Barbuda: The Caribbean Region's Best-Kept Secret

The Caribbean is a popular destination for wealthy travellers seeking relaxation, luxury, and beauty. Among the numerous islands in the region, Barbuda has recently emerged as a contender for the title of the Caribbean’s next haven for the ultra-wealthy. Nestled between the islands of St. Barths, Antigua and Nevis, Barbuda is poised to become one of the most exclusive and sought-after destinations in the region.

Barbuda has an interesting history intertwined with that of Antigua, its larger neighbour to the south. The two islands form the nation of Antigua and Barbuda, which gained independence from Britain in 1981. Barbuda is much smaller than Antigua, with a population of only about 1,500 people. The island’s history is characterized by the struggle of its residents to maintain control over their land and their way of life.

Here is a quick overview of why Barbuda is poised to become one of the most exclusive Caribbean destinations for wealthy families and HNWIs in Canada, the United States and the United Kingdom.

UK Privy Council Land Claim Ruling:

One significant event in Barbuda's recent history is the Privy Council ruling of 2022, which gave the government of Antigua and Barbuda the right to control the land in Barbuda rather than the island’s 1500 residents. This ruling was controversial, as many residents of Barbuda had long held communal ownership of the land, which they used for fishing, farming, and other traditional activities. The ruling was seen by some as a threat to the island’s way of life, and it raised concerns about the potential for large-scale development that could displace local residents and damage the island’s delicate ecosystem.

However, the government of Antigua and Barbuda always considered the land crown land. The Privy Council ruling has paved the way for the development of Barbuda, which could bring in billions of dollars and transform the island into a high-end destination for the ultra-wealthy. 

Stunning Landscapes and Untouched Beauty:

Barbuda is known for its stunning landscapes and untouched beauty. With miles of pristine white sand beaches, crystal-clear waters, and lush green forests, the island is a paradise for nature lovers and outdoor enthusiasts.

The island’s beaches are some of the most beautiful in the Caribbean, with long stretches of soft white sand and calm turquoise waters. The most famous of these is the 11-mile-long pink sand beach, which is lined with coconut trees and provides a perfect backdrop for sunbathing, swimming, and water sports.

Inland, the island is home to a variety of wildlife, including deer, wild pigs, and a wide variety of bird species. The island’s natural beauty is one of its most compelling features, and it has the potential to attract wealthy investors who value privacy and exclusivity in their vacation destinations.

New Luxury Developments:

The first large-scale luxury development in Barbuda is being co-developed by Development Land Company, a US-based developer, and an Italian company, Oetker Collection, which is known for its luxurious properties around the world. The Barbuda Ocean Club spans over 500 acres of pristine beachfront property and will include a collection of private villas, a marina, a golf course, and the Nobu restaurant. Nobu Barbuda is the latest addition to the iconic Japanese restaurant chain, co-founded by celebrity chef Nobu Matsuhisa and actor Robert De Niro. The restaurant is expected to showcase the island’s local seafood and flavours, providing a unique culinary experience for guests.

The potential of the Barbuda Ocean Club and Nobu Barbuda to bring significant economic benefits to the island cannot be overstated. The development is expected to attract wealthy investors and luxury travellers from around the world who are looking for a high-end vacation experience in a serene and unspoiled setting. The island’s natural beauty, with its pink sand beaches, crystal-clear waters, and thriving coral reefs, provides an unparalleled backdrop for a luxurious getaway.

The development plans are not without their challenges and controversies, however. As with any large-scale development project, there are concerns about the potential impact on the island’s fragile ecosystem and the displacement of local residents. The controversy over the Privy Council ruling has highlighted the need for a balanced approach to development in Barbuda that takes into account the needs and rights of local residents.

Despite these challenges, many on the island are optimistic about the potential of the Barbuda Ocean Club and Nobu Barbuda to bring much-needed investment and job opportunities to the island. The development is also expected to raise the profile of Barbuda as a high-end destination, attracting more investment and development in the future.

Another factor that could further.

