Antigua Barbuda Citizen Investment Programme
Global Bank of Commerce
Habour Island Residences

AIT Accounting & Management Services Limited is a Company established under the Companies Act, 1995 of Antigua and Barbuda. Ownership of the company is 100% Antiguan citizens with more than twenty-five years experience in accounting and tax advisory services, financial services and related advisory services throughout the Caribbean, Africa, and Europe. We are specialists in the formation and administration of companies. We also provide Financial, Investment and other related Management Services.


Our company aspires to the delivery of internationally accepted standards of professional service suitable to the needs of our individual clients and the companies we manage. In this regard, our staff are not only professionally qualified, but are trained in the art of customer service and satisfaction.


We trust that this brochure may be informative and anticipate the opportunity to be of service.



Why is Antigua & Barbuda considered a premier destination for the discerning tourist and businessman?

A Little Bit of Paradise

Popular with tourists, pleasant weather, good people to deal with, excellent political stability, and a strong multi-cultural community.

Beaches For Each Day of The Year

Including Barbuda, there are 365 attractive beaches to choose from. Partly cloudly, mostly sunny all year round weather.

World Class Communications

First Island in the Western Hemisphere to install 4G LTE. Reliable telephone and faxility services available island wide, including international dialing and high speed internet services.

Antigua & Barbuda, In More Detail...

Antigua and Barbuda is a small twin-island democracy located within the heart of the Eastern Caribbean archipelago. Antigua’s history can be dated to 1775 B.C. when its first inhabitants, the Siboney (or ‘stone people’) lived there. The Arawaks later settled in Antigua at about the time of Christ or the beginning of the Common Era. The Arawaks reputedly paddled across from South America and introduced agriculture to the islands of Antigua and Barbuda, bringing with them a host of goods ranging from pineapples and tobacco and cotton. Most of the Arawaks left around 1100 A.D but some stayed on to be raided by the Caribs, an Indian tribe based in Dominica. The earliest recorded European contact with Antigua was made when Christopher Columbus, on his second voyage of discovery in 1493, discovered Antigua and named it Santa Maria de la Antigua. Columbus named the island after Santa Maria la Antigua, the miracle-working saint of the Spanish city of Seville.

Except for a brief period of occupancy by the French in 1652, the island, with an area of 108 square miles, remained British until its independence. Names such as Sir Christopher Codrington who arrived in Antigua in 1684 and Horatio Nelson who arrived in 1784 are inextricably linked to the history and lore of Antigua and Barbuda. Lying 28 miles to the north of Antigua is the sister-island of Barbuda, with an area of 75 square miles. The Twin-island State of Antigua and Barbuda attained its independence from the United Kingdom on November 1st, 1981. The country is a member state of the Organization of Eastern Caribbean States (OECS.), using a common monetary system the East Caribbean Dollar (EC $). Antigua is a member of the Caribbean Community and Common Market (CARICOM) an economic organization of Caribbean States. It is also a member of the British Commonwealth, Organization of American States (OAS), the Association of American States (ACS), and the ACP grouping (signatories of the Lome Convention).

Antigua was one of the pioneers of Caribbean tourism from the late 1960’s, having the important components of popular tourism: a hot pleasant climate (average annual rainfall is 45 inches), good travel links, skilled and friendly tourism staff, attractive beaches (it has some 365 beaches of coral-sand giving on to clear turquoise-colored sea), and a range of hotels. Antigua possesses perhaps the most thriving tourist industry in the Eastern Caribbean and with its modern, multinational and multi-ethnic community, enjoys one of the highest standards of living in the Caribbean.

Antigua has a history of political stability with a parliamentary democracy fashioned from the British Parliamentary System. The current government led by the Honourable Baldwin Spencer of the United Progressive Party strongly supports transparent governance and “government in the sunshine” principles. While English is the official language, AIT Management Services can arrange for Italian, Spanish and French speaking clients to communicate in their mother tongues.

The currency in Antigua is the Eastern Caribbean Dollar which is fixed to the United States Dollar at the rate of US$1.00 to EC$2.70.



