Antigua Real Estate: Investing in Paradise
This blog features Issue 18 of The Citizen Magazine, published in December 2023 which covers Antigua real estate. From exploring the booming real estate market on the islands, with its allure for potential homeowners and investors, to shedding light on the critical role sharks play in marine ecosystems, the issue offers rich insights into various aspects of island life. Location, location, location Acquiring a property can be a momentous decision in your life. Whether it is your primary home, a second residence, or an investment property, making the right choice is crucial. Buying in Antigua & Barbuda seems like a no-brainer. This stunning corner of the world offers the perfect setting for your real estate dreams to become a reality. Picture yourself owning a property overlooking a dazzling palm-fringed beach lapped by shimmering turquoise seas. It’s the kind of paradise everyone dreams of. But Antigua’s allure extends far beyond its picturesque beauty – although its 365-picture-perfect beaches, translucent waters, and lush landscape are hard to resist. This captivating island boasts world-class yachting and sailing, high-end restaurants, the UNESCO World Heritage Site of Nelson’s Harbour, and countless other attractions. Luxury real estate developments continue to spring up across the island, offering something for every taste. Not to be outdone, Antigua’s sister island, Barbuda, is also receiving its fair share of developments. This island is a dream come true for beach lovers and was Princess Diana’s favorite escape. Imagine setting foot on one of its incredible, famous pink-sand beaches where your footprints often remain the only ones. Barbuda is also home to extraordinary natural wonders, including the largest Frigate bird sanctuary in the Western Hemisphere. It offers a different but equally attractive way of life to its larger sister. If you have a family and are considering purchasing a property, rest assured that Antigua & Barbuda has you covered. The country has a range of public and private schools, including one that offers the International Baccalaureate, along with a wide range of tertiary education options, including the fourth-landed campus of the University of the West Indies. The country has a good health system, a robust banking and financial sector, reliable telecommunications, a stable government, and a thriving economy. What more could you ask for? Furthermore, with convenient daily direct flights to North America and Europe, the islands offer easy access. Just four hours from New York and eight from London, you can easily meet your business appointments whilst indulging in your island lifestyle. But here’s the real kicker: with purchasing real estate being one of the options in the Citizenship by Investment Programme, not only can you purchase your own piece of paradise by buying one of the high-end luxury villas or apartments on one of the fabulous developments across the islands, but more importantly, you have the opportunity to become a citizen of this remarkable nation with all the freedom-to-travel and other benefits this entails. And with the necessary investment starting at just US$200,000 for a share of a property, you could also be on your way to generating a rental income in no time. Antigua & Barbuda’s CBI programme is in the top five of the 2023 Q1 Henley Passport Index. Citizenship to the islands allows visa-free travel to over 160 jurisdictions, including Hong Kong, Singapore, the UK, and the Schengen area. Sharks: From villains to vital guardians Sharks have long been misunderstood and feared, often portrayed as the villains of the ocean. However, their role in the marine ecosystem is far more complex and crucial than many realize. These apex predators are vital guardians of the seas, maintaining the balance of marine life and contributing to the health of ocean ecosystems. Contrary to their fearsome reputation, sharks are not mindless killers. They play a key role in controlling the population of other marine species, preventing the overpopulation of certain species that could otherwise disrupt the ecological balance. By preying on the sick and weak, sharks help to ensure the genetic health of their prey populations. Sharks also contribute to the health of seagrass beds and coral reefs. By controlling the population of herbivorous fish, sharks prevent overgrazing of seagrass, which is essential for carbon sequestration and as a habitat for other marine life. Similarly, by managing the population of fish that feed on coral, sharks help to maintain the health and diversity of coral reefs. Unfortunately, sharks are facing numerous threats, primarily from human activities. Overfishing, habitat destruction, and the demand for shark fins have led to a significant decline in shark populations worldwide. This decline not only threatens the survival of shark species but also has cascading effects on marine ecosystems. Conservation efforts are crucial to protect these vital guardians of the ocean. Initiatives such as marine protected areas, sustainable fishing practices, and public education about the importance of sharks are essential steps in ensuring their survival. By changing the narrative around sharks from villains to vital guardians, we can foster a greater appreciation for their role in the ocean and support efforts to protect them. As we continue to learn more about these fascinating creatures, it becomes clear that sharks are indispensable to the health of our oceans. Protecting them is not just about preserving a species but about maintaining the intricate balance of marine ecosystems on which we all depend. Reno Wilson: Showcasing versatility, celebrating Antiguan roots Describing Reno Wilson, the word ‘versatile’ immediately springs to mind. Born and bred in Brooklyn, New York, to an Antiguan opera singer mother and a blues pianist father, it was almost inevitable that Reno would become a performer. His first taste of fame came with a role in The Cosby Show, showcasing his comedic timing and leading to appearances in numerous other shows. His more renowned role is arguably as Carl in Mike and Molly with his good friend Billy Gardell and Melissa McCarthy. He has also appeared in Good Girls, the series Fatal Attraction, and in the feature film Bolden as the legendary Louis Armstrong. He shines
