Recent amendments to the Immigration and Passport Act and Income Tax Act allows for the offer of permanent residence to high net-worth individuals and their families upon the following terms:

• Purchase or lease of property in Antigua
• Physical presence in Antigua for an annual minimum of 30 days in aggregate
• Holding a Permanent Residence Certificate by payment of an annual immigration levy of not less than US$20,000.00.
• Processing Application

Applications are processed through Corporate and Trust Services (Caribbean) Limited in conjunction with their legal representatives. Each application should be accompanied by the following documents:

1. Accountant's Certificate
2. Bank Reference
3. Two (2) Character References

This application is subject to the approval of Cabinet who shall determine the amount of levy to be paid.

The benefits to the scheme arise from the fact that it operates in a jurisdiction free from personal income tax, capital gains tax, inheritance tax and wealth tax. Further the Permanent Resident's income will not be subject to tax by the Antigua tax regime whether the income is remitted or not.