In 2013 the Government of Antigua and Barbuda announced a Citizenship by Investment Program (CIP) for individuals investing in approved property developments, making these properties very special and singular investment vehicles. Antigua’s government has continued to demonstrate its commitment to the tourism industry with projects such as the US $75M expansion of the international airport which is the region’s hub for international flights allowing increase flight numbers, passenger jet bridges and overall higher efficiency. Antigua levies no capital gains or inheritance taxes and there is no tax on income generated outside the country.

UPDATED 5th September 2021

Expats choose a second citizenship for several reasons, including better opportunities for themselves and their families, stronger passports for travel freedom, and even as an alternative plan. The COVID-19 pandemic has changed the situations for many expats, making their futures uncertain, and some with financial means may look to obtain another citizenship.

The COVID-19 pandemic has changed lives worldwide and introduced a general uncertainty around the future. Many expats might be interested in changing their current locations, either by returning to their home countries or immigrating elsewhere, and wealthy individuals have the option to get an alternative citizenship. 

Knight Frank, in their Wealth Report 2021 stated, “nearly a quarter of UHNWIs (Ultra-High-Net-Worth Individuals) are planning to apply for a second passport or citizenship”. 

Several countries in popular regions offer Citizenship By Investment (CBI) programs to qualifying individuals.

Antigua and Barbuda

Expats can get citizenship in the Caribbean nation of Antigua and Barbuda with a minimum donation of USD 100,000 plus other fees. The destinations you can travel visa-free with an Antigua and Barbuda passport include the Schengen area. You’ll also not face income and some other taxes. Check the different investment and donation options and fees. 

Several other countries have CBI programs for qualifying applicants and families. Expats should make sure to understand all requirements applicable to their circumstances, including fees on top of the investment amounts and extra funds required for dependants, etc., as such amounts can be substantial.  

Unfortunately, given the high price tag, CBI programs may not be an option for all expats. Some countries also don’t allow dual citizenship, and certain expats from such places may not wish to give up their home country’s citizenship.

Benefits of having more than one citizenship

Expats who obtain more than one citizenship by way of CBI or through other migration programs will generally have the following advantages.  

• Access to a good quality of life and opportunities

Citizenship in a stable destination may provide a better quality of life for expats leaving their home countries due to uncertainty or other issues. For some, getting another citizenship might provide the opportunity to enjoy the best of two countries. Expats may even choose to split their time between the countries of citizenship.  

A second citizenship will also open more job and business opportunities, in addition to social benefits, for qualifying individuals and their families. 

• Lower tax bills

Depending on each person’s circumstances and the tax laws of their home countries, getting a citizenship in a tax-free destination may lead to lower tax bills. However, expats should get professional financial and tax advice ahead of making any tax-related decisions. 

• Visit more destinations freely

For expats with weak home-country passports, a stronger second passport will provide a higher freedom of movement and reduce the burden of complex visa applications. 

While there are benefits of having more than one citizenship, it may not be the case for everyone. Hence, expats who wish to obtain a second citizenship or multiple citizenships should check all relevant factors, obtain professional advice as required, and make an informed decision. 

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