ME investors eye Antigua and Barbuda

Dubai / EMIRATES BUSINESS

Antigua and Barbuda is expecting to see a significant boost in investment and travel from the Middle East. An
exclusive exposition style conference is set to take place in October 2016 at Dubai’s Palazzo Versace Hotel highlighting the islands’ exceptional
investor and citizenship benefits.
Antigua and Barbuda’s low-tax structure, offering investment free from personal income tax, capital gains tax, inheritance tax and wealth tax, has played an important role in encouraging foreign funds into the islands. The country has already seen a significant increase of investment from the Middle East, including a recent MoU for US$120 million towards a luxury resort in the south of the island. Spread across 32 acres of beachfront, the new resort, Callaloo Cay, will enthrall the best of class, beauty, and extravagance, and is expected to be a one-of-a-kind resort in the Caribbean.
Antigua and Barbuda has witnessed an increase of high net worth investors from around the world since the establishment of the Citizenship by Investment Programme (CIP) introduced
in 2013.
The nation’s CIP has been ranked as the number one program in the Caribbean and fourth in the world, by two major international industry players, Henley & Partners and Arton
Capital.
John Hanafin, CEO of the global citizenship advisory Arton Capital, said that “the program for the twin-island has become popular thanks to the level of trust built due to the continued bilateral economic developments and favourable investment climate.”