# Remarkable News: Antigua & Barbuda's Citizenship Program Hits Historic High with 205% Growth in Early 2024

Source: https://www.savoryandpartners.com/news/antigua-barbuda-citizenship-program-hits-205-growth-in-2024 · Published: 2024-10-30 · Updated: 2024-10-30

Find out the statistical data on the historic growth of Antigua & Barbuda's Citizenship Program in 2024, along with the approval rate, to secure your second passport.

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Antigua Barbuda Citizenship Program hits 205% growth in 2024, already breaking its previous annual record in just six months, with 739 applications – an 8% increase over the entire previous year's total.

## **Statistical Data of Antigua & Barbuda CBI Growth**

The remarkable growth follows an announcement of upcoming minimum threshold increases to align with pan-Caribbean CBI standards. A strategic delay in implementing these changes from July to August 2024 appears to have sparked an application rush.

The National Development Fund (NDF) remains the most popular investment route, attracting 83% of applications in H1 2024 and generating US$62.975 million – just 1.5% shy of the program's annual record set in 2018.

Real estate investments accounted for 15% of applications, maintaining historical patterns.

## **Antigua & Barbuda CBI Application Demographics**

The program's applicant demographics have shifted significantly in 2024, with Chinese investors leading at 12%, followed closely by Americans (11%) and Nigerians (9%). Turkish applicants have emerged as a notable market segment, representing 6% of applications. This marks a change from 2023, when Nigerian applicants dominated with 33% of all applications.

Passport issuance remains robust, with 622 new passports issued in H1 2024, suggesting a projected year-end total of 1,244. This maintains the program's five-year average of approximately 1,374 naturalizations annually.

The CIP continues to be a vital economic contributor, generating nearly 60% of the government's non-tax revenue, with expected revenues around US$67 million for 2023.

These record-breaking numbers demonstrate the program's growing appeal despite evolving global mobility trends and regulatory changes in the citizenship-by-investment landscape.