Problem in Biography Isn’t Always Equal to Refusal: How Affidavit Helped Investor Obtain Caribbean Passport

Clients’ names and photos have been changed
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Fedor decided to obtain citizenship of a Caribbean country so that his family could come to Europe without visas and his children could study in European schools and universities. But there was a problem in the investor’s biography. In 2004, he was sued by a competitor. Fedor was acquitted, but the very fact of the charge is a sufficient reason for the Caribbean country to refuse him citizenship.

The lawyers of Immigrant Invest understood the situation and found a solution. They drew up an affidavit confirming the investor’s innocence for the Citizenship by Investment Unit. Fedor and his family were eligible to apply for a second citizenship of Antigua and Barbuda.

Fedor has successfully passed the Due Diligence at the Antigua and Barbuda CIP Unit. Without the affidavit, the investor would not have received a second citizenship and his child would not have received a year of free education at a top Caribbean university.

Our client: an investor from Krasnodar

Герой — инвестор из Краснодара
Fedor, 48 years old

Businessman, owner of a company selling plumbing fixtures
Client's name and photo has been changed

Why Fedor and his family needed a Caribbean passport

🌎 Business trips and vacations abroad without visas and restrictions. Fedor sells plumbing fixtures from Germany, Poland and Italy. Once every three months, he traveled to Europe for supplier meetings and manufacturing exhibitions.

Fedor has a large family of a wife and three children. On vacation, the children went to summer schools in Europe and Great Britain, and then on vacation with their parents. Most often, the family spent their holidays in the Mediterranean Sea.

The family received Schengen visas to travel to Europe. In 2020, due to the pandemic, entry into the EU countries was only allowed for a valid reason like resolving urgent business issues.

Fedor had a valid Schengen visa, so he managed to go to Germany twice to meet with partners. But his visa expired in November 2020. It turned out to be impossible to extend the visa or get a new one: the consulates of the EU countries have suspended the issuance of visas for short-term trips. Therefore the family had to cancel plans for overseas vacations.

🎓 European education for children. Fedor and his wife wanted their children to be educated in the European Union or Great Britain. A European-style diploma will allow you to find a job abroad and move to live in a developed country e.g, the United States.

The spouses wanted to be able to visit their children often if they decide to study in schools and universities abroad. To do this, they would also have to obtain visas.

Fedor realized that he no longer wanted to depend on visa regimes. From an article by Immigrant Invest, he learned that Caribbean citizenship allows you to travel the world without visas, even in a pandemic.

Previously, everyone horned about globalization stating that soon there would be no borders between countries. Then the pandemic happened: every country closed, a visa could not be obtained and how long this will last is unknown.

Business must be kept afloat and the children must be educated. So I decided on second citizenship: I got tired of dealing with the circumstances.

Герой — инвестор из Краснодара
Fedor wanted his family to receive freedom of visa-free travel around the world and provide his children with a high-quality European education

Which Caribbean countries grant citizenship by investment

On the 25th of January, 2021, Fedor applied to Immigrant Invest to choose a Caribbean citizenship by investment program.

Olga Stroeva

Head of Investment Citizenship Department

  • Discussed tasks and wishes with the client;
  • talked about the possibilities and nuances of different programs;
  • helped select a country and investment option under the program

Five Caribbean countries offer citizenship in exchange for investment. Citizens of these states travel without visas to the Schengen zone and stay in the region for up to 90 days in half a year.

Caribbean countries with citizenship programs are also members of the Commonwealth of Nations. Therefore, a Caribbean passport by investment qualifies for visa-free travel to the UK. It is allowed to stay in the country for up to 180 days a year.



Why did the investor choose the Antigua and Barbuda program

Fedor planned to obtain a second citizenship by investment together with family. He wanted to include in the application:

  • his spouse;
  • three minor children: a 16 year old daughter and two sons of 14 and 9 years old;
  • his parents at the age of 70.
Cost of participation. Caribbean programs offer several investment options, but the most popular are the non-refundable contribution and the purchase of real estate.

Fedor did not want to invest in Caribbean hotels as a means to citizenship by investment, so he preferred the option with a subsidy to the state fund of the Caribbean country.

The Antigua and Barbuda Program has two donation options: the National Development Fund and the University of the West Indies Fund. Only families of six or more are allowed to apply for the University of the West Indies Contribution Option, which is appropriate for the investor.

Immigrant Invest lawyers have calculated the investor’s expenses for participation in Caribbean programs under the contribution option. Calculations showed that donating to the University of the West Indies Fund of Antigua and Barbuda is the cheapest option for Fedor’s family.

Expenses for a family of seven on contribution

Cost of participation in Caribbean citizenship by investment programs in 2021

Bonus for the education of children. If an investor makes a contribution to the University of the West Indies Fund, he receives a year of free tuition at the university. The scholarship is awarded to one relative or the investor himself. But there are nuances:

  • the scholarship applicant’s age can go up to 29;
  • you need to enter the university within five years from the date of obtaining Antigua and Barbuda citizenship.
The University of the West Indies is one of the largest universities in the Caribbean. It is also ranked among the top 600 universities in the world in 2021 by The World University Rankings.

Education at the University of the West Indies is conducted according to the British system adopted in the Commonwealth of Nations. The university offers students more than 800 educational courses in nine different areas.

The university diploma is recognized in all countries of the Commonwealth, including the UK. Bachelor graduates can continue their studies for a master’s degree at US universities. There is also an exchange program for students between 160 universities around the world.

Fedor’s daughter will graduate from school in 2022. If the family participates in the Antigua and Barbuda Citizenship program, the girl will be able to receive a scholarship to study at a Caribbean university.
Antigua and Barbuda citizenship to study in the University of the West Indies for free
The Five Islands Campus is a branch of the University of the West Indies in Antigua and Barbuda. It teaches humanities, management, marketing, information technology, economics and medicine

Risk of rejection: what the preliminary Due Diligence showed

Immigrant Invest is the only company in the industry with its own compliance department. Before concluding an agreement with a client, a certified specialist from Immigrant Invest conducts a preliminary due diligence of the investor.

Pre-screening helps to identify potential risks in advance and find solutions before applying for the program.

Павел Решетников - Иммигрант Инвест
Pavel Reshetnikov

Compliance Anti Money Laundering Officer

  • Studied the client’s biography;
  • checked the legality of the client’s sources of income;
  • pointed out the risks and assessed the possibility of application rejection
During the preliminary check, Fedor told lawyers that in 2004 he was charged in an economic dispute. The case was considered in the Krasnodar Arbitration Court.

The prosecutor conspired with Fyodor’s rival. The investor was acquitted: the court closed the case due to lack of information and evidence.

A police clearance certificate is included in the list of documents applying for participation in the citizenship program. Fedor had no criminal record, but the fact of the trial is indicated in the certificate.

The mention of charges and litigation is a sufficient reason for the investor to be denied citizenship. If the investor is refused, he will not be able to participate in citizenship or residence programs of other countries.
This is what a certificate of no criminal record looks like. It indicates by whom and to whom the certificate was issued, information about the fact or termination of the criminal prosecution and under what article it was carried out

Solution of the problem from the Immigrant Invest lawyers

Lawyers in international and economic law studied Fedor’s situation. In the case of an investor, it is necessary to prepare an affidavit — a legal opinion explaining the situation. Evidence of innocence is attached to it.

Fedor agreed with the decision of the lawyers. He entered into an agreement with Immigrant Invest to participate in the Antigua Citizenship Program.

What the lawyers stated in the affidavit. The lawyers contacted the lawyer who was handling the investor’s case in court. The lawyer provided:

  • documents confirming the relationship between the prosecutor and Fyodor’s rival;
  • proof that the investor did not break the law.
In the affidavit, the lawyers detailed the circumstances of the case. The legal statement emphasizes that the charges turned out to be false and the plaintiff was then prosecuted for forgery and bribery of witnesses.

Caribbean countries value their reputation and rigorously check investors for their trustworthiness. The absence of a criminal record and criminal prosecution is one of the main applicant requirements.

If a CIP Unit has doubts about the investor’s reliability, they can ask him for clarification. However, the risk of rejection remains high.

We work out all the risks that may affect the decision of the CIP Unit in advance. Affidavit is one of the tools to provide comprehensive information about the client and reduce the risk of rejection to a minimum.

Evgenia Morozova

Head of Immigrant Invest Legal Department

Approval of the application without additional requests

Preparation of documents and submission of the application. Lawyers prepared documents for filing an application with the Antigua and Barbuda CIP Unit in two weeks. In addition to the affidavit, the Antigua passport application form was accompanied by:

  • copies of passports;
  • police clearance certificates for all applicants over 16 years old;
  • A marriage certificate;
  • birth certificates of children;
  • investor’s birth certificate to confirm blood ties with parents;
  • A medical insurance for the whole family;
  • government questionnaires and forms.
The government of Antigua and Barbuda has simplified the application process during a pandemic. Investor applications were received online through a secure internet portal. The CIP Unit began to consider documents as soon as it received the scans in electronic form.

The lawyers completed the Antigua and Barbuda passport form and uploaded copies of the investor’s documents to the program department’s portal. Before submitting the application, Fedor paid the fees and Due Diligence. The receipts were also attached to the application.

Due diligence. The Antigua and Barbuda CIP Unit verified the investor in two months. The investor’s candidacy was approved without additional requests; there was enough information on the affidavit for the department to make a decision in favor of Fedor.

2 months

Took Due Diligence in the Antigua and Barbuda CIP Unit

The standard time for the Due Diligence in the Antigua and Barbuda CIP Unit is three to nine months. Fedor’s application was approved in just two months. Thanks to a well-written affidavit, the department had no doubts that an investor could legally apply for citizenship.

Evgenia Morozova

Head of Immigrant Invest Legal Department

Fulfillment of investment condition. Fedor transferred the contribution to the University of the West Indies Fund immediately after the department approved the application. He executed the bank transfer according to the details from the department.

Oath. The investor personally takes the oath before receiving a passport and naturalization certificate. Previously, the procedure took place only in Antigua and Barbuda. Since February 2021, taking the oath has been allowed in the official representations of Antigua and Barbuda in other countries.

On April 27th, 2021, Fedor and his family took the oath of office at the Honorary Consulate of Antigua and Barbuda in Moscow. The immigrant Invest lawyers helped them to arrange a meeting at the consulate.

Passports and naturalization certificates. The family received their passports and naturalization certificates by mail three weeks later. Participation in the program took four months from the date of contacting Immigrant Invest.

25th of January,
Fedor signed an agreement with Immigrant Invest
+ 2 weeks

Immigrant Invest lawyers submitted documents to the Antigua and Barbuda CIP Unit
+ 2 months

Fedor received the approval of the CIP Unit and transferred the contribution

+ 2 weeks

The CIP Unit confirmed the enrollment of the contribution
+ 1 week

Fedor took the oath at Consulate of Antigua and Barbuda in Moscow
18th of May,

Fedor and his family received certificates of naturalization and second passports

25th of January, 2021
Fedor signed an agreement with Immigrant Invest
+ 2 weeks
Immigrant Invest lawyers submitted documents to the Antigua and Barbuda CIP Unit
+ 2 months
Fedor received the approval of the CIP Unit and transferred the contribution
+ 2 weeks
The CIP Unit confirmed the enrollment of the contribution
+ 1 week
Fedor took the oath at Consulate of Antigua and Barbuda in Moscow
18th of May, 2021
Fedor and his family received certificates of naturalization and second passports

Family plans for the future with an Antigua and Barbuda passport

Investors must spend at least five days in Antigua and Barbuda the first five years after receiving a passport for investment. This is one of the conditions of the program.

Fedor’s family plans to relax in the country of second citizenship in September 2021. During the trip, they will visit the University of the West Indies. Fedor and his daughter want to personally find out the conditions for admission and receiving a scholarship.

In June 2021, the couple will travel to the UK. They want to find private schools with a technical bias for their sons. As Caribbean citizens, the children will be able to enroll in UK universities in the future on preferential terms.

Fedor planned several meetings with European partners as soon as he received his Caribbean passport. He bought his parents a ticket to a medical resort in Switzerland, where they will go in August 2021.

Antigua and Barbuda citizenship by investment: the University of the West Indies campus

Fedor’s daughter is going to study banking at the University of the West Indies in Antigua and Barbuda. She will live in a dormitory on campus

Antigua and Barbuda citizenship by investment to travel visa-free in the UK

Fedor and his wife are thinking of sending their children to study in Manchester. The city is home to one of the top British schools for boys, The Manchester Grammar School, and the country’s leading technical university, The University of Manchester

Antigua and Barbuda citizenship by investment to travel visa-free in Switzerland

Fedor's parents will go to rest and be treated at Lake St. Moritz. With an Antigua and Barbuda passport, they will not need a visa to travel to Switzerland

Antigua and Barbuda citizenship by investment: the University of the West Indies campus
Antigua and Barbuda citizenship by investment to travel visa-free in the UK
Antigua and Barbuda citizenship by investment to travel visa-free in Switzerland

All the opportunities that an Antigua and Barbuda passport opens up can be found in the article “Antigua and Barbuda Citizenship: A Detailed Guide for Investors”.

Immigrant Invest is a licensed agent for government programs in the European Union and the Caribbean.

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