ANTIGUA TAX RESIDENCY IS A WORLD-BEATER Thursday 22nd February 2018
The Permanent Residency Program of Antigua & Barbuda was introduced in 1995 to encourage wealthy individuals to establish tax residency in the country.
It is open to non-citizens only and provides a quick and straightforward gateway to Antiguan tax residency.
Qualified applicants are issued a Permanent Residency Certificate and a Tax Identification Number.
Requirements to qualify for the Permanent Residency Program of Antigua & Barbuda:
- Maintain a permanent place of abode in Antigua & Barbuda (either leased or purchased)
- Spend at least 30 days a year in Antigua & Barbuda
- Annual income must exceed US$100,000
- Pay a flat tax of US$20,000 per annum
Qualified applicants are issued a Permanent Residency Certificate and a Tax Identification Number.
Some of the benefits of tax residency in Antigua & Barbuda
- No worldwide income tax
- No inheritance tax
- No capital gains tax
Spending 30 days in one of the top Caribbean vacation destinations each year gives residents the flexibility to travel for the majority of the year, and reside in multiple jurisdictions.
Tax advice should be sought in alternative jurisdictions to assess residency restrictions. For example, U.K. citizens who are tax resident in another country have a limited amount of time they can spend each year in the U.K. if they do not wish to be considered tax resident in the U.K., and the time allowed depends on how many financial ties they have to the U.K. Canadian citizens can currently spend up to 6 months per year at home in Canada if they are tax resident elsewhere*.
Please contact the Citizens International team to learn more about the process of obtaining Antigua Tax Residency.
*Professional tax advice should be sought in each jurisdiction
Click here for all News and Specials for Citizens International
|