In Caribbean news. In an effort to raise revenue in order to boost its struggling economy, the nation of Antigua and Barbuda announced Monday that it will be selling citizenship to rich, international investors.
Photo courtesy rjrnewsonline.com
People can get citizenship for either a 0,000 donation, a 0,000 real estate investment, or a .5 million business investment, the Associated Press reports. There’s also a government processing fee of $50,000, and after that, new citizens only have to spend at least 35 days on the island over the five-year span of the initial passport.
The twin-island nation hopes to get 1,800 new citizens and about $550 million in the next three years. Many other countries, from Caribbean islands to the United States, offer “investor visas.” Article courtesy Time World.Com
