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Antigua & Barbuda Welcomes Crypto-Currencies As Payment Method for its Citizenship by Investment Program

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Date Published: August 25, 2018 | Date Updated: August 17th, 2020
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By August 25, 2018 August 17th, 2020 No Comments

Antigua and Barbuda’s Parliament has modified the Citizenship by Investment Act to welcome crypto-currencies, as well as euros, to be used as a payment method for its Citizenship by Investment Program. Prime Minister Gaston Browne made the announcement and expected the move to open new markets and attract applications from potential crypto-millionaires.

“So not only we are providing the capacity for payment in Euros, but we are also providing for payments using bitcoin and other cryptocurrencies,” said Prime Minister Browne, as he acknowledged the importance to be careful in handling crypto-payments.

He also stated the policy change was needed, because “moving money is important and if you cannot move money you cannot receive it. So, it is quintessential that we have a payment mechanism that could facilitate payments in cryptocurrencies.”

Prime Minister Gaston Browne made the announcement and expected the move to open new markets and attract applications from potential crypto-millionaires.

Not allowing that method of payment, Browne argued, could exclude people from the program who want to pay using this method.

“And the truth is too, it expands your market because we have a number of crypto-currency investors who may be quite willing to take up our citizenship but would only pay in cryptocurrencies”, he told parliament. “If you do not accept the cryptocurrency then you would be literally locked out of that market”, he added.

Browne said, to attenuate the risk with volatile crypto-currencies, any funds received as this payment method would be converted to US dollars every day. On the other hand, a related amendment to the CIP regulations will allow the Citizenship by Investment Unit to open offshore accounts for receiving payments.

Related Article: Pakistan & Turkey to Sign a Dual Citizenship Agreement

 

“What we are trying to do is to give them the option of establishing accounts with offshore banks including Global Bank and Commerce and others, so they have the option of having a bank that is willing to accommodate their transaction”, he explained.

Antigua and Barbuda Citizenship by Investment Program provides the opportunity to obtain Antigua & Barbuda passport and gain all benefits enjoyed by its citizens, including visa-free and visa-on-arrival travel to 145+ countries including Schengen States, UK, Switzerland, Hong Kong and most British Commonwealth nations.

Antigua & Barbuda has no taxes on worldwide income, capital gains, dividends, gift, wealth and inheritance.

All these advantages have positioned Antigua & Barbuda CBI program as one of the most desired in the market, with thousands of applications received each year.

 

How to Apply

The process is fast-tracked, meaning the passport is granted after 4-6 months of applying, and the minimum amount to invest is USD 100,000 plus legal and professional fees for a family of 4 members.

A Limited Time Offer is available under certain conditions; an investment of USD 200,000 can also qualify applicants and their families under the real estate option. By booking a FREE CONSULTATION with our team of experts, you can learn about all the benefits of the program and check your eligibility. As a Government-Approved agent, Savory & Partners has accompanied and assisted hundreds of families across the Middle East in securing their Antigua & Barbuda Citizenship and Passport.

Savory & Partners welcomes the amendment to the Citizenship by Investment Act announced by Prime Minister Gaston Browne and encourages crypto-millionaire investors to obtain Antigua & Barbuda Citizenship and Passport and become citizens from one of the most beautiful Caribbean islands.

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Jeremy Savory

About Jeremy Savory

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.

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