Your client might not be the next E. P. Taylor but it could be time for them to take a banana leaf out of the Canadian business tycoon’s book and consider Caribbean citizenship, at least that’s what global citizenship advocates Arton Capital
are encouraging at their ongoing event in Toronto.
Hosted at the Four Seasons Hotel in the heart of Toronto’s financial district, the top-notch, two-day forum has attracted a wealth of political leaders and industry magnates who are interested in the hottest of alternative investment options.
“If you do not have investments in Antigua and Barbuda, you do not have a well-managed portfolio,” teased Gaston Browne, on the first day of the conference. As the country’s newly elected Prime Minister, Browne is bolstering efforts to pull in outside investment by offering attractive tax exemptions and coveted Caribbean citizenship to high net worth individuals.
Nicknamed “Land of 365 Beaches” Antigua and Barbuda will already sound tempting enough to some but the government is also offering an array of other fiscal benefits including no tax on worldwide income, reduced tax on imports, dual-citizenship and visa-free travel to over 100 countries – if, of course, you invest or donate appropriately.
To secure citizenship for Antigua and Barbuda, HNWIs have the option of donating US$250,000 to the nation, investing US$400,000 in real estate or investing US$1.5 million to establish a business. Caribbean counterparts St. Kitts and Nevis and Dominica are also on the list of approved countries seeking outsider investment in exchange for tax abatement, although requirements vary.