Antigua and Barbuda is quickly setting itself apart at the annual CTO Caribbean Week with a multi-pronged approach for reaching out to relevant parties. Following the success of The Antigua and Barbuda Cocktail and Dinner with top influencers, affluencers, media and trade, the Government of Antigua and Barbuda hosted a luncheon with Christopher Forbes on Tuesday 2nd of June, with over 75 of the top investors, banking firms, real estate firms and moguls in attendance.
The luncheon was held at the prestigious and exclusive Knickerbocker Club, to share the dynamic vision of the Honourable Prime Minister Antigua and Barbuda to transform the twin island nation into the economic powerhouse of the Eastern Caribbean. The presentations highlighted the milestones achieved thus far. Partnering with Mr. Christopher Forbes, the Vice Chairman of the Forbes Publishing Company, allowed for direct access to his network, that includes the top echelon of the financial industry, real estate industry and top influencers and affluencers ideal for Antigua and Barbuda’s future investment plans.
The luncheon featured speeches by the Honourable Prime Minister, Gaston Browne as well as the Honourable Minister of Tourism, Economic Development, Investment and Energy, Asot Michael with an introduction by Mr. Christopher Forbes.
Luminaries and leaders in attendance at the luncheon were Special Economic Envoy to Antigua and Barbuda, Robert De Niro, Ambassador Aubrey Webson, Ambassador Gilbert Boustany and Ambassador Joseph John. The Prime Minister and Tourism Minister spoke to the audience about the revolution of Antigua and Barbuda including the achievements of the Government within the past year. Details that were shared with the audience included: raising over $2billion in capital, strides in making the Citizenship by Investment Unit the most lucrative in the industry while maintaining the highest international security standards, promise for a total transformation of port facilities and downtown St. John’s, the imminent opening of the new airport terminal at V C Bird Airport making it the most modern airport in the Caribbean and increased airlift to the islands.
Particular focus was given to the strategic planning and work being done towards renewable energy, with focus on solar power, and the investment opportunities that were of particular interest for the audience, such as the Free Economic Zone, Offshore Banking, Registration of Ships and Yachts, Private Air Line Registry, Internet Gaming and in particular the Citizenship by Investment Program.
The Citizenship by Investment Unit was developed to manage the CIP process whereby individuals who make substantial investment in Antigua and Barbuda can secure a path to obtaining Citizenship in the country once requirements have been met. Investors not only benefit from Antigua’s advantageous fiscal regime, but also get a five-year passport that confer visa-free entry to over 130 nations worldwide, including Canada, Hong Kong, Singapore, the UK and the European Union’s Schengen Area. This program, which has gained a reputation as one of the best of its kind is incredibly attractive to investors in the US and globally seeking a tax friendly destination, which will secure an adequate return on their investment.
The Honourable Minister of Tourism, Economic Development, Investment and Energy Asot Michael stated, “This luncheon was the perfect opportunity to speak with our ideal audience: including top investors, banking firms, real estate moguls and influencers and affluencers to share with them the economic Antigua and Barbuda vision. There was resounding enthusiasm and interest from the audience in what monumental strides are being taken by the Government of Antigua and Barbuda. I can confidently say that our twin islands are now at the top of mind for the elite of the business an investment market in greater New York, that I am confident will quickly spread throughout the North American market, bringing many positive economic and investment returns for Antigua and Barbuda in the near future.”
This landmark event has firmly positioned Antigua and Barbuda as a country that has truly set itself apart in its innovative approach to attract foreign direct investment.