High-earning individuals and retirees can call paradise home when they apply for the Anguilla Golden Visa.
Officially offered by Select Anguilla, the Anguilla Golden Visa allows people to obtain permanent residency on the island by making an approved investment in real estate or a government contribution.
Launched in 2029, the Anguilla Golden Visa scheme is an excellent opportunity for wealthy individuals and retirees to diversify their assets and create a more international lifestyle. Retaining permanent residency can also lead to a path of citizenship as a BOTC and, eventually, citizenship in the UK.
Just imagine owning a home and having the right to be on a gorgeous tropical Caribbean island. Daily strolls on white sandy beaches become a reality, and adopting a more laidback lifestyle seems more likely.
On average, it takes about three to four months to process the Anguilla Golden Visa application. However, if you decide to invest in real estate, searching for the right property can prolong the process.
If you aren’t ready to call Anguilla home permanently just yet, you may want to consider the Anguilla digital nomad visa to live on the island temporarily while working remotely.
By the end of this article, you’ll know the benefits of the Anguilla Golden Visa, the investment requirements, how to apply, and a second residency option that can help reduce your tax rates.
What is a Golden Visa?
Before jumping into the details about the Anguilla Golden Visa, we should first determine what exactly a Golden Visa is.
A Golden Visa is a program that allows foreign nationals to obtain residency and sometimes even citizenship by making a government-approved investment. These investments can be real estate, businesses, bonds, and other government programs.
These visas are excellent for retirees and wealthy individuals who want to diversify their assets and residencies.
Benefits of the Anguilla Golden Visa
There are so many benefits to applying for the Anguilla Golden Visa and obtaining permanent residency on the island. Not only will you have the right to live in Anguilla, but you’ll take advantage of favorable tax rates and bring your family.
The Anguilla Golden Visa grants permanent residency to those who successfully apply and are approved to become a visa holders.
Holding permanent residency in Anguilla gives you the right to enter the country as you please. For example, during the COVID-19 pandemic, when countries closed their borders, Anguilla Golden Visa holders could enter Anguilla no matter the status of the border.
Path to Citizenship
After having permanent residency in Anguilla for five years, you may apply for British Overseas Territory Citizenship (BOTC). This passport allows visa-free access to 95 countries, including Schengen Area countries.
Applicants must pass an English language and citizenship test, prove financial stability, police background checks, and have an interview at the Attorney General’s Chambers.
After receiving BOTC, you may be able to apply for British citizenship if you meet certain requirements.
Favorable Tax Rates
Many people look to the Anguilla Golden Visa for the favorable tax rates that come along with it. With 0% income tax and no capital gains tax, net worth tax, gift tax, corporate tax, or inheritance tax, Anguilla is an attractive tax haven for many people.
Being financially savvy and protecting your assets with the Anguilla Golden Visa can help you lessen the burden of the taxes you currently pay.
At the end of this article, we’ll dive deeper into obtaining tax residency in Anguilla as a second option to the Golden Visa.
When you apply for the Anguilla Golden Visa, you may also extend the benefits to your family and dependents.
Applicants may include spouses, children, and parents in their Anguilla Golden Visa application. Family members will obtain permanent residency and may take advantage of all of the benefits that come along with it.
Permanent Caribbean Getaway
There’s nothing like saying you have a permanent home on a beautiful island in the Caribbean. Getting the Anguilla Golden Visa gives you the opportunity to experience it firsthand.
Creating a life in Anguilla will help you diversify your assets, interests, and overall lifestyle. Having a home abroad can provide a place for you to go for a change of scenery or to escape cold winters.
Having the option to go to Anguilla to a second home is a luxury only a few get to experience.
Who is Eligible for the Anguilla Golden Visa?
There are a few eligibility requirements for those who can apply for the Anguilla Golden Visa program.
- Be at least 18 years old
- Clean criminal record
Of course, applicants must also fulfill the investment requirements to obtain the Anguilla Golden Visa.
Anguilla Golden Visa Investment Requirements
There are two investment options to qualify for permanent residency through the Anguilla Golden Visa.
A popular investment option for the Anguilla Golden Visa is real estate. Applicants must purchase a property for at least $750,000 for a family of four at the time of applying.
For each additional dependent, there is an added investment of $100,000.
The property must be located on the island and cannot be sold for five years from the date of purchase.
A more affordable investment option is to make a contribution of $150,000 to the Capital Development Fund.
For each additional dependent, there is an additional investment of $50,000.
This contribution will go towards projects in the public sector to strengthen and grow Anguilla’s economy.
Along with making either a real estate investment or contribution, there are additional fees applicants must pay for the Anguilla Golden Visa.