AIT Accounting & Management Services Ltd. provides services such as accounting and other administrative services on behalf of our client base. In the accounting arena, we provide services such as preparation of financial statements, computation and filing of company tax returns for Company Tax, keeping and maintaining financial records of companies, business plans and cash flow statements, forensic investigations and efficiency reviews.


We can also arrange for audits of companies, banks, trusts and insurance companies with Audit firms licensed to practice under the I.C.A.E.C – Antigua.


We would be pleased to discuss the provision of any related service in the field of finance, corporate administration and banking to the client.


Our mission is to provide an unsurpassed quality of service to our client base and we look forward to being of service to you.



AIT Accounting & Management Services Ltd. may be able to arrange investment opportunities for its clients. Such investment opportunities may be negotiated at the request of the potential investor and our rate for such services determined by contract.



The Antigua and Barbuda Citizenship by Investment Act was Gazetted on April 11th, 2013 and came into force on the 4th September, 2013 by Order of the Prime Minister of Antigua and Barbuda. The program was officially launched on the 10th day of October 2013 and allows an applicant to obtain citizenship by way of investment into the country. Once an applicant is approved to be a citizen, he/she will receive a passport which can provide visa free travel to 130 countries as well as all of the other benefits, associated with being a citizen of Antigua & Barbuda.


  • Reduced National Development Fund Contribution - US$100,000.00

Under the revised and updated Citizenship by Investment Act, effective 1st November, 2017 the Government of Antigua and Barbuda has reduced the Contribution to the National Development Fund for applications of not more than 4 persons in a family unit to US$100,000.00 while for applications with more than 4 persons the NDF Contribution is reduced to US$125,000.00.


It should be noted that the reduced NDF Contribution is valid for one year commencing 1st November 2017, unless further extended or appropriately reduced by law by the Government of Antigua and Barbuda.

  • Real Estate Investment - US$400,000.00 (Minimum)

A second option for citizenship is to acquire real estate property in an approved zoned area, in an investment that can deliver an annual rate of return. Such an investment requires a minimum acquisition of real estate property of US$400,000.00. There are a number of approved developments that are part of the program. More details on this option is available upon request.

Effective 1st May, 2018 the Government of Antigua and Barbuda introduced a Limited Time Offer (LTO) under the Real Estate Investment option. Until the 31st October, 2018, while the minimum investment remains at US$400,000.00, two applications from related parties can make a joint investment with each applicant investing a minimum of US$200,000.00 in order to qualify. Parties are related by virtue of being represented by the same Licensed Local Agent.


  • Investment in Business - US$1,500,000.00 (Minimum)

A third option for citizenship is to invest in an approved business in Antigua and Barbuda with a minimum investment of US$1,500,000.00. In the event two or more investors wish to be joint partners in a business venture, the minimum investment required is US$5,000,000.00, with any one partner investing a minimum of US$400,000.00 in the business venture. More details on this option is available upon request.


Once a potential applicant has selected the preferred citizenship option that is best tailored to the applicant’s requirements, then the application process begins. 



Citizenship by Investment is the granting of citizenship status to an individual (and immediate family members) contingent upon a specified and quantifiable investment in the country.


The USA, Canada, Australia, Austria, Switzerland and Great Britain are among the countries, which offer residency and a fast-track to citizenship to wealthy individuals for investment in their country.

However some of these other programs offered in the UK or Canada can prove to be time consuming and more expensive while essentially delivering the same benefits that can be provided by Antigua and Barbuda. Once you obtain citizenship by investment in most of these countries you are then folded into the country’s taxation system. With the Antigua and Barbuda Citizenship by Investment Program, citizens may only be taxed on income and wealth derived and earned within the state of Antigua and Barbuda.

The Antigua and Barbuda Citizenship by Investment program provides applicants with the ability to obtain citizenship while having the opportunity to invest into the development of our beautiful twin island state. A state where there is no death taxes, estate taxes or capital gains taxes.






