This Caribbean island makes 25% of its money selling visas - Nov. 6, 2015 - 0 views
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For the starting price of just $200,000 you can buy citizenship in the Caribbean nation of Antigua and Barbuda.
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Antigua launched its "citizenship by investment program" in 2013, and it has proved so popular that it now accounts for about 25% of government revenue. Some 500 people have already bought their way into the country of just 90,000, according to local media reports.
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Antigua says it is using its windfall to help revive the nation's flagging tourism industry, and to invest in health care and education.
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This article talked about a fairly new way that Antigua and Barbuda was using tourism to their advantage. The nation is now selling citizenship for 200,000 to invest in health care and education. While this seems relatively positive the IMF believes that they should be used in different ways, and that they are "inherently volatile". However it was interesting to me that the selling of citizenships now accounts for 25% of government revenue. This article helped me to understand the economy of Antigua and Barbuda, and showed a positive way that they were using their tourism.