Tiger Woods Designed 18-Hole Golf Course:

Barbuda’s new golf course is a major addition to the island’s tourism infrastructure and a significant step towards its development as a luxury destination. The 18-hole golf course will be designed by legendary golfer Tiger Woods and his company TGR Design. The course is set to be one of the most prestigious golf courses in the Caribbean, offering players breathtaking views of the island’s natural beauty and a challenging course that will test even the most skilled golfers.

The golf course will be part of the wider Barbuda Ocean Club development, which will include a luxury hotel, villas, and other amenities. The project is expected to attract significant investment in the region and create new job opportunities for local residents. The golf course is set to be a major draw for tourists and high-net-worth individuals looking for an exclusive golfing experience in the Caribbean. With its stunning natural landscapes and world-class facilities, Barbuda’s new golf course is sure to cement the island’s reputation as a luxurious and exclusive destination for the affluent.

Low-Tax Environment for Wealthy Families and HNWIs

Antigua and Barbuda is known for its low tax environment, which has made it an attractive destination for investors and entrepreneurs looking to establish offshore companies. The country’s tax laws are designed to attract foreign investment, with no income tax, no capital gains tax, no inheritance tax, and an IBC regime that avoids tax on foreign-sourced income. This has created a business-friendly environment that is conducive to growth and innovation.

In addition to its low tax environment, Antigua and Barbuda has other attractive features that make it an ideal destination for investment. The country has a stable political system and a well-regulated financial sector, which provides investors with the confidence they need to make long-term investments. It also has a skilled and educated workforce, which is essential for companies looking to establish operations in the region.

The government of Antigua and Barbuda has also been actively promoting foreign investment in the country, with a range of incentives and initiatives designed to attract investors from around the world. This includes the establishment of a Citizenship by Investment program, a fast-track tax residence program, free trade zones, tax breaks and other incentives for companies looking to establish operations in the country. The government has also been working to streamline the investment process, making it easier and more efficient for foreign investors to establish and operate businesses in the country. All these factors make Antigua and Barbuda an attractive destination for investment, providing ample opportunities for wealthy investors looking to establish a foothold in the Caribbean.

New International Airport

Barbuda’s brand-new Codrington International Airport is a significant milestone in the island’s development as a leading Caribbean destination. The new airport, which opened in April 2021, is part of a $110 million investment program aimed at upgrading the island’s infrastructure and boosting its tourism industry. The airport has the capacity to handle a high level of passengers and large jets annually and is expected to increase the island’s tourism arrivals significantly.

The airport’s modern facilities will eventually include a state-of-the-art terminal building, runway, and taxiways. The new airport will also have the capacity to accommodate larger aircraft, opening up new travel opportunities for visitors and investors alike. The airport’s strategic location makes it easily accessible from major cities in North America and Europe, making Barbuda an ideal destination for investors and high-net-worth individuals looking for a luxurious Caribbean getaway. The new airport is expected to provide a significant boost to the island’s economy, creating jobs and attracting new investment in a range of sectors, including hospitality, real estate, and tourism.

In conclusion, Barbuda is fast emerging as a leading destination for wealthy and high-net-worth individuals seeking exclusive, luxurious experiences in the Caribbean. With its stunning landscapes, low tax environment, and impressive infrastructure developments, such as the Barbuda Ocean Club and the new airport, the island is set to become the region’s next hotspot for elite travellers. As the world continues to emerge from the pandemic, Barbuda is poised to attract a new generation of discerning travellers looking for privacy, serenity, and exclusivity in their vacation destinations. With its untouched natural beauty, tranquil atmosphere, and abundance of investment opportunities, Barbuda is truly the ultimate Caribbean getaway for the discerning wealthy.

Bio

International Real Estate Investor and Entrepreneur — Founder @Offshore Freedom. Helping successful investors and entrepreneurs live and invest tax-free in the Caribbean and abroad.

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This article is for informational purposes only; it should not be considered financial, tax planning or legal advice. Consult a financial or investment professional before making any major financial decisions.