The Antigua & Barbuda Citizenship by Investment Program is ranked #1 in the Caribbean by The Global Residence and Citizenship Program Report (GRCP) 2017–2018, and the government is determined to ensure the program remains the top choice for international investors seeking second citizenship.
The citizenship investment unit announced further incentives and streamlining this week effective immediately. The changes are as follows:
The minimum investment for a whole ownership CIP-approved property remains at US$400,000. However, until 31st October 2018, applicants can base their applications on a property share with a minimum value of US$200,000.
An approved property can be therefore split into two or more shares of minimum US$200,000 each, and each share qualifies the purchaser to make an application to the citizenship by investment program. All processing and due diligence fees remain unchanged.
The requirement to pay due diligence fees at the five year passport renewal has been removed.
The age of dependent parents who can be included in an application has been lowered from 65 to 58 years.
Minor dependent children do not need to come to Antigua & Barbuda for their mandatory one-time 5-day visit until they reach 18 years old.
One of the most successful CIP-approved real estate projects in the Caribbean is Tamarind Hills Resort, which will be offering qualifying half shares in their studio apartments under the Limited Time Offer until October 31, 2018.
For more information on citizenship in the Caribbean, please contact us.