Antigua Selling Citizenship For $250K

An effort to raise revenue

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In order to boost its struggling economy, the nation of Antigua and Barbuda announced Monday that it will be selling citizenship to rich, international investors.

People can get citizenship for either a $250,000 donation, a $400,000 real estate investment, or a $1.5 million business investment, the Associated Press reports. There’s also a government processing fee of $50,000, and after that, new citizens only have to spend at least 35 days on the island over the five-year span of the initial passport.

The twin-island nation hopes to get 1,800 new citizens and about $550 million in the next three years. Many other countries, from Caribbean islands to the United States, offer “investor visas.”