Antigua, a scenic island in the Caribbean, offers an array of investment opportunities for people seeking an idyllic tropical paradise to call home. From condominiums to luxury villas, buying beachfront property for sale in Antigua will unlock a whole new world of living and income for anyone interested.
Beachfront properties are among the most popular options for investors. On top of the beauty, these types of real estate have tremendous passive income potential. If you have plans to purchase beachfront property for sale in Antigua, this article shall serve as a simple yet helpful guide.
Can a Foreigner Buy Antigua Property?
Yes, foreigners can purchase property in Antigua and Barbuda, and the government greatly welcomes this. Foreign real estate investors have little to no restrictions and enjoy the same rights as Antiguan citizens.
There is, of course, a specific process that foreign investors must undergo to buy and acquire property in Antigua. Purchasing a home in an approved real estate project can also qualify the buyer for full citizenship through the Antigua and Barbuda Citizenship-by-Investment programme.
What is the Citizenship-by-Investment Programme?
The Antigua and Barbuda Citizenship-by-Investment programme is a government initiative that aims to encourage foreign real estate investors to buy more property on the island by granting them full citizenship when donating USD 100,000 to the National Development Fund or purchasing real estate worth USD 200,000.
The Buying Process
- Start your property search
- Choose a property and make an offer
- Apply for Non-Citizens Holding Licence. All foreign real estate investors are required to apply for Alien Landholding Licence.
- Alien Landholding Licence application costs 5%-7% of the property’s value and will take four months for approval.
- Pay all required taxes.
Why Choose Beachfront Properties?
- Luxury – Beachfront properties are among the Antiguan market’s most beautiful and appealing real estate.
- Health Benefits – Living close to the beach provides several benefits for mental and physical well-being.
- Passive Income – Luxury villas are one of the most in-demand accommodations in Antigua. Offering yours for rent unlocks outstanding passive income.
Call Antigua Your Home at Tamarind Hills
If you are looking for a strategic and captivating place to purchase your first Antigua property, look no further than the island’s premier boutique resort, Tamarind Hills. Located on an oceanfront bluff, the resort offers luxury villas, condominiums and townhouses for sale on a freehold basis.