The application fee for the main applicant and three additional dependents is $3,000 per person. Additional dependents cost $500 per application.
There is also a due diligence fee of $7,500 for each individual over the age of 18. For dependents between the ages of 12 and 18, the due diligence fee is $2,500.
How to Apply for the Anguilla Golden Visa
There are only a few steps required to apply for the Anguilla Golden Visa. The best part is that you don’t have to make your qualifying investment until after you have begun the application process.
Step 1: Find an Authorized Agent
The only way to submit an application for the Anguilla Golden Visa and obtain permanent residency through it is through an authorized agent.
These specialized immigration lawyers will assist you in gathering the correct documents and guiding you through the investment and application process.
It’s always a good idea to work with a certified professional when it comes to investing in another country and obtaining a golden visa anyway.
Step 2: Choose Your Investment
Once you have found an authorized agent to work with, you should consider which investment option you would like to go with.
This is a very personal choice. Consider consulting your financial advisor to find the best option for you and your long-term goals.
Step 3: Submit Golden Visa Application
Through your authorized agent, you may submit your Anguilla Golden Visa application and the required documents before you make your qualifying investment.
At this time, you will pay the application and due diligence fees for you and your dependents.
Once your application is processed, you will receive a Letter of Approval in Principle. This allows you to move forward with your proposed investment to obtain permanent residency in Anguilla.
Step 4: Make Your Investment
After receiving the Letter of Approval in Principle, you can officially make your qualifying investment for the Anguilla Golden Visa.
If purchasing property, the process may take a bit longer, but it will definitely be worth the couple extra weeks to have a home of your own on the island.
Step 5: Receive Permanent Residency Permits
The entire Anguilla Golden Visa process should take between three and four months. Afterward, you will receive your permanent residence permits and have the right to reside in Anguilla permanently.
Anguilla Tax Residency
We discussed a bit about the tax advantages and favorable rates Anguilla offers its residents and corporations. With the Anguilla Tax Residency option, people can become tax residents without having to apply for the Anguilla Golden Visa or live in the country.
To be eligible for tax residency in Anguilla, you must meet the following requirements:
- Own and maintain a home valued at least $400,000 in Anguilla
- Pay $75,000 per year in tax to the Treasury of Anguilla for five years
- Establish links to Anguilla through bank accounts, memberships, etc.
- Spend at least 45 days in Anguilla per year
- Spend less than 183 days in any other country during the year
- Prove you can pay the first five years of tax ($375,000) immediately
Along with gaining tax residency in Anguilla, applicants will also be granted temporary residency.
This is an excellent option for those who want to be smarter about their taxes and assets without obtaining a permanent residency abroad.
Frequently Asked Questions
While the process of obtaining the Anguilla Golden Visa is fairly straightforward, you may still have some questions about it.
Can I apply for citizenship with the Anguilla Golden Visa?
While the Anguilla Golden Visa is a residency-by-investment program and not a citizenship-by-investment program, there is still a path to citizenship.
When you have held permanent residency for five years and meet the requirements to apply for citizenship, you may become a BOTC and get an additional passport with visa-free access to 95 countries.
Is there a minimum stay requirement?
No, there is no minimum stay requirement to keep your permanent residency in Anguilla.
However, if you want to be considered a tax resident of Anguilla, you must spend at least 45 days during the year in the country and less than 183 days in any other country.
How long does it take to get the Anguilla Golden Visa?
The application process takes between three and four months.
Are there tax benefits with the Anguilla Golden Visa?
Anguilla is known for being a safe haven for assets and companies due to their favorable tax rates and schemes.
There is no income tax, inheritance tax, corporate tax, capital gains tax, gift tax, or net worth tax.
How much are the fees to apply for the Anguilla Golden Visa?
The application fee is $3,000 per person for a family of four. Each additional dependent is $500.
There is a due diligence fee of $7,500 per adult over the age of 18. For dependents between 12 and 18 years old, the fee is $2,500.
Do I have to work with a lawyer to apply for the Anguilla Golden Visa?
Yes, applicants must submit their application for the Anguilla Golden Visa through an authorized agent.
It is not possible to apply for the Anguilla Golden Visa on your own.
Professional Assistance with Your Anguilla Golden Visa Application
Are you ready to diversify and invest in a Caribbean lifestyle?
When it comes to obtaining a Golden Visa, it’s always a good idea to work with a professional immigration lawyer. Since they are familiar with the process, investment rules, and how the country operates, they can get your visa faster and conflict-free.
Nomads Embassy is here to help you get started on your Anguilla Golden Visa application right away!
We have hand-selected immigration lawyer partners in Anguilla waiting to get you started on your investment and claim residency in the gorgeous, Caribbean country.