“Taxes and stricter regulation are on the rise in Germany and I need to find a new place to move my business to while paying lower taxes. Our family is ready to make a move to a country that appreciates our wealth and has a more welcoming environment.”
Mrs. Friedrich reached out to us to learn more about acquiring Caribbean citizenship for her family so they could relocate to a tax haven. We went over specifics like how much they wanted to invest, what taxation policies they were looking for, and their willingness to travel.
Why Antigua and Barbuda?
While many Caribbean islands have attractive tax regimes, the Friedrich family wanted somewhere they would enjoy living the most as tax residents. Antigua and Barbuda offers great weather, beautiful beaches, and a community of other like-minded investors from around the world.
Antigua and Barbuda offers citizenship for a relatively modest investment and only requires the family to be present for half of the year to qualify as a tax resident.
Benefits of Antigua and Barbuda Tax Residency
Moving a business to another country is no easy task. The Friedrich family needed a country that offered a low taxation rate and was the friendliest to businesses. One Caribbean country stands out in an attractive taxation policy and also happens to be one of the better islands to live in.
Of all the Caribbean countries that offer citizenship by investment, Antigua and Barbuda has:
- The lowest personal income tax
- The lowest corporate tax
Antigua and Barbuda also has attractive policies similar to other Caribbean countries like no tax on capital gains or investments.
Acquiring Antigua and Barbuda Citizenship
Initial Onboarding and Internal Due Diligence
We at Mirabello Consultancy, initially, ran our internal background checks on the Friedrich family to determine if they would qualify or expect any bumps along the way. With a clean record, we were ready to begin the application process.
Citizenship Application Process
The Friedrich family began sending all required paperwork and documents to be translated, such as birth certificates, marriage certificate, ID Cards, and more, to be reviewed by us to make sure to put together a strong citizenship application. With their application on its way, we proceeded to look for an investment property.
Initial Investment
With the Friedrich family eagerly wanting to proceed with their application submission, they had to next choose which qualifying property they wanted to acquire. With many luxury neighborhoods being built, with our assistance and our strong network on the island, they quickly found a suitable home with a pool and a splendid sea view. The neighborhood was built with foreign investors in mind and the Friedrichs were looking for somewhere they would feel more at home. The property value of USD 320,000 qualified the family for citizenship.
Schedule your free consultation today and secure your future!
Application Submission to the Government of Antigua & Barbuda
Putting together a substantial family citizenship application, with confirmation of a qualifying property deposit of 10%, we submitted the application officially to the Government of Antigua & Barbuda. After receiving the pre approval by the Government, formally called “approval in principle”, received after only 4 months of waiting, the family had to be quick to follow through with their investment within 30 days of approval. The property was fully acquired including all covering all related fees, of which proof of payment was sent to the Government to fully receive approval of the Antiguan Citizenship.
Receiving Passports
With their property acquired, all that was left was to finalize the citizenship process. After processing the final proof of purchase, the Antigua and Barbuda passports were ready for pickup within the month. The Friedrich family now enjoys their new home and Antigua and Barbuda passports.
Maintaining Antigua and Barbuda Citizenship
In order to keep citizenship for lifetime, the Friedrich family must visit Antigua and Barbuda once, within their first five years of being citizens, for five days to renew their passport. We organized a short vacation for them to visit, complete their naturalization process, as well as help them with their long-term move so they can qualify as tax residents.
Making the Most of Their New Citizenship
We love spending fall and winter in Antigua and Barbuda. Our neighborhood has everything we could want, a great community, pristine beaches, and a welcoming environment. With such a friendly living and governmental environment, we can’t believe we didn’t become citizens sooner!