Antigua and Barbuda is already a world-famous tourism destination, but its determined government has ushered in a new era of growth. Building on its reputation as a stunning beach paradise and celebrity hideaway, it is seeking new investment to enhance the visitor experience and boost infrastructure and resort development
The famously welcoming people of Antigua and Barbuda will never forget that the millions of tourists who visit each year are seeking ultimate relaxation and enjoyment. But the government of Prime Minister Gaston Browne is working hard behind the scenes to further develop an economy that is already moving quickly in the right direction, having posted GDP growth of 4.3% in 2016.
In a region where security can be an issue, Antigua and Barbuda is both an extremely safe environment for all-comers and enjoys social and political stability. With a literacy rate of 95%, the twin-island nation offers a well-educated workforce, solid ICT infrastructure and a secure investment environment.
The Antigua & Barbuda Investment Authority (ABIA) is a “one-stop-shop” agency for both local and foreign investors, advising on opportunities and the government’s generous range of tax breaks. Visitors who want to firm up their connection with the islands can also choose the benefits of Antigua and Barbuda’s Citizenship by Investment Programme (CIP), ranked one of the best in the world.
“Our CIP is an excellent option for high-net-worth individuals looking to invest in jurisdictions outside the UK. Depending on the interests of the potential investor, there are also varied opportunities in tourism developments, sports and yachting infrastructure and renewable energy, ” explains Trade and Investment Minister E. P. Chet Greene.
Antigua and Barbuda has plans to take its thriving tourism sector to another level, both through the creation of new, innovative and high-quality resorts and by boosting infrastructure. A large grant from China is helping with the development of the deep-water port at the capital St John’s, but Antigua and Barbuda is also looking toward its historical partner the UK for an even closer relationship in the post-Brexit age.
Our Citizenship by Investment Programme is an excellent option for high-net-worth individuals looking to invest in jurisdictions outside the UK”