- BY Book Antigua Agent
- September 22, 2024 10:24 pm
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Antigua Economic Growth: Driving Prosperity Through Innovation and Sustainability
This blog features Issue 17 of The Citizen from September 2023 which focuses on Antigua Economic Growth. The issue explores how these sectors have contributed to the nation’s development, including insights into the evolving CBI programs, investments in real estate and sustainable infrastructure, and the expansion of the financial services sector. How Antigua & Barbuda Can Stay Ahead in the New Age of Citizenship Citizenship by the investment industry was the product of a globalizing world. It all started in the 1980s when borders were beginning to blur. Capital and people were beginning to fly around the globe, and travel became more possible than ever. Business was truly multinational. ISLAND NATIONS: FLAUNT WHAT YOU’VE GOT What does a wise country with no significant population or natural resources do in a globalized world? The answer is simple: set up itself in the most appealing way possible to promote business. A passport was the key to what people wanted, three things in particular: privacy, visa-free travel, and freedom from excessive hassle. Out of these motivations, many programmes were born. Last of the independent Caribbean states to declare independence from Britain in 1983, St Kitts & Nevis hit the ground running and understood the assignment. It was the perfect moment to capitalize on one of the island economy’s most valuable assets: its citizenship and all the privileges that came with it. Antigua & Barbuda’s programme coupled well with the country’s leadership in the region for logistics, tourism, and transport, and a passport with some unique visa-free destinations such as South Africa. An industry was born. Clients were beginning to get what they wanted without the uncertainties of regular naturalization and the investments of time, money, and energy normally associated with it. Clients wanted to be part of the Commonwealth and go to the UK, and they got it. Clients wanted access to Europe; they got it. And money was pouring into economies that needed it. WHAT HAPPENED NEXT? Remember, new investor citizens didn’t just want to travel – they wanted the gatekeepers of desired institutions to perceive them in a completely different way. Opening a company as a Nigerian citizen? Banking as an Iraqi? Trading in and out of Iran? Easier said than done with certain identities. But the CBI could solve it all – almost. Obviously, nothing that simple ever lasts. CBI experienced its share of hits as time went on. Simplicity often gives way to complexity over time. And requirements only grew deeper as the digital information era began to take hold in the late 2000s. Admittedly, some of it was probably needed – the industry could not manage long-term growth unless it was managed properly. Antigua & Barbuda revamped its due diligence in the latter part of the last decade and joined in Caribbean-wide efforts to upgrade the product landscape. GOAL-POST ALWAYS MOVING, CARROT NEVER COMING? But now, the Tradewinds of Caribbean citizenship by investment programmes are changing. The introduction of US-led ‘6 Principles’ – backed by UK- and EU-based institutions – is changing the conversation towards one of an external locus of control, and I think it’s not for the best. Few would oppose proper due diligence protocols that protect a nation’s integrity and a programme’s reputation. But we all know that something has changed and that it goes far beyond these basic ideas. First, they came for Vanuatu, which many saw as an easy target or perhaps a harbinger of the EU’s rejection of island-based CBI. And now the inevitable has come: rumblings of complete EU visa-free suspension for Caribbean CBIs have changed the field. Anyone having any familiarity with the European Commission knows that this charade has long ceased to have anything to do with due diligence. The EU’s hypocrisy for complaining about well-vetted, wealthy immigrants coming through the ‘backdoor’ means nothing with even the most cursory look at their ignorance of migration crises and illegal immigration, which remain barely addressed. Retaining the core value proposition of CBI itself is existential to the survival of this entire multi-billion-dollar industry. So how can Antigua & Barbuda stay competitive as a citizenship programme? Value client privacy and efficiency One of the foundational value propositions of citizenship by investment is privacy. In a world where everything is trackable and traceable, many people turn to our programmes to get better control of their identity. Privacy does not mean fraud. Privacy does not mean illegality. Privacy does not mean ‘secrecy’. Privacy includes many things – including the right to change or choose your nationality, conceal personal information from prying eyes, and much more. Once you begin to factor in the weight of all the onerous and lengthy requirements for due diligence, the ‘checkbox checked’ personal interviews of questionable utility and several other constantly-evolving definitions of ‘genuine links’ or ‘proper vetting’, the whole notion of privacy begins to degrade, and clients don’t like that. Stop obsessing over Schengen access I’ve written before about this topic and have developed a small bit of niche notoriety with it. But the point here is not whether you or I personally like traveling to Europe. It’s about whether this feature is the most important (or, for some people, the only) reason to market or buy citizenship by investment. True ‘visa-free’ Schengen access itself is, in any case, about to sunset with the introduction of ETIAS, a sort of electronic pre-authorisation not unlike that of Australia’s ETA or America’s ESTA. Remember: true visa-free travel died after COVID-19. If you need to present a pre-authorisation or paperwork at the border, that’s a visa. Regardless, shouldn’t anyone with US$150,000+ to their name who passes extensive due diligence be more than able to obtain a Schengen visa or any visa they want? I have heard many with far less get far further than that. Visa-free Schengen in 2023 isn’t make-or-break for anything – or at least it shouldn’t be. It is not the only reason to get Antiguan citizenship. Do not fall for excessive hassle in KYC policy I think
