CARIBBEAN RESIDENCY PROGRAM: ANGUILLA
Anguilla
ANGUILLA launches its Tax Residency Program in June 2019. The Program is attractive for Investors seeking a tax efficient jurisdiction. Unlike other Caribbean Programs such as –
- Commonwealth of Dominica;
- St Kitts;
- Lucia;
- Grenada
- Antigua;
The Anguillan Program is not a Citizenship By Investment Program or Second Passport Program but a residency program. Applicants can qualify for residency by making an investment either to the Capital Development Fund or direct into Real Estate.
CAPITAL DEVELOPMENT FUND
The Capital Development Fund is set up as a special fund by the Government of Anguilla. Its purpose is to grow and diversify the economy through investing in meaningful public sector projects on the island. The minimum investment is US$150,000 for a single applicant plus US$50,000 for Spouse or each additional dependent. There is also application, due diligence and processing fees.
REAL ESTATE INVESTMENT
Applicants can qualify for residency in Anguilla under the Real Estate Investment Option. This requires a minimum investment of US$750,000 which will qualify up to a family of four members for residency. For each additional family member, a further US$100,000 investment is required. As usual there is application, due diligence and processing fees.
OTHER REQUIREMENTS
- Property needs to be retained for a minimum five year period.
- Eligible properties can be home, condominium, hotel units or other forms of real estate.
- Investors can submit for conditional approval of the application prior to committing to the investment.
CITIZENSHIP BY INVESTMENT
Anguilla is a British Overseas Territory and therefore falls under UK Sovereignty although it is not formally part of the UK. As stated earlier, the Program is not a Citizenship by Investment Program
as with other Caribbean Programs on the market like the Caribbean 5 – Dominica, St Kitts, Antigua, Grenada and St Lucia but a residency program.
However, after five years of residency it is possible to apply to become a British Overseas Territory Citizen and eventually a British Citizen.
TAX RESIDENCY HIGH VALUE RESIDENT (HVR) PROGRAM
Anguillan HVR Program is suitable for highly successful investors and entrepreneurs who travel a lot globally. Applicants can get tax residency in Anguilla through the annual payment of US$75,000. Applicants will need to commit to a minimum of five years. The applicant must own and maintain property in Anguilla valued in excess of US$400,000 throughout that time.
The Applicant will be required to establish genuine links to Anguilla and must make a written declaration every year that they are spending less than 183 days (6 months) in any other country.
BENEFITS
- Anguilla has no direct taxation.
- No Income Tax
- No Capital Gains Tax
- No gift, No net worth tax
- No Inheritance, No Corporate Tax
Contact us for your Anguillan High Value Resident [HVR] Certificate.
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Other Citizenship Program
Grenada Citizenship Program
Grenada citizenship is popular among investors due to the visa free access to China and their E-2 investor visa treaty with the USA.
Dominica Citizenship Program
Dominica is well known as one of the most reputed and affordable programs in the eastern Caribbean region.
Saint Lucia Citizenship Program
Antigua & Barbuda Citizenship Program
Antigua and Barbuda is known for the ease of access due to their international airport that serves as a terminal hub
Turkey Citizenship Program
Established in 2017, the Turkey Citizenship by Investment provides one of the fastest ways to secure a second passport.
Cyprus Citizenship Program
Cyprus offers the most assured path to Citizenship in Europe, popular among high net worth investors
