[ Published December 20, 2017 by Natalia Zakharova ]
The Antigua & Barbuda Citizenship by Investment Unit has this morning announced that applicants to the Antigua citizenship by investment program may include child dependents up to 29 years of age. The maximum age was previously up to 26 years old.
According to the Antigua & Barbuda Citizenship by Investment Program, a main applicant can include in the application:
- a spouse
- a child of a main applicant or spouse who is under 18 years
- a child of a main applicant or spouse who is at least 18 years and less than 29 years of age and who is in full time attendance at a recognised institution of higher learning and fully supported by the main applicant
- parents or grandparents of the main applicant or his or her spouse, who are above the age of 65 years living with and fully supported by the main applicant
The Antigua & Barbuda CIP is the most efficient program in the Caribbean region, however it is also one of the most conservative when it comes to the age of dependents, due to their intention to keep the program and the due diligence requirements firm and up to international standards. Neighbouring CIP jurisdiction St Kitts & Nevis increased the age of permitted dependent children to 30 years in early 2017, similar regulations were introduced in Dominica as a limited-time offer after the devastating hurricane season. The higher age of permitted child dependents suits HNWI families, whose children may be more likely to spend extra years studying in prestigious private schools or undertaking charity or volunteer work.
Introduced by the Antigua Government in 2013, the nation’s Citizenship by Investment Program was ranked #1 by The Global Residence and Citizenship Program Report in 2017. The program allows wealthy individuals from all over the world to obtain citizenship from a neutral independent Commonwealth country within only 3-4 months, and benefit from the extensive visa-free travel, personal and wealth protection opportunities, as well as from the lucrative investment opportunities in Antigua & Barbuda. Applicants may choose to make a non-refundable donation to the National Development Fund, or to purchase real estate in a government-approved project, or to invest in an approved business enterprise.
For a personal consultation, please contact Citizens International at [email protected] or by calling our head office in Antigua +1 268 562 8585.