Thursday, May 23, 2019 12:44 AM

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Dubai’s AAA Associates’ Delegation Meets Antigua top Government officials, discusses boosting investment migration across Middle East

AAA Associates immigration advisory exploring expansion into Caribbean to consolidate its international position, which will significantly help its Middle East applicants in cutting down the application processing time of acquiring Caribbean nationality. Imran Farooq, Chief Executive of the leading immigration advisory firm AAA Associates which specializes in the Citizenship-By Investment (CBI) programmes, met Prime Minister of Antigua & Barbuda H.E. Gaston Browne and discussed ways of boosting Antigua’s Citizenship by Investment program to the Middle Eastern potential applicants.


His Excellency Gaston Browne at his office welcomed the AAA Associates delegation headed by Imran Farooq, Chief Executive Officer of AAA Associates, a part of Samana Group of Companies. Both sides had extensive talks about the growing investment opportunities in the Caribbean and how the applicants in Middle East could avail them.


Headquartered in Dubai, UAE, AAA Associates immigration and CBI advisory assists potential applicants for residence planning, citizenship and real estate consulting. In addition to UAE residents, the company serves applicants from Saudi Arabia, Bahrain, Oman, Kuwait, India, Pakistan, Iran and Syria.


The high applicant inflow is attributed to the latest amendments in the citizenship legislation of countries such as ‘Antigua & Barbuda’, ‘Dominica’ and ‘Saint Kitts & Nevis’, where these countries dramatically slashed investment cost of Citizenship by Investment in a bid to take the programme to the maximum number of people.


Antigua & Barbuda economic citizenship by investment program is contributing to the Antigua & Barbuda national development fund. For single applicant, or a family of four or less is of US$100,000. Family of five or more is of US$125,000.


The Citizenship-by-investment programmes are increasingly becoming popular among wealthy residents in the UAE in particular and in the Middle Eastern citizens in general. It allows access to visa-free entry into over 120 countries, including Schengen Zone for either for investment, business or educational purposes.


“We are very happy to meet Prime Minister of Antigua & Barbuda H.E. Gaston Browne. Our discussion was really fruitful and we are ready to work together on Antigua & Barbuda’s CBI program. AAA Associates will put all efforts in attracting people to this programme and guaranteeing the programme has Antigua & Barbuda assurance of investment safety,’ said Imran Farooq, Chief Executive Officer of AAA Associates, part of Samana Group of Companies.


The UAE, which hosts more than 8 million expatriates who contribute US$33 billion (Dh121 billion) remittance flow, is an ideal hub for emigrants and for countries in Europe, America, the Caribbean and Australia and New Zealand – who attract wealthy investors and skilled immigrants through business and investment immigration programmes offered to boost their economic growth.


AAA Associates has said, their Middle Eastern applicants’ data showed that the high net worth individuals contributed to record 51 per cent increase in demand for Caribbean citizenship in 2017-18 as compared to the previous years. The top nationalities that contributed to this increase in demand are Syrians and Yemenis, Bahrainis, Omanis, Kuwaitis, Indians and Pakistanis, the report recorded.


The Citizenship by Investment Unit (CIU) was established by the office of Honourable Prime Minister of Antigua and Barbuda itself and is the Government authority responsible for processing all applications for Agent’s Licenses, and all applications for Citizenship by Investment by applicants and their family from all over the world.


‘Antigua and Barbuda’ offers full residence status and dual citizenship, with the right to live and work, where there is no obligation to reside in Antigua and Barbuda before or after citizenship is approved. This facility suits the UAE investors and businessmen as they can stay in UAE and get a strong 2nd passport at the same time. The extraordinary response and interest from the UAE, considerably backed the mutual relations between UAE and Antigua and Barbuda government.”


Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. Antigua has a total area of 108 square miles and Barbuda, 68 square miles. With some 365 beaches of clean turquoise waters, the lush tropical islands of Antigua and Barbuda are attractive and considered to be one of the most beautiful places on earth. As a result, tourism is the key driver of Gross Domestic Product (GDP) and generates around 60% of the island’s income, with key target markets being the U.S., Canada and Europe.


Antigua and Barbuda is a member of United Nations, the British Commonwealth, Caricom and the Organisation of American States (OAS) among many other international organisations. Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 150 countries, including the U.K. and the countries of the Schengen area.


About AAA Associates

AAA Associates is a one-stop solution for business immigration and second citizenship or second passport needs. AAA Associates is a UAE based immigration services company that specialises in the most in-demand areas of immigration and citizenship by investment field.


The company’s highly qualified, well-trained and experienced multinational team of immigration lawyers, consultants and experts provide client-focused services as per their specific immigration and/or quick second citizenship needs.