The benefits of dual or multiple citizenship range from ease of movement where there is political strife in one’s own country and investment planning and personal security.

  • Convenience: High net worth citizens of some countries spend considerable amounts of time obtaining visas from other countries. In addition to the time involved in the process, and the uncertainty, is the fact that some countries only offer single entry visas. Where travel may be required on short notice, access to another passport may be crucial such as in the case of civil unrest. Additionally, a second passport may afford the holder visa-free travel to jurisdictions not available to his or her country of birth.



  • Personal Security: Citizenship and a passport from a small peaceful country is considered by some as a form of protection when travelling, particularly in times of political unrest, civil war, terrorism or other delicate situations. Many international business executives consider an alternative passport as the best life insurance.


  • Investment in the Future: In a dynamic political and economic environment, acquiring a second citizenship may be considered an investment for the future and in many instances, there is no need to give up one’s present nationality while one, along with his family, enjoys the benefits of a legal second passport.





Antigua & Barbuda Citizenship by Investment Program is a recently established program since October 2013. Antigua and Barbuda is implementing this program to attract investors of good character to make a substantial contribution to the development of this beautiful twin island state.


As a potential applicant for citizenship, an investor is given the opportunity to apply for economic citizenship and a passport under the terms of the Citizenship by Investment Act and additional guidelines provided by the Citizenship by Investment Unit and within the strict legal and regulatory regimes.


Main Benefits:

  1. DUAL CITIZENSHIP: Once a Citizen of Antigua & Barbuda you are allowed to have dual citizenship. So you can enjoy the benefits and advantages of being part of the citizenship by investment program without having to renounce your existing citizenship.

  2. VISA FREE TRAVEL: Citizens of Antigua and Barbuda are free to travel to approximately 130 countries worldwide without a visa, these include countries such as Austria, Belgium, Canada, Denmark, France, Germany, Greece, Italy, Malta, Netherlands, Poland, Portugal, Spain and the UK.

  3. TAX ADVANTAGES: There will be certain tax benefits for Antigua and Barbuda citizens approved under this program. For example there will be no Personal Income Tax (PIT) charged on income derived outside Antigua and Barbuda, no high net worth tax, no gift tax or estate duty tax, and no capital gains tax. Please contact us directly for more details on the tax advantages of Antiguan citizenship.

  4. LIFESTYLE: Any applicant will have the ability to spend as much time in Antigua & Barbuda as they wish. Whether it be enjoying one of the 365 beaches dotted across this island paradise or sailing along the coast, snorkeling, diving or just having lunch at one of the 5 star resorts or boutique beachfront restaurants. A stress free life style while enjoying the most comfortable climate where the sun shines every day.

  5. EDUCATION: The education system in Antigua and Barbuda is considered to be of a high quality since Antiguan students attending University in the U.S., Canada and Europe have consistently performed in the top five percent of their classes and programs. There are additional benefits for students from certain countries applying to attend University in the U.S, Canada or Europe applying under their new Antigua citizenship and passports.  



When applying to the Antigua and Barbuda Citizenship by Investment Program, a potential applicant will need to complete the following forms if the application is based on a contribution to the NDF:


  • AB1 – Application form

  • AB2 – Photograph and Signature Certificate

  • AB3 - Medical Certificate

  • AB4 – Investment Confirmation Form

  • AB5 – Agent Form

  • Passport Application Forms


If the application is to be made under the Investment in real estate property option, then the following forms in addition to those mentioned above will be required to be completed:


  • Executed Reservation Agreement to purchase an approved Real Estate Property

  • Executed Purchase and Sale Agreement


The potential applicant will have to provide additional information in order for their application to be reviewed, approved and processed.

This information is requested in order for the Citizenship by Investment Unit to complete the required checks and balances in order to protect the sovereignty and integrity of the Antigua and Barbuda Passport for its citizens as well as applicants under this program. 


  1. Certified Copy of current passport(s) showing name, photo, citizenship/nationality, date and place of issue, expiry date, passport number and issuing country.


