October 30, 2014
KINGSTON, Jamaica (AP) - Antigua & Barbuda is joining other Caribbean countries in selling citizenship to international investors.
Prime Minister Baldwin Spencer 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.
Antiguan officials said Monday that they started accepting applications last week.
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.
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