Islands Provide Residency For Real Estate
In a post GFC (global financial crisis) we have seen a stream of cash strapped countries use real estate investment as a vehicle to lure foreign investors.
The latest initiative comes from the Caribbean islands of Antiqua and Barbuda.
Under the incentive citizenship can be conveyed with a USD400, 000 property investment. Barring this, a USD250,000 donation also does the trick.
Tack onto the cost a government-processing fee of USD50, 000.
Newly minted passport holders do need to spend 35 days in country during the first 5 years of citizenship.
Welcome to the new world of passports and real estate.