- BY Book Antigua Agent
- September 22, 2024 9:52 pm
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Investment in Antigua and Barbuda: Real Estate and Beyond
Antigua & Barbuda The Citizen Issue 5, published in July 2019, focuses on the country’s growing appeal as a premier investment, tourism, and luxury destination. The issue focuses on Investment in Antigua and Barbuda, including the booming real estate market driven by the Citizenship by Investment Programme (CIP), the expansion of the cruise tourism sector, and the islands’ environmental leadership through efforts such as eliminating single-use plastics. The real estate market in Antigua & Barbuda is booming, thanks in part to the Citizenship by Investment Programme (CIP), which has attracted global investors. From high-end developments like Waldorf Astoria to projects backed by international celebrities like Robert De Niro, the real estate sector offers a range of opportunities for both investors and luxury property buyers. With real estate investments starting at $200,000, the CIP allows investors to obtain citizenship in Antigua & Barbuda, granting visa-free access to 150 countries, including the UK and Schengen Area nations. Moreover, the market offers strong returns, with some properties yielding 4-6% annually in rental income. Play It Out: Fighting Plastic Pollution A concert on a tropical island under the stars would be attractive enough under any circumstance. But when this is part of a worldwide campaign in conjunction with the United Nations General Assembly (UNGA) and Norway to eradicate plastic from the environment, the stakes get a bit higher. Play It Out: Fighting Plastic Pollution was hosted by Antigua & Barbuda on June 1st at the Sir Vivian Richards Stadium in St. John’s. The concert aimed to raise awareness of the global plastic pollution crisis. With over 20,000 concertgoers and a global live stream audience, the concert not only brought attention to the issue but also placed Antigua & Barbuda on the international stage as a leader in sustainability. Headlined by Grammy Award-winning singer Ashanti, Trinidad & Tobago’s King of Soca, Machel Montano, and other international stars like Cody Simpson and Robin Schulz, the event united performers from all over the world. Local artists such as Ricardo Drue, Claudette Peters, and cricket legend Sir Richie Richardson also participated, contributing to the evening’s environmental advocacy. The concert wasn’t only about the music. The Antigua & Barbuda Declaration, a commitment to eliminate single-use plastics across the Caribbean, was launched, demonstrating the country’s dedication to leading this initiative. The event itself was certified as a “4-leaf event,” the highest environmental score for such events, thanks to its eco-friendly setup. This event showed that Antigua & Barbuda might be small, but its efforts to fight plastic pollution have significant global influence . Antigua & Barbuda Cruise Industry Thriving Antigua & Barbuda’s cruise industry continues to expand, establishing itself as a premier destination in the Caribbean. The country recently welcomed the inaugural visit of the Disney Fantasy cruise ship, bringing over 3,800 passengers to its shores. This marks a milestone in the islands’ ongoing efforts to increase cruise ship arrivals. The partnership with Royal Caribbean further enhances the country’s cruise tourism sector. This 10-year agreement aims to double cruise visits, with passenger volumes expected to reach 500,000 per year within the next five years. Upon completion of the new fifth berth, which is designed to accommodate the world’s largest cruise vessels, including Oasis-class ships that carry around 6,000 passengers, Antigua & Barbuda will be positioned as a leading hub for cruise ship tourism in the region. TUI Cruises and Norwegian Cruise Lines are also increasing their presence. Mein Schiff 2 will make 13 calls in the upcoming season, bringing over 37,000 passengers. Additionally, Norwegian Cruise Lines will reintroduce visits with ships like the Norwegian Epic, and the inaugural visit of the Norwegian Bliss will happen later this year . Island Living: What It Means to Live in Paradise Island living is about more than just beaches and relaxation – it’s about creating a lifestyle where luxury meets simplicity. Antigua & Barbuda offers an ideal environment for those looking to escape the hustle of everyday life while still enjoying the finer things. Whether it’s barefoot luxury, world-class yachting, or exquisite dining by the sea, the islands allow for unparalleled privacy and serenity. While owning a second home here gives a sense of escape, the islands are far from isolated, boasting excellent connectivity to major cities like New York and London. Many visitors find themselves drawn into the tranquil lifestyle, from watching the sunrise to enjoying a nap in a hammock as the waves lap at the shore. For those looking to retreat from the public eye, Antigua & Barbuda offers unmatched privacy, with a local culture that is unfazed by the presence of celebrities and high-net-worth individuals. The islands are a place where peace and luxury blend seamlessly, creating a personal paradise for every homeowner. Ready to dive into the world of luxury living and sustainable investment? Discover all the exciting things Antigua & Barbuda have to offer. Continue reading Issue 6 to learn more, or check out Issue 5 here!
- BY Book Antigua Agent
- September 21, 2024 7:37 pm
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