Features of Antigua and Barbuda Property Investment Citizenship

Property in AntiguaAntigua and Barbuda is an independent island nation located in the Eastern Caribbean region. The Islands were discovered by Christopher Columbus in 1493 and subsequently passed into the possession of Great Britain.

The island of Antigua is 14 miles long and 11 miles wide. Its flat terrain is well suited for the cultivation of cotton, ginger or tobacco. However, for 200 years the main crop was considered to be sugar cane. After independence from Britain in 1981, the main branch of the economy has been tourism and related services. Major employers in the country are financial institutions and the government.

Antigua and Barbuda is a constitutional monarchy based on the British parliamentary system of government. The head of state is the British Queen represented by the Governor-General. The government consists of two chambers: the chamber of representatives (17 members), which is chaired by the Prime Minister, and the Senate (17 members). 11 members of the Senate are appointed by the Governor General under the leadership of Prime Minister, four members on the advice of the leader of the opposition, two by choice of the Governor-General. Elections are held every five years, but under certain circumstances can be completed early. Judicial power is vested in the Eastern Caribbean Supreme court and the Privy Council in London. If you want to know more about Antigua and Barbuda citizenship - call International Citizenship Bureau!

The country has 365 beaches with crystal clear water pale turquoise in color. The tropical island of Antigua is one of the most beautiful places in the world. Tourism accounts for about 60% of the country's GDP. Most tourists come from the USA, Canada and Europe.

About the Economics of Antigua and Barbuda

Recently Antigua and Barbuda faced the problem of economic decline, which occurred due to the global financial crisis. In this regard, the government launched a national plan for economic and social transformation and the restructuring of public debt. One of the initiatives to support the national economy was the creation of the governmental program "Citizenship through investments". The company Henley & Partners assisted the government in the development, implementation and international promotion of this program.

The government of Antigua and Barbuda is committed to the further development of the tourism industry and GDP growth. The country is currently implementing a project to expand the airport, which costs about 45 million dollars. In the new terminal there will be 26 stands for registration, 20 points of immigration control and three air bridges. It will also provide an increase in the number of scheduled, Charter and inter-island flights. At the airport of Antigua is already served by direct flights from London, New York, Miami and Toronto.

Residents of Antigua and Barbuda receive a number of tangible benefits, as the country has no taxes on capital gains and inheritance. Income tax is charged at progressive rates up to 25%. Citizens of Antigua and Barbuda shall pay taxes only on income earned within the country.Property in Barbuda

The national currency is the East Caribbean dollar (XCD) exchange rate which is pegged to the U.S. dollar (EC $ 2,7 = US $ 1). Antigua and Barbuda is a member of the United Nations (UN), the Commonwealth of Nations, Caribbean community, Organization of American States (OAS) and other international organizations. Owners of passports of Antigua and Barbuda have the opportunity of visa-free entry in 131 countries, including the UK, Canada and Schengen countries. Citizens of Antigua and Barbuda need a visa to enter the United States, because the country participates in the Visa Waiver Program.

 

Sourece Website: www.icbworldwide.com