The Caribbean island of Antigua and Barbuda is becoming a preferred destination for UHNW billionaires from all over the world who are interested in its investment immigration program. The list of high-profile billionaires include Australian billionaire James Packer, movie star Robert De Niro, members of the royal family from Middle Eastern countries, billionaires from China, and the daughter of the late Baron Rothschild.

These wealthy individuals are investing in high-profile ventures like a 7-acre beachfront holiday home, renovation of Barbuda's K-Club hotel, and development of a luxury resort that will be spread over 36-acres of prime real estate on the beaches of Antigua and Barbuda.

This trend of wealthy A-listers making tourism-related investments in Antigua and Barbuda began with the Chinese billionaire owner of the Yida Group who initiated a billion-dollar project to build a 1600-acre mega resort in the country. This venture is expected to host holiday homes, marinas, as well as the region's biggest casino.

Growing interest in the country's Citizenship by Investment program has led to a 2.1% increase in the Ultra-High Net Worth population of the country. A UHNW individual is one who owns assets in excess of US $30 million. This surge in UHNW population is attributed to the formal introduction of an investment immigration program by the country's government in 2013.

Antigua and Barbuda scores over St. Kitts and Nevis and Barbados, other nations that offer citizenship via investment in the region, by combining low tax rates and attractive business prospects with the benefits of a second passport offered without onerous residency conditions.

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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer.