Antigua & Barbuda

eBizguides Antigua & Barbuda

             An amazing paradise

Le guiaré a lugares increíbles

The concept of eBizguides
eBizguides aims to provide on-the-ground information about the country economic performance, the main investment opportunities and acute business intelligence research about who are the leaders and influencers of the country and which are the top 100 companies.  All you  need to know about doing business in a country and in a unique publication that also includes a small tourism guide. eBizguides are the world's leading business intelligence guidebooks. Click to read more.
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Economic Stability

Antigua & Barbuda’s economy is one of the most prosperous in the Caribbean region. While its heavy reliance on tourism makes the country vulnerable to downturns in international markets, its highly successful Citizenship by Investment Program, launched in 2013, has been a much welcome source of economic stability, spurring an economic recovery which quickly brought the country back to its pre 2008 levels.

Tourism

Today, Antigua’s economy is different than it was during the 17th and 18th centuries. Rather than relying on agriculture, the island’s main source of employment now comes from the tourism and government-service industries. Currently, tourism accounts for 60% of the country’s GDP and 40% of investment. Indeed, the services sector represents 80% of the economy, while agriculture and industry only account for 2,2% and 17,8% respectively.

INVESTMENT

Like many countries around the world, Antigua & Barbuda’s economy suffered a major setback after the 2008 global economic crisis. With tourism being the main driver of the economy, the government implemented the Citizenship by Investment Program (CIP) as a way to jumpstart the economy, by attracting foreign direct investment (FDI), renewing interest in the real estate market and spurring investment in the general economy. Antigua & Barbuda’s Citizenship by Investment Program (CIP), also known as Economic Citizenship, allows eligible investors and their families to be granted the Antiguan citizenship and passport by making a significant economic contribution to the country. Antigua’s economic citizenship program is among the least expensive in the world, and applications are typically approved in as little as 90 days. To qualify, applicants must be over 18 years of age, submit to a rigorous due diligence process which involves background checks, and select one of the following three investment options:
1. A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$ 200,000.
2. A n investment of at least US$ 400,000 into one of the approved real estate projects and to be held for a minimum period of 5 years.
3. A n investment of a minimum of US$ 1,500,000 directly into an eligible business as a sole investor or a joint investment involving at least two persons totaling at least US$ 5,000,000 and each of those persons individually invests at least US$ 400,000.





Antigua & Barbuda

With 365 beaches—one for each day of the year— the twin island state of Antigua & Barbuda stands out from the rest of the islands in the Caribbean. It is not just because of its privileged location, being the hub of the Eastern Caribbean, but also because of its culture, diversified population and magnificent landscapes. Tourism is the main driver of Antigua & Barbuda’s economy. Nevertheless, over the last couple of years, the new government has and is making plenty of efforts to promote the production of wealth in other sectors of the economy such as energy, real estate, and transport. Considered a high-end luxury destination, investment opportunities in the country are as numerous as they are secure. With the recent abolition of the personal income taxes and its business-friendly environment, the island is now in the limelight of the international community. The Caribbean sea is full of treasures, and the twinisland state is one of them: it’s an emerging economic powerhouse.
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