The Caribbean region has been a tourist destination for centuries now. Bestowed with heavenly views, along the coast of the Caribbean Sea with vast spreads of islands with beautiful, golden beaches, it has always been important.
To add to this are the dependencies and proximity to some of the powerful nations, such as the United Kingdom and the United States of America. These islands have also gained the attention of investors in the past couple of decades.
The group of islands have found an innovative way to gain more traffic. They lease out and/or sell citizenship to people from all around the world. By doing this, they are not only increasing the chances of income in the secluded regions but also investing in the future.
There are many firms online which can help you obtain a Caribbean passport of your choice. One of the most popular, however, is the Antigua and Barbuda passport, which has its perks, mentioned below.
Antigua and Barbuda is a sovereign island, headed by the UK under the West Indian banner.
They offer a citizenship by investment program, which is quite popular amongst many classes of people all around the world.
The same is also discussed in the article mentioned below, stating some key differences between this island and the other Caribbean passports:
Firstly, What Is Citizenship By Investment?
Many countries, particularly in the Caribbean region offer people a chance to get new citizenship without renouncing the original one, in exchange for some investment in the new country.
This way, the country generates new ways of income, and the investor gets a new citizenship and passport with the perks. The majority of the islands in the Caribbean have a visa-free entry in at least more than a hundred (100) countries all around the globe, including the UK.
Additionally, they do not charge any tax on international income sources, thus making it a pretty decent deal for investors.
Why Antigua And Barbuda?
Out of the many island countries in the Caribbean, this is one of the most sought-after places. Ever since the citizenship by investment program started for them in 2013, they have only seen a rise in demand.
This is because this island has a good economy with a very potent and booming tourism industry. All these factors, along with the clear blue skies and deep blue seas make it an irresistible choice for investors.
The island nation, just like many other islands, does not charge its citizens any tax on international income. Plus, you would not have to live any more than 5 days in the country during your first five (5) years of citizenship. This means that you are not required to relocate permanently. Isn’t that a great offer?
So What Are The Differences In Passports From Other Caribbean Nations Vs? Antigua And Barbuda?
Practically speaking, there is no great difference in the passports from any Caribbean nation vs. that of Antigua and Barbuda. The only difference would be the accessibility to a few countries along with restrictions to some.
- For instance, in comparison to the passport of Barbados, which has a mobility score of 152, the passport from Antigua and Barbuda seems a little weak, as its mobility score is 147. But this slight difference does not mean that this nation is superior and the others are not. Every place has its significance and almost all these nations in the Caribbean have a score above 100.
- With a passport from Antigua and Barbuda, you can visit 96 countries all around the globe without a prior visa. This would make the holiday and vacation experience so much better. But if you already are invested in a picturesque location, then holidaying to any other place would not make much sense. In comparison to the same Bahamas, you can move into a couple more countries, as it offers hassle and visa-free entry in 98 countries. The same applies to other nations of the Caribbean group, with a few fluctuations seen everywhere.
CARICOM is the term used to depict the Caribbean community. It consists of all fifteen (15) nations; they have come together and joined forces in the late 1900s to tackle various common battles and issues faced by them all.
Moreover, in recent years, five out of the initial fifteen have joined forces to provide common citizenship by investment. These are the islands of Antigua and Barbuda, Dominica, Grenada, Saint Kitts, and Nevis.
With collective citizenship, you can get benefits from every single nation involved in the pact against a minimal fee, which would later be used for the upliftment of the society of these nations.
All these plans have gained immense popularity in the recent decade. People are investing in properties overseas to make sure they do not miss out on comfort and travel trends in the future.
Additionally, a newer addition to the passport collection without disposing of any is a good thing, as many people from countries with bad reputations can escape the bad press easily with these schemes.
Many other countries such as Cyprus and Malta are also following in the footsteps of the Caribbean nations and joining the trend of providing immigration against investments.
This has a lot of potential and can become a full-fledged sector in the coming years. This way, everyone would become a world citizen, thereby reducing the boundaries set by different nations.
With picturesque locations and a booming tourism industry, the Caribbean islands have become the perfect spot for both holidaying and living permanently. Understanding the potential of the same, the various governments of the region were wise enough to start immigration against investment programs.
This money would be used for the upliftment and renovation of society, making the areas a better place to live in. There are not many differences in the various passports issued too, with a few extra perks here and there.