  1. Original excerpt of full birth record with apostille or certified copy of full birth certificate (i.e. birth document that also includes parent's details, or a household register, family book etc.).


  1. Original Bank Reference Letter from an internationally recognized bank indicating proof of funds. Original professional reference (from an attorney, notary public, chartered accountant). Both should not be older than 6 months.


  1. Original document of evidence of addresses (e.g. certified copy of a utility bill or bank statement with full name and address, or confirmation from a bank, attorney, chartered accountant or notary public).


  1. Original Police Record or Police Certificate from country of citizenship and residency. Document must not be older than 3 months.


  1.  Eight (8) original passport-size photos of the applicant taken within the past 6 months.

  2. Investment Confirmation / Escrow Deposit Evidence - i.e. A copy of duly executed real-estate contract (Purchase and Sales Agreement), evidence of Title Transfer (either deed or certificate of title).


  1. Photograph and Signature Certificate.


  1. Medical Certificate from a medical practitioner that the main applicant or his/her dependents are not suffering from any contagious disease and that they are otherwise in good health.


  1. To be interviewed by the Citizenship by Investment Unit if required.


  1. If approved, travel to Antigua & Barbuda to take the Oath of Allegiance or to so do at an Embassy or Consular Office of Antigua and Barbuda located nearest to the new citizen.


  1. Please note that this is not an exhaustive list. Additional details available upon request.





Effective 19th December 2017, the Government of Antigua and Barbuda approved the increase of the age of dependent children from 25 years to 28 years. Dependent children aged 18 and over are still required to be in full time attendance at a University or other Institute of learning with the completion date of the program at least six (6) months from the date the application has been submitted.


Effective 1st May 2018, the Government of Antigua and Barbuda approved the reduction of parental dependents age from sixty-five (65) to fifty-eight (58).


Effective 1st May 2018, the Government of Antigua and Barbuda also removed the requirement for dependent children under the age of eighteen (18) to visit Antigua and Barbuda for five (5) days in the first five years of citizenship. Upon attaining the age of eighteen (18) the residency requirement must be fulfilled as well as the requirement to swear an oath of pledge allegiance to the state of Antigua and Barbuda.







  • Processing Fees: US $25,000.00 for a family of up to four persons with incremental payments of US $15,000.00 for each additional dependent where the application consists of five (5) persons or more.


  • Due Diligence Fees are US$7,500.00 Adults; US$4,000.00 for children aged 18-25 years; US$2,000.00 for dependent children aged 12-17 and NIL for dependent children aged 0-11 years;


  • A down payment of 10% of the processing fees together with the full due diligence fees are to be submitted with the application and they are both non-refundable.


  • Due Diligence and Background Verification Checks are essential to ensure the maintenance and integrity of the Program.





  • Processing fees for a family of up to four (4) persons is US $50,000.00 with incremental payments of US $15,000.00 for each additional dependent where the application consists of a family of five (5) persons or more.


  • Due Diligence Fees are US$7,500.00 Adults; US$ US$4,000.00 for children aged 18-25 years; US$2,000.00 for dependent children aged 12-17 and NIL for dependent children aged 0-11 years;


  • A down payment of 10% of the processing fees together with the full due diligence fees are to be submitted with the application and they are both non-refundable.


  • Due Diligence and Background Verification Checks are essential to ensure the maintenance and integrity of the Program




Once you have been approved through the program and are eligible for citizenship you may be invited to Antigua & Barbuda by the state to take your Oath of Allegiance to Antigua and Barbuda and to complete the process of obtaining your new passport. Arrangements are being put in place where approved citizens to the Program may opt to take their Oath of Allegiance in an Embassy or Consular Office outside of Antigua and Barbuda.


The Antigua and Barbuda Citizenship by Investment program will require the applicant (once approved) to spend a minimum of 5 days over the course of 5 years in order to qualify for a renewal of the initial passport.





