Antigua and Barbuda will grant citizenship for real estate investment

The government of Antigua and Barbuda, located between the Caribbean Sea and the Atlantic Ocean, has officially announced the launch of the program obtain a residence permit in exchange for investments in real estate, according to the online source of an OPP the Connect . Baldwin Spencer, Prime Minister of the country, announced the launch of the program last week, after two years of consideration. Under the terms of the program, to obtain a passport and citizenship of Antigua and Barbuda is necessary to buy property in the country worth $ 400 000. There are other options for investment - investment of $ 1.5 million in business or $ 250,000 in the country's National Development Fund. Some critics appreciated the program as "sale of passports." However, the authorities noted that the program will not be available to all, the applicants will have to undergo a thorough check. The Government of Antigua and Barbuda considers that these innovations will help attract investors and help in the development of the economic situation of the country. HomesOverseas.ru