Antigua and Barbuda’s Citizenship by Investment Program (CIP) continues to attract applicants from around the world, providing an opportunity for high-net-worth individuals to obtain a second passport in exchange for investment in the country’s economy. The latest data on citizenship applications from January 1, 2024, to June 30, 2024, as well as historical records up to June 2024, offer valuable insights into the demographics and trends of the program.
Global Demand for Antigua and Barbuda Citizenship
The data reveals that from January to June 2024, a total of 739 applications were received. This figure highlights the sustained popularity of the program among investors and expatriates seeking global mobility, tax benefits, and a stable political environment.
Since the program's inception, More than 5,203 applications have been recorded, with key countries contributing significantly to this number.
Top Countries Applying for Citizenship
The highest number of applications for the first half of 2024 came from the following countries:
- China – 90 applications (12.18%)
- United States – 81 applications (10.96%)
- Nigeria – 67 applications (9.07%)
- Lebanon – 50 applications (6.77%)
- Turkey – 44 applications (5.95%)
- Pakistan – 32 applications (4.33%)
- United Kingdom – 25 applications (3.38%)
- Iraq – 22 applications (2.98%)
- Egypt – 19 applications (2.57%)
- Ukraine – 19 applications (2.57%)
Historical Trends and Cumulative Applications
Since the inception of the program, China remains the dominant contributor with 1,117 applications (21.47%), followed by Nigeria with 496 applications (9.53%), and the United States with 347 applications (6.67%). Other major contributors include Lebanon (342 applications), Russia (222 applications), and Syria (208 applications). The significant number of applications from these countries underscores the strategic importance of Antigua and Barbuda’s citizenship program for individuals seeking alternative residency options.
Why Antigua and Barbuda?
The continued success of the Citizenship by Investment Programme can be attributed to several factors:
- Attractive investment options: Investors can contribute to the National Development Fund, invest in real estate, or establish a business.
- Family-friendly: The program allows for the inclusion of dependents, making it an attractive option for families.
- Tax benefits: Antigua and Barbuda imposes no personal income tax whatsoever, including capital gains or inheritance tax, making it a preferred destination for global investors.
The Antigua and Barbuda Citizenship by Investment Programme continues to be one of the most sought-after programs globally, remaining a strong pillar in a high net worth individual’s personal freedom, well being, tax planning, and more. With a steady influx of applicants, the program is set to remain the nation’s top economic development priority. As geopolitical and economic factors continue to evolve, the demand for second citizenships is expected to remain robust, further cementing Antigua and Barbuda’s position as a leading destination for investment migration.
