US$200 Million Antigua and Barbuda Bonds Were Subscribed

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Gaston Browne, Prime Minister of Antigua and Barbuda, during the presentation of the budget to Parliament, said that the 10-year 4.5 percent instrument registered on Euroclear “is the first and largest bond of its kind issued by Antigua and Barbuda and it has been fully subscribed".

 

Signing such a bond would allow the government to "re-profile its debt, to ensure sustainability going forward, and to invest in strategic projects that will drive economic growth, create employment, and generate increased revenue to finance government operations."

 

Projects include the acquisition and renovation of the Jolly Beach Hotel and the construction of a hotel in Morris Bay.

 

Separately, the Prime Minister mentioned Citizenship by Investment Program (CIP). Antigua and Barbuda received 498 applications in 2021, which is 36% more than the last year, 2020. And the income from the program was EC$123.1 million (US$45.5 million).

 

The money received from the program was used for health care and economic assistance to mitigate the adverse effects of declining government revenues.

 

Since 2013, Antigua and Barbuda has been offering foreign investors the opportunity to invest in the country and, after successfully passing due diligence, obtain citizenship and a passport.

 

The investor can choose from the following investment options:

 

  • Donation to the National Development Fund

  • Acquisition of state-approved real estate

  • Business investment

 

LEARN MORE ABOUT ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT PROGRAM

 

The program attracts investors every year because it offers a number of benefits:

 

  • Extensive visa-free travel to 130+ countries

  • Quick processing 3-4 months

  • Inclusion of dependent children under *28 years, and dependent parents or grandparents over 58 years

  • No interview, education, or managerial experience required

  • Extensive visa-free travel

  • No taxes on international revenue, wealth, or inheritance tax

  • Antigua is the first jurisdiction to formally offer Citizenship by Investment  to Stateless persons

  • CIP investors can resell property to subsequent CIP applicants, whether  in the form of share or unit, passing on the same rights to apply for citizenship

  • No requirement to travel to Antigua and Barbuda during the application process

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Source: jamaicaobserver

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