Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. With some 365 beaches of clean turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise and considered to be one of the most beautiful places in the world. As a result, tourism is the key driver of 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 the United Nations, the British Commonwealth, Caricom and the orgazation of American States (OAS) among many other international organizations. Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 131 countries, including the U.K., Canada, and the countries of the Schengen area.
The Citizenship by Investment Unit (CIU) was established by the Honourable Prime Minister of Antigua and Barbuda 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.
The management of Antigua Sustainable Aquaculture Limited is pleased to provide this project for sustainable fish growing. With the appropriate government approvals in place, this Antiguan company has been founded and endorsed as a Citizenship by Investment (CIP) Project. Our environmentally friendly approach to aquaculture can offer significant economic growth in a new industry that will diversify the economy. Our goal is for this project at maturity is to add more than 10% to the Gross Domestic Product (GDP) of Antigua while creating more than 400 new local jobs.
Antigua Sustainable Aquaculture intends to scale offshore fish production in Antigua to over 8,000 tons per annum of sashimi grade fish. This production will initially start with Kampachi, but may further diversify into other species in the future. The fish will be sold to regional resorts and the booming South American market as well as US distributors to capture part of the growing $20.2 billion dollar US seafood import market.
The venture proposed is designed to be a profitable business with significant local economic impact. While initial investment is required, this profitable venture should continue to sustain jobs and grow investor wealth without ongoing infusions of capital.
The venture proposed is carefully planned to avoid any measurable detriment to the environment such that operations can continue perpetually, or even provide environmental and societal benefits. It is specifically planned to be synergistic with the fishing industry.
This effort will require a total investment of around $39 million. Based on initial discussions with the US Overseas Private Investment Corporation (OPIC), our goal is to combine $20 million of Investor (Government of Antigua and Barbuda and Principals) and CIP funds, with up to $19 million of OPIC debt, as required, to further compound the return for CIP investors. The proposed plan is tailored to produce a cash flow positive farm in less than four years, with a CIP investor return of 6%. Returns will vary somewhat based on the investment phase of the project.
The ASA Team boasts a senior international staff with years of bespoke product design and management experience. The product development team hails from senior management positions in the top companies in Europe and the United States. Their ability to implement product development and distribution utilizing cost efficient solutions is unsurpassed in the industry.
Sustainable seafood as is a growing world need. Antigua Sustainable Aquaculture (ASA) was formed to address this need with leading and innovative practices in Antigua.
Together our team combines the best of ﬁnance, technology, biology & training for the most advanced approach in sustainable seafood production. Our expert team can instantly provide you with more information about the Citizenship by Investment Project. Simply fill the enquiry form by clicking below and one of our agents will get in touch with shortly.
InnovaSea Systems manufactured and patented the AquaPod net pen system shown in this website. The president of the company holds an M.S., Mechanical Ocean Engineering degree from the University of New Hampshire where his research on scale model submersible fish pens was a catalyst for the open ocean aquaculture program. A noted open ocean aquaculture systems expert, he presents worldwide on the latest developments in the fish farming industry and has briefed subcommittees for the U.S. House of Representatives and the U.S. Senate.
AKVA group is a leading technology and service partner to the aquaculture industry worldwide. AKVA Group’s founder invented the world’s first centralized feeding system for fish farms in 1980. The company is present in all markets with offices in Norway, Chile, Denmark, Scotland, Iceland, Canada, Australia and Turkey. AKVA group holds strong, well-known brand names and the product line range from feed barges, steel & plastic cages, feed systems, nets, net cleaning, underwater lights, feed cameras, environmental sensors, production and process control software, workboats, recirculation systems, PE piping to the latest management and operations technology.
Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 131 countries, including the U.K., Schengen states, Canada Hong Kong, Singapore and South Africa.