There is so much more to Antigua and Barbuda than breathtaking white sand beaches, culinary delicacies, and other fun experiences. The Eastern Caribbean nation is also a prime location for business investments.
According to the World Bank, Antigua and Barbuda’s Gross Domestic Product (GDP) was worth 1.87 billion US dollars in 2022, and its economy continued its solid expansion with a projected 5.7% growth in GDP for 2023. These alongside many other indicators make it a top spot for businesses and investors. Through its Citizenship by Investment programs, individuals from all over the world can get a second passport by either donating or investing in government-funded real estate.
Businesses incorporated in Antigua and Barbuda can bring back all invested capital, royalties, dividends, and profits without being subject to taxes or fees on foreign currency transactions.
Here are some key sectors to consider when investing in Antigua & Barbuda
Tourism & Hospitality – With its lush islands and pristine beaches, it is no surprise that tourism is one of the biggest contributors to Antigua’s economy. You can consider investing in beach houses, resorts, travel packages, hotels, and tourist transportation services. You can also invest in building locations for tourist activities like a golf course, sailing/yachting harbour, etc
Fisheries & Aquaculture – With its abundant marine resources and strategic location in the Caribbean, Antigua and Barbuda offers an attractive environment for investors looking to capitalize on the growing demand for seafood products globally. Antigua and Barbuda’s territorial waters are rich in various fish species, including snapper, tuna, mahi-mahi, and lobster, providing a solid foundation for commercial fishing operations.
Real Estate Development: With a steady influx of tourists and expatriates, there is a demand for residential and commercial properties. Investing in real estate development projects, including residential complexes, commercial centers, and mixed-use developments, can yield significant returns.
Maritime transport and ports: With its strategic location in the Eastern Caribbean, Antigua serves as a vital hub for maritime trade and transportation within the region and beyond. The nation’s main port, St. John’s Deep Water Harbor, is well-developed and offers deep berths capable of accommodating large vessels, facilitating efficient cargo handling and transshipment activities. Due to the nation’s increased trading volumes, there is also a growing demand for efficient cargo handling and logistics services.
Financial Services: Antigua and Barbuda’s stable political environment and favorable business regulations make it an attractive destination for offshore banking, wealth management, and investment services. Investing in financial institutions or setting up financial service businesses can leverage the country’s reputation as an economic hub.
Conclusion
Antigua and Barbuda boast of a thriving economy and are considered market leaders in the eastern Caribbean region. Foreign investors and local investors are treated equally when it comes to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments within the country. This is why you should consider investing in Antigua and obtaining a second citizenship through them. The passport will give you access to over 145 countries visa-free. Contact Dual Luxury World to get started.