The Citizenship by Investment Act of Antigua and Barbuda is clear that certain applicants may not qualify for citizenship under the Act and would be ineligible if:


  • The applicant provides false information on his/her application forms;

  • Not having received a free pardon, has at any time previously been convicted in any country of an offence for which the maximum custodial penalty is in excess of 6 months imprisonment;

  • Is the subject of a criminal investigation;

  • Is a potential National Security risk to Antigua and Barbuda or any other country;

  • Is involved in any activity likely to cause disrepute too Antigua and Barbuda or:

  • Has been denied a visa to a country with which Antigua and Barbuda has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial.



Effective 11th December, 2014 the Cabinet of Antigua and Barbuda decided that the Antigua and Barbuda Citizenship by Investment Program will not accept applications from nationals of the following countries:


  • Afghanistan

  • Iran

  • Iraq

  • North Korea

  • Somalia

  • Yemen

  • Sudan (added February 2017)


Effective the 1st August, 2017 the cabinet of Antigua and Barbuda made a further amendment where, as an exception, individuals born in these restricted countries but who migrated before the age of majority and/or have maintained permanent residence in Canada, the United States of America, the United Kingdom, Australia, New Zealand, Saudi Arabia and the United Arab Emirates for a period of not less than 10 years and maintain no economic ties to any of the named restricted countries may apply for citizenship providing that their status as lawful residents is established. Additionally, all such applicants are required to fully comply with the Program’s due diligence requirements.



The Citizenship by Investment Program will allow the purchase of residences valued at a minimum of US$400,000.00 in an approved development within a zoned area as approved by the cabinet of Antigua and Barbuda. The country has an inventory of units as well as projects under construction. With respect to developments under construction these will be listed as off-plan purchases and require an escrow arrangement to protect the applicant. It is anticipated that the escrow arrangements will be monitored by the Citizenship by Investment Unit in order to maintain the integrity of the program.

For more information on the real estate included in Antigua and Barbuda’s Citizenship by Investment program please contact us.





If you would like to apply to the Antigua and Barbuda Citizenship Investment Program then simply contact us so we can provide you with the relevant application forms to be completed and to discuss the complete package of the benefits of the program and the investment options that may be available to a potential applicant.

Please note that under Section 5 (3) of the Citizenship by Investment Act, all applications must be routed through a local agent, licensed under the Citizenship by Investment Act who will act as the agent for the applicant in all communications with the Citizenship by Investment Unit until the applicant is approved under the Program guidelines and processes.






When applying to the Citizenship by Investment program there will be fees involved. Fees quoted below are for one adult applicant.


  • Government Application Fee: US$25,000.00–NDF; US$50,000.00–Real Estate

  • Due Diligence Fee: US$7,500.00

  • Local Agent Processing Fee: To be provided upon request


Additional fees for dependents may apply where the application is for five (5) persons or more. The fees for the incremental dependent over four (4) persons is US$15,000.00 each and the Due Diligence Fee may vary depending on their age.


Please contact us regarding fees applicable to adding spouses and dependents after approval of citizenship.





Once a potential applicant decides that he/she would like to apply for economic citizenship in Antigua and Barbuda under the Citizenship by Investment Act and they feel that they meet all the qualifying criteria under the Act, then the application process can begin in earnest.


There are approximately 6 to 8 forms that have to be completed in English with the supporting documentation attached. Completion of these application forms, and payment of fees may take about 2-4 weeks if all the required information and documentation is readily available.


Under the Act, the Citizenship by Investment Unit is required, within 3 months, to inform the Local Agent, on behalf of the main applicant, whether the application has been approved, denied or is delayed for cause and is still being processed.




Head Office

Global Commerce Centre Building

1st Floor

Old Parham Road, St. John's

Antigua & Barbuda



Tel:  268-460-7181

Fax: 268-460-8982


For any inquiries, questions or commendations, please call: 268-460-7181 or fill out the following form


Romell Tiwari has been approved under the Citizenship by Investment Act and by the Citizenship by Investment Unit as a Licensed Local Agent under the program.


