Antigua & Barbuda becomes latest Caribbean country to sell citizenship to international investors

Antigua and Barbuda is joining other Caribbean countries in selling citizenship to international investors.

Prime Minister Gaston Brown 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.

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.