• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Saturday, February 4, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
Flags-of-the-world

The Impact of Covid: Racing to Buy Second Citizenships

Travel access to any country has become a priority for many ultra-high net worth individuals during the pandemic.

by Debra Amato, California Business Journal
A A
Share on FacebookShare on Twitter

There is a global trend among the world’s affluent class. With uncertainty surrounding the globe, and the “new normal” conditions setting in, having travel access to any country at any moment has become a priority and paramount for many ultra-high net worth individuals, giving further need and growth for residence-by-investment and citizenship-by-investment (CIP) programs.

In our exclusive interview, H.E Dr. Dario Item, Ambassador of Antigua and Barbuda to Monaco, Liechtenstein, and Spain, demystifies and explains the growing trend. As an attorney-at-law, he understands the legal complexities of the process and shares how Antigua and Barbuda streamlines and makes the process easier for those who wish to venture and work from the paradisiacal dual-islands. 

The global pandemic has introduced such paradigm shifts in security, new workplace setups, and technological adjustments. These new opportunities where one can do their business remotely has made the option of investing in second citizenship even more appealing for entrepreneurs and investors looking to do their business from anywhere, ideally in places such as Antigua and Barbuda, known for its gorgeous beaches. As a result, many ultra high net worth individuals (UHNWI), successful entrepreneurs and travelers have Antigua and Barbuda as their primary choice for secondary citizenship.

ADVERTISEMENT

Buying Second CitizenshipsNew property and business opportunities present themselves for people to choose to invest in and acquire a second, or even multiple citizenships. 

Provided that only a proven cure or vaccine can truly catalyze the normalcy of the globe and that it may still take some time for scientists to provide one, having a location setting that is conducive to running a business online is a logical option. Antigua and Barbuda has been attracting many wealthy individuals and families through its Citizenship by Investment Program (CIP). The government has also made residency easier for those who wish to work and live in the country through its Nomad Residency Program.

“There is everything in Antigua and Barbuda. Fantastic beaches, hotels, great restaurants, and amazing people,” says Dr. Item, an expert in international relations.

Dario Item is the ambassador of Antigua and Barbuda in the Principality of Monaco, the Kingdom of Spain
Dario Item is the ambassador of Antigua and Barbuda in the Principality of Monaco, the Kingdom of Spain

Dr. Item, a member of the European Caucus of Antigua and Barbuda Ambassadors and Honorary Consuls, also highlights the upgrade in work conditions fit for today’s needs. The government, he says, has already laid out its technological infrastructure that would make its internet connection capable of facilitating individuals or groups to run their businesses from resorts. 

Ultra-high net worth individuals who have already enrolled in Antigua and Barbuda’s CIP have the foresight of the benefits, seeing how well the country handled the COVID-19 pandemic. “Individuals wake up looking at the majestic coves and choosing where, from among the 365 beaches, to visit,” Dr. Item says. “It’s paradise.”

Investors enjoy lavish cuisines in restaurants that adhere to health protocols. The technological infrastructure of the island allows a speedy and reliable connection making working from home enjoyable. Access to travel isn’t an issue as Antigua and Barbuda passport holders have the privilege of traveling to 150 countries visa-free. Not to mention the access to the UK and the majority of the European Countries, where citizens can stay for up to six months. 

Monaco: Buying Second CitizenshipsFurther research also shows that the government of Antigua and Barbuda is stable and secure. Prime Minister Gaston Browne has been leading the country with clear vision and resolution actions. He has been at the forefront of high-level international meetings manifesting his desire to seek more stakeholders that could support the country. His leadership has been aptly supported by his colleagues in the government, and Dr. Item is one of the many diplomats supporting the leader’s vision. 

“As an Ambassador, it is my duty to relay the international policies of Antigua and Barbuda. I do so knowing that our policies are well thought of and beneficial for both our country as well as its visitors”, Ambassador Item explains. He added that he is very “confident that aspiring citizens would find the ultimate Caribbean paradise” in the dual-islands of Antigua and Barbuda. 

Photo: View from The Catamaran Hotel. Photo courtesy of the Antigua and Barbuda Tourism Authority

Copyright © 2020 California Business Journal. All Rights Reserved.

This article was edited and published by Rick Weinberg, California Business Journal’s Founder and Editor-in-Chief. Click here for Rick Weinberg’s biography.

Tags: Ambassador of Antigua and BarbudaattorneyBrowneCaliforniaCovid-19Dario ItementrepreneursEuropeanhealthinfrastructureinvestinginvestmentinvestorslawLeadershiprestaurantstechnological infrastructurevideowhy the world's elites are buying second citizenships
ADVERTISEMENT
Debra Amato, California Business Journal

Debra Amato, California Business Journal

Related Posts

Nantucket Island real estate
7 Tips for Buying a Home on New England's Majestic Nantucket Island
plane at dusk
Why Wealthy People Are Giving Up Their American Citizenship
Passport
Commentary: Travelers Missing Best Deal When Renewing Passport
Covid
A New Way to Cure COVID-19: Fumigate the inside of human lungs, killing the deadly virus.
advertisement
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

Job Postings

CEO Wanted


Requirements: BS/BA + 2yrs of Business Managing Experience

Mail Resume: Grand Life, Inc. 14647 Northam St. La Mirada, CA 90638.

$114,754/year

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Top 25 Wealth Management Companies in California
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • 6 Types of Business Records and Receipts Every Small Business Should Keep

    0 shares
    Share 0 Tweet 0

Latest Articles

Super Bowl

5 Best Sports Betting Apps For The Super Bowl

Free Spins: If You Love Online Slots, Check Out These Casinos

Free Spins: If You Love Online Slots, Check Out These Casinos

How to Optimize the Learning Process and Allocate More Time for Yourself

How to Optimize the Learning Process and Allocate More Time for Yourself

Should You Junk or Sell Your Unusable Car? 8 Considerations

Should You Junk or Sell Your Unusable Car? 8 Considerations

Q&A with Jennifer Woods, Vice President and Associate General Counsel of FrontDoor on Why Companies Should Release Sustainability Reports.

Q&A with Jennifer Woods, Vice President and Associate General Counsel of Frontdoor on Why Companies Should Release Sustainability Reports.

Best Practices for Establishing Secure Password Protocols

Best Practices for Establishing Secure Password Protocols

How to Up Your Marketing Game with Real Estate 3D Rendering

How to Up Your Marketing Game with Real Estate 3D Rendering

Tips For Designing A Vinyl Banner For Your Business

Tips For Designing A Vinyl Banner For Your Business

15 Useful Animation Makers for Novice Entrepreneurs (2023)

15 Useful Animation Makers for Novice Entrepreneurs For 2023

What is FinTech?

What is FinTech?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR