TRANSCRIBED FROM: https://www.adamtracy.io/video/antigua-second-passport/
So Antigua is a very interesting place, especially if you’re in certain high-risk industries. Crypto, gaming and payments are three particular areas where Antigua either has no regulation or very lax regulation. And it’s a bit piratey, but it’s also a great business environment, especially for those three areas.
So what I’ve seen in my practice is that a lot of individuals are looking to move down there, and luckily for them, Antigua offers a second passport or economic citizenship program. And that economic citizenship program contemplates either an investment of 125,000 flat fee, or an investment in real estate of 400,000, which when compared to real estate prices here in the US, it’s a fairly even exchange when you think about it. And that citizenship is flexible unlike Puerto Rico which requires you to, in order to avail yourself of the tax neutrality or the low tax rate that is being offered currently in Puerto Rico, you have to live there at least half the year. Antigua doesn’t require any amount of living, any amount of time on the Island, although you’d be best served perhaps by doing so because of the tax neutrality that you’ll find down there. More over, you don’t have to renounce citizenship as a US resident or a US citizen. Obviously there’s a lot that goes into renouncing citizenship, very difficult.
The Antiguan passport allows visa free traveling to the overall majority of nations, US excluded. But with your US passport you really wouldn’t need it. It’s an interesting option, right? And it’s an interesting option really because of the business climate there that’s really been fostered over a couple of years in terms of especially the high risk payments and cryptocurrency related activities. So definitely reach out to me if you have any questions. We’re currently working with a couple families on second passport projects in Antigua and elsewhere. I’m happy to answer any questions that you may have. Adam@AdamTracy, T-R-A-C-Y .io. And I will talk to you later.
A former professional rugby player, Adam S. Tracy brings over twenty years’ experience as an attorney, consultant and dealmaker with a particular focus on cryptocurrency, digital products, payments and immersive corporate structures. As an accomplished executive and advisor to high risk merchants and stakeholders, Adam has proven himself as a results oriented, decisive leader with proven success advising early market entrants, technology adapters, as well as established participants across a wide range of verticals. Adam Tracy’s attack-first personality allows him to excel in dynamic, demanding environments including complex corporate negotiations, distressed environments and regulatory investigations.
In addition, Adam S. Tracy also has a successful track record co-founding high risk industry ventures, building & leading cross-functional teams, and spearheading diverse corporate transactions. A serial entrepreneur, Adam has successfully started and created exits across a wide swath of markets, including various mobile SaaS ventures, nutraceuticals, peer-to-peer payment systems, and several telemarketing-based ventures. Moreover, as a recognized expert in the payments field, Adam Tracy has been a blockchain and digital currency evangelist and influencer since the early days of Bitcoin.
Utilizing his proprietary “Pre-Event Driven™” strategy for decision making, Adam S. Tracy further leverages his over twenty years’ experience to create cost-effective, value-add solutions for each client. A data-driven acolyte, Adam continually refines his strategies based on field studies and data collection. Moreover, Adam Tracy further augments his range of solutions by actively networking with regulators, liquidity providers, legal and compliance experts, deal-flow brokers, investors and management of leading high risk industry ventures.
Adam S. Tracy earned his Bachelor of Science in Computer Applications and Bachelor of Science in Finance from the University of Notre Dame. He subsequently earned his Masters in Business Administration from the DePaul Kellstadt Graduate School of Business, while concurrently earning his Juris Doctorate from the DePaul College of Law. Adam lives outside Chicago with his with his wife, son, four dogs, and two cats.
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