Antigua Free Trade Area detonated the upsurge of Caribbean investment and immigration
With Chinese President President Xi visited the Caribbean countries and leaders in last June 2014, intensive talks conducted cooperation in various fields, and a new framework for cooperation with Latin American and Caribbean countries work together to build initiatives. The next decade, the new cooperation framework will be expected to bring more than 500 billion development opportunities in Caribbean. The Caribbean will enter the era of unprecedented growth in the coming decade.
To seize this historic opportunity for development by CARICOM member states authorized the formation of the Caribbean Free Trade Area came into being, the intention of the FTA through the establishment of professional free economic zone in the Member States of the Caribbean Community approach to attract foreign direct investment, covering the Caribbean world-class economic zone.
In 2014, Gaston Browne, prime minister of Antigua, in order to vigorously attract foreign investment, successfully introduced a major foreign direct investment projects - Antigua Caribbean Free Trade Zone project. The project is developping the Caribbean Free Trade Area (Antigua) Ltd, sponsored by the investment. Currently, the first free trade zone has been started, and to absorb tens of millions of dollars in funding.
Antigua Caribbean Free Trade Zone by a number of business parks by way of satellite FTA composition. Each business park with a cluster-based industry, covering industries including finance, entertainment and medical services. According to the Government of Antigua in 1994, he introduced the "Free Trade Act," Antigua Caribbean Free Trade Zone enjoy various preferential measures, including offshore, onshore income tax exemptions. Through high-quality infrastructure and support for various concessions, Antigua Caribbean Free Trade Zone will attract investors and businesses around the world main investment into the park.
Due to the high degree of Antigua government attention and support, the project is expected to greatly promote the economic development of Antigua and Barbuda, and improve the country's GDP growth rate to become the Caribbean Antigua and Barbuda economy powerful boost power. Development of various commercial types of industrial parks will enrich the local economy and expand local economies amount. The project is expected to create more than 1,000 jobs. The next decade, the project will be attracted investment up to 10 billion dollars.
Meanwhile, in order to support for Antigua Park project, the project has been approved by the Antigua and Barbuda Government for Investment immigration. Businessmen and individuals who invest in Antigua FTA will get Antigua and Barbuda citizenship and passport.
Investment plans naturalization bill was passed in Antigua in 2013. The Antigua and Barbuda attracts high-quality talents to support a new chapter in the development of the national economy to the world. Antigua Caribbean Free Trade Zone project will be for the Immigrant Investor Program, has been approved by Antigua and Barbuda Government. Antigua and Barbuda Immigration by investment is the world's few legitimate direct access to passport of the Commonwealth countries, the attractive of the passport (visa-free more than 130 countries), fast passport processing speed (three months) and lower cost (USD 400,000 Property investment makes a family to obtain a passport) aspect with a strong competitive edge, many of the Chinese domestic enterprises and individuals committed to the internationalization of high-end people which has an unresistable attraction.