is the main industry in Antigua and Barbuda, you can diversify and grow your wealth by buying property which you can turn into a holiday home rental.
With more tourists expected to visit this country this year, it is best to start making plans for purchasing a property here now, and going through the necessary steps to turn it into your additional source of income.
2. It will allow you to gain Caribbean citizenship
When you buy a home in Antigua and Barbuda through their Citizenship by Investment program, aside from becoming a property owner, you can become a legal citizen of this country if you make a successful application via a licensed agent.
Under this program, you are permitted to have dual citizenship. You can stay in Antigua and Barbuda for as long as you want. If your application is successful, you will also be issued a passport without the need to denounce your current nationality.
3. It will enable you to have one of the most powerful passports in the world
If your citizenship application is successful, you and your family will enjoy visa-free entry to numerous countries with your Antigua and Barbuda passports. Currently the 27th most powerful passport in the world, with an Antigua and Barbuda passport, you will be able to enter 150 jurisdictions without a visa.
As an entrepreneur or investor, having a widely recognized passport will help you greatly as you visit different parts of the world for business purposes. You will then have an easier time accessing numerous markets to explore and conduct businesses in.
If you have a family, each member will also be eligible for an Antigua and Barbuda passport. They will also be able to enjoy the freedom of mobility you have.
4. It comes with a limited time discount
In 2018, the Antigua and Barbuda Citizenship by Investment program was modified to make it more attractive to foreign investors. This modification came in the form of a “Limited Time Offer” discount which lowered the cost of the country’s real estate investment option.
Although the minimum total investment remained at US $400,000, the change permitted two applicants from “related parties” to make a joint investment. Because of this, each applicant will need to only invest a minimum of US $200,000 to buy a property.
Under the modified rule, a “related party” can be a dependent child under the age of 29 and your dependent parents age 58 and above. Through the joint investment, your partner will be considered a co-owner of the property as well.
This offer, though, expires on the 31st of October 2019. If you want to avail of the lower initial outlay, you need to submit your application for the Antigua and Barbuda Citizenship by Investment program as soon as possible.
If you are ready to try your hand in international real estate investing, pack your bags and head to Antigua and Barbuda. Aside from owning a great property, an additional source of income, and a powerful passport, you will enjoy living in one of the most beautiful and peaceful countries in the world.
AUTHOR BIO
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.
