ANGUILLA Trends and Developments Contributed by: Nina Rodriguez, Webster Legal
An Insight Into the Anguillian Real Estate Market in 2024 Introduction Anguilla’s reputation as a premier destination in the Caribbean and on the global stage continues to fuel significant growth in its luxury real estate market. Boasting pristine beaches, a laid-back tropical lifestyle, stunning seafront properties, and appealing tax advantages, Anguilla attracts both tourists and investors alike. Moreover, the evolving dynamics of remote work and lifestyle preferences, spurred on by the COVID-19 pandemic, have intensified inter - est in Anguilla’s property market. As individuals increasingly seek a lifestyle liberated from the confines of a single location, Anguilla emerges as a captivating option. Additionally, Anguilla remains an attractive investment prospect due to its status as a zero- tax jurisdiction. Void of direct taxation, including income tax, capital gains tax, inheritance tax, and corporate tax, Anguilla offers an appealing fiscal environment. Trends in the Anguillian real estate market Over the past year, Anguilla’s property market has witnessed remarkable expansion, largely driven by the flourishing tourism sector. The gov - ernment’s steadfast commitment to preserving Anguilla’s exclusivity and natural beauty, cou - pled with strategic investments in essential infra - structure upgrades, has played a pivotal role. Notably, recent improvements in transportation infrastructure, such as a modern ferry termi - nal and ongoing airport expansion plans, have instilled confidence among investors and facili - tated increased tourist accessibility. The soaring demand for Anguilla’s premium tourism offerings prompted American Airlines to
introduce daily flights directly from Miami since December 2021. This significant enhancement in air connectivity has resulted in a surge in tourist arrivals, subsequently driving demand for real estate, particularly in the villa rental market. A noteworthy trend emerging in Anguilla is the growing preference among visitors for unique travel experiences through vacation rentals on platforms like Airbnb and VRBO, as opposed to traditional hotel stays. This shift has created lucrative opportunities for property investors, further enriching the market’s diversity. Anguillian residency and luxurious living – the Residency by Investment Programmes Anguilla’s recently launched Residency by Investment Programmes to present enticing options for high-net-worth individuals seeking tax-efficient residency or permanent residency in a tropical haven. These initiatives have gained heightened interest among foreign buyers eager to establish deeper ties with Anguilla. The Residency by Investment Programme not only serves as a pathway to permanent residen - cy but also offers a route to British nationality, enhancing its appeal to global citizens. Similarly, the Residency for Tax Purposes Pro - gramme caters to successful entrepreneurs and investors seeking strategic tax planning solutions. These programmes, combined with Anguilla’s robust regulatory framework and flexi - ble financial planning options, position the island as an ideal destination for wealth management and asset protection. Asset protection opportunities Anguilla is widely recognised as a promising destination for those seeking avenues for wealth management and asset protection. Among the various financial strategies available, offshore
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