Quantcast


Last updated: October 14. 2013 12:37PM - 292 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Antigua & Barbuda is joining other Caribbean countries in selling citizenship to international investors.


Prime Minister Baldwin Spencer says the revenue generated by the citizenship-by-investment program will help put the islands "on the road to sustainable growth and development."


A foreigner can qualify for Antiguan citizenship with a $250,000 donation or with a real estate investment of $400,000. A business investment of $1.5 million can also qualify.


Antiguan officials said Monday that they started accepting applications last week.


The strategy is part of a growing trend in the Caribbean to drum up revenue on tiny islands struggling to pay debt.


For years, St. Kitts & Nevis and Dominica have allowed investors to secure citizenship in return for a real estate investment or donation.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com