We live in a connected world, and global travel is an integral part of trade and business today.
Businessmen from several countries, however, face travel restrictions due to the passports they hold, resulting in expensive potential business losses.
With today’s political climate across the world, many wealthy global businessmen are now turning to a Second Passport and European Residency to secure their business’ and families’ futures.
Visa restrictions for many passport holders have also proven to be a major factor for those applying for a Second Passport.
The world’s least powerful passport – Afghanistan – allows visa-free travel to 25 countries, while Indian and Egyptian passports only allow for 51 countries.
This limitation and freedom to travel has driven many wealthy businessmen to seek dual citizenship in 3 months without emigrating from their home country.
A Second Citizenship will introduce new business ventures worldwide and grant families access to state-of-the-art healthcare and education. Dual Citizenship is considered a global insurance policy for high net worth individuals.
Speaking on the various options available, Jeremy Savory, CEO & Founder of Savory & Partners, said: “Globally the number of applications for Citizenship by Investment has more than tripled since 2010. In fact, for the Antigua & Barbuda Citizenship by Investment Program, Egyptian nationals were the 5th largest number of applicants globally and second in the Middle East after Lebanon.”
The Antigua & Barbuda Citizenship by Investment Program is considered as one of the most accessible of the Second Passport programs.
According to immigration consultants Savory & Partners, this program offers visa-free travel to over 132 countries including the UK & Schengen. The firm adds that this is the only Caribbean Second Passport program to offer visa-free travel to Canada.
There are three options available to qualify for the Antigua Citizenship by Investment Program:
· Minimum cash donation of $200,000 to the National Development Fund (NDF) for a family of 4
· a property purchase to the value of $400,000 in a Government Approved Real Estate project;
· and with an investment of $1,500,000 applicants may invest in a government-approved business.
Antigua & Barbuda is one of the few programs to offer a business investment option too.