Most people hope to retire next to the beach – and what is better than a twin-island country, with an all-year-round sunny climate that rarely drops below 28°C? Through the local citizenship by investment program, retiring in Antigua and Barbuda is more than just a dream. Individuals can purchase their ideal retirement property and automatically qualify for citizenship in the country. Antigua and Barbuda also allows for dual citizenship and access to over 165 other countries, which means visiting family will still be easy. This article unpacks more reasons why you should retire in Antigua and Barbuda.
- Antigua and Barbuda offers year-round warm weather, stunning beaches, and a relaxed island lifestyle, making it a perfect retirement destination.
- Retirees can obtain citizenship by investing in real estate, contributing to the National Development Fund, or starting a business.
- The Citizenship by Investment Program allows retirees to secure a second passport, offering visa-free travel to over 165 countries.
- Residents do not have to pay income tax, capital gains tax, or inheritance tax, providing a financially advantageous environment for retirees.
- The country has a well-developed healthcare system with modern facilities and access to essential medications.
- Antigua and Barbuda is known for its political stability, low crime rates in key areas, and strong law enforcement presence.
Why Choose Antigua for Retirement?
There are many reasons to choose Antigua and Barbuda as your retirement destination, including the following benefits:
- Tropical Charm
In addition to its appealing climate year-round, Antigua and Barbuda boasts 365 scenic beaches with crystal-clear waters and lush forests – making it a perfect tropical paradise. The slow lifestyle and friendly communities that are synonymous with island culture also contribute to a peaceful atmosphere.
- Tourism Activities
Antigua and Barbuda’s Ministry of Tourism and Investment has launched several initiatives to boost tourism and infrastructure, including improving airports, roads, hotels, and marinas. This has resulted in a plethora of activities for retirees to enjoy, such as shopping, dining, golfing, sailing, and more. (Every year, the country hosts the Antigua Sailing Week, featuring yacht races and regattas.)
- Retirement Communities
The increasing tourism activities have also resulted in the development of new homes and communities to live and retire in. Among these are retirement-specific communities that provide seniors with tailored medical care, recreational facilities, and social activities.
- Low Cost of Living
Antigua and Barbuda’s cost of living is lower than the other Caribbean islands. This (combined with the favorable taxation terms), makes it a more financially viable option for retirees on a fixed income.
- Easy Integration
Communicating with the locals of Antigua and Barbuda is easy because everyone speaks English. The Judicial System is based on the English Legal system, including the principles and processes of the English common law.
- International Access
Having been tied to their work for sometimes decades, many retirees like to travel the world to see what they might not have had the opportunity to earlier in their lives. An Antigua and Barbuda citizenship gives retirees visa-free access to 165 other countries in the Schengen area (up to 90 days within 180 days), the UK Commonwealth (up to six months), and CARICOM (Caribbean Community). You also get a 10-year B-1/B-2 US visa with your citizenship and can visit the country for up to 180 days a year.
Residency Options for Retirees in Antigua
If you are looking to retire in Antigua and Barbuda through its citizenship by investment program, without having to worry about business, there are two easy options to consider:
- National Development Fund (NDF) Donation
You can make a non-refundable donation of $230,000 or more to support the country’s development or public projects. This is the easiest option to get citizenship, due to the straightforward nature of donations, and because there are no maintenance fees.
- Real Estate Investment
If you are moving to Antigua and Barbuda for retirement, you will have to purchase a property. If you buy a government-approved property for over $300,000, you could qualify for citizenship.
Real estate investment is also an option if you still want to earn an income from your investments while you are on retirement to aid in financing your lifestyle, as properties in Antigua and Barbuda offer high rental returns.
- Business Investment
You can also invest at least $1.5 million in an existing business enterprise or new venture approved by the government and earn interest or dividends on your investment.
All of these investment options lead to residency.
Retiring in Antigua and Barbuda presents a unique opportunity to enjoy a relaxed island lifestyle, a warm climate, and the financial benefits of a tax-friendly jurisdiction. The country’s Citizenship by Investment Program provides a streamlined path to residency, allowing retirees to secure a second passport while investing in a forever home.
With its low cost of living, high quality of life, and welcoming community, Antigua and Barbuda is an ideal destination for those seeking a fulfilling retirement.
FAQ
Yes, foreign retirees can obtain residency in Antigua and Barbuda through the Citizenship by Investment Program (CIP). By investing in real estate, making a donation to the National Development Fund, or investing in a business, retirees can secure citizenship, which grants them the right to live in the country indefinitely.
Yes, Antigua and Barbuda has a reliable public and private healthcare system. The country offers free public healthcare at hospitals and clinics, with well-trained professionals and modern medical facilities. Retirees also have access to private healthcare options, which provide shorter wait times and specialized services.
If you hold Antigua and Barbuda citizenship through investment, you can live in the country permanently. There are no stay restrictions, but to maintain tax residency, you must spend at least 183 days per year in the country.
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