Romell Tiwari FCCA, MBA has held senior accounting and financial administration positions for more than 25 years. He is a Fellow of the Chartered Association of Certified Accountants in the U.K. (FCCA) and holds a Masters in Business Administration (MBA) from the University of Wales. He has extensive audit experience in the tourist hotel industry, statutory corporations and private businesses having worked with the International Audit firms of KPMG Peat Marwick and PricewaterhouseCoopers during the late 1980s and early 1990s.


He has served as Group Chief Financial Officer of the then Swiss American Banking Group Ltd in Antigua during 1991 through 1999 and helped establish the first Visa and MasterCard Local Currency Interchange Agreements in the Eastern Caribbean Region. He was the co-project leader for the successful conversion to new banking software including general ledger accounting systems for the banks during his tenure. He managed the Group’s Investment Portfolio during his tenure which had increased in excess of US$100 million at the time of his departure in 1999.


He was a consultant/internal auditor for the Food & Agriculture Organization (FAO) of the United Nations during 1999 through 2003 and has worked on several project and system reviews in Europe, Africa, North America and the Caribbean region in collaboration with other European Donor Governments and International Institutions such as the World Bank and World Food Program.


He operates a financial services company that provides accounting, taxation and wealth management consultancy services for more than 16 years. He has extensive experience in banking, corporate finance, development of business plans for real estate project funding by banks and joint venture investors, forensic and efficiency reviews, advisory on establishment of mutual funds and bond issues, advisory on valuations/negotiations for sale of companies and financial advisory to Real Estate Developers and Investors.


He is a citizen of Antigua and Barbuda and is a member of The Institute of Chartered Accountants of the Eastern Caribbean – Antigua Branch (ICAEC). He has a practicing certificate by the ICAEC and from the ACCA – UK but his company AIT Accounting & Management Services Ltd does not provide audit services for clients. He has served as the Chairman of the Audit Committee and Chairman of the Board of Directors for a leading financial institution in Antigua and Barbuda and also sits on several Corporate Boards and Committees in Antigua.

Prime Minister of Antigua & Barbuda, The Honourable Gaston Browne and Romell Tiwari, FCCA MBA




Nicolette Doherty is a graduate of the University of Kent, Canterbury, England and Georgetown University, Washington D.C, in the United States, where she obtained a BA in Law and a Masters Degree in International and Comparative Law.   She is a member of Middle Temple Inn of Court in London and is admitted to the Bars of England and Wales, Nigeria, and Antigua and Barbuda.  She is also a Solicitor of the Supreme Court of England and Wales and member of the Law Society and a member of the Chartered Institute of Arbitrators in the United Kingdom.


She is affiliated with AIT International Lifestyle Investments Limited to provide services under the Citizenship by Investment Program.   She heads a corporate and commercial law practice in Antigua and Barbuda and has acquired extensive experience in banking and corporate finance, project financing, mergers and acquisitions and commercial and private real estate transactions, corporate insolvency and restructuring and asset recovery.   She represents leading financial institutions, local and international investors and other corporate clients.


She has acted as lead counsel on a number of significant private sector projects which include real estate development projects, the development and financing of hotel and tourism projects, the acquisition of a leading commercial bank, the structuring of a bond issue to finance a cable network service, the preparation of loan and equity financing documents and the structuring of joint ventures and collaboration agreements in the field of financial services. 


In addition, she collaborates with a multi-jurisdictional team of specialized asset recovery and insolvency practitioners and acts as local counsel in connection with the liquidation of an international bank in Antigua and Barbuda.  She has also participated in the structuring of a regional trust fund to support policy holder claims against an insolvent insurer.


She has acted as a consultant to Caricom and other international and multilateral development agencies and has prepared reports on the harmonization of investment principles and standard within the region including investment, business and regulatory reform, anti-corruption and good governance initiatives.  


She currently serves on the boards of several corporations and non-profit organizations in Antigua.   She is a member of the audit committee of a leading financial institution in Antigua and Barbuda and a member of International Chamber of Commerce Fraudnet as its representative for Antigua and Barbuda.

Nicolette M. Doherty BA LL.M