Antigua and Barbuda
Residency and Citizenship

Mundo analyzes the best citizenship programs for 2024: why choose Antigua

12/6/2023 8:00:00 AM
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Caribbean programs have been among us since 1984 when Saint Kitts and Nevis established the first CBI. Now, these are excellent opportunities to acquire citizenship through faster paths, a solution that's vital in these times when uncertainty is the new rule.

Why choose Antigua, Saint Kitts, or Dominica? What is the best program for the year that's right around the corner? Mundo analyses Caribbean programs in 2023, their prospects for 2024, and the advantages of Caribbean citizenship.

Caribbean programs: overall main characteristics 

The five Caribbean countries to have CBIs are Saint Kitts, Dominica, St. Lucia, Antigua and Barbuda, and Grenada. In general, the advantages of a Caribbean citizenship are similar in all jurisdictions and the scale ends up tilting in the direction of one's particular taste. Nonetheless, today Mundo focuses on Antigua and Barbuda advantages for the upcoming year.

Grenada is known as the island of spices because it produces and exports a large number of such products. The country is known for its spectacular real estate projects, especially a new resort that will stand near the country's most important natural park. It's important to note that not all projects qualify for CBI Caribbean programs, so it's important to get this information in advance. 

Saint Kitts and Nevis is a clear example of what any investor wants to find in the advantages of a Caribbean citizenship. Composed of two islands: Saint Kitts, more modern and developed, and the smaller one, Nevis, an exuberant paradise, the federation brings important advantages to international businesspeople. One of our favorite ones is the Nevis trust which we consider to be the Fort Knox ultimate asset protection structure in the world. Like most Caribbean programs, Saint Kitts offers both a donation and a real estate pathway to citizenship.

Visiting Antigua and Barbuda, Saint Lucia, or Dominica immediately places us in mere paradise. Naturally, this lifestyle is not for everyone but if you like to be in a quiet environment yet close to the major western financial centers, the Caribbean programs are just for you. In this sense, they provide a better advantage than Vanuatu which is a more secluded destination.

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St. Lucia is, from these five countries, the only one that offers a bond investment option. If the reader is new to the CBI subject, it would probably be a good idea to review the essential investments in the Caribbean programs and other CBI alternatives. Traditionally, investments can be made either through government donation or a real estate purchase, the latter being, naturally, more expensive. On the other hand, the former is less costly but doesn't bring any return or a possibility to resell.

Among the many advantages of a Caribbean citizenship, in Saint Lucia, you'll find a third option which is investment in bonds. In our view, this is the perfect way to meet in the middle as this doesn't require as much research and maintenance as real estate while bringing a cashback possibility. It's worth noting that the investment doesn't bring any returns but after five years, the minimum holding period, one can get the complete investment back.

In 2023, Dominica was one of the best Caribbean programs especially because of its flexibility. Having a second citizenship on this island is always a plus as it provides a wider array of opportunities when it comes to business, lifestyle, and travel.

Why Choose Antigua in 2024

Only by visiting Antigua and Barbuda one understands the magic of this country. For next year Mundo recommends a country that has stood as one of the main economic hubs of the region for years. Moreover, the Antigua and Barbuda advantages regarding its CBI just got better when its citizens were granted free-visa access to Canada. Even though subject to certain conditions, like the fact that the benefit applies to those who already had a Canadian or US visa in the la previous ten years, the news is quite exciting. Actually, this was one of the surprises that the CBI world brought for us in 2023.

For the next year, why choose Antigua is still an important question and Mundo is proud to recommend this country, especially for families. Here a family of four can apply with an investment of only $100,000 (fees not included), which means that, if you're willing to compromise on other things (like fewer travel opportunities) you have an excellent chance to enjoy the advantages of a Caribbean citizenship. For a quick comparison, let's take a look at St Kitts and Nevis, which recently increased its thresholds. Now the minimum donation for a family of four is 350,000, while in St Lucia is 150,000, and, in Grenada, it amounts to 200,000 USD. 

Disclaimer: This article is merely informative and does not substitute formal professional advice. The thresholds described here are indicative. For more precise information, book a professional consultation. 

Visiting Antigua and Barbuda and making it your new home

If you're looking for a new place to call home and a fast way to residency or citizenship, Antigua and Barbuda advantages are many, especially if you apply with your family. Caribbean programs are excellent ways to enhance your freedom of movement and widen your business opportunities. For the nomad capitalist, diversification is key, and the second citizenship or residency is an important part of the equation.

Get in touch with your Mundo team for more information on migration investment, banking, corporate structures, trusts and foundations, and other financial services.

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