Antigua and Barbuda Citizenship by Investment

Wrapped between the Atlantic Ocean and the Caribbean Sea, reef-lined sandbanks and rain-forests teeming with life adorn the islets of Antigua and Barbuda. A cornucopia of secluded, pearly beaches – 365 in all – have for decades made the country a favoured hideaway of movie stars and yacht enthusiasts.

 

Columbus named the largest of the islands after the Virgin of the Old Cathedral, Maria de la Antigua, when he settled there in 1493. Center of the once thriving sugar industry and a former colony of both France and Britain, Antigua and Barbuda won independence in 1981 and became a Commonwealth member.

Investment Options

The Citizenship by Investment Unit (CIU), established by the Prime Minister of Antigua and Barbuda, offers prospective applicants three routes to citizenship:

A US$200,000 contribution to the National Development Fund

An investment in CIU-approved real estate of no less than US$400,000

At least two persons propose to make a joint investment in such an approved business totalling at least US$ 5M, and each of those persons individually propose to contribute at least US$400,000 to the joint                                                                  investment application.

Investments

National Development Fund (NDF)

 

The Finance Administration Act of 2006 established the NDF as a vehicle for raising funds for social improvement projects, charities, and public-private initiatives.

 

In order to qualify for citizenship under the program’s NDF option, an applicant with a spouse and up to two dependents must donate a minimum of US$200,000 to the NDF and pay a US$25,000 processing fee. A family of more than five must donate a minimum of US$250,000 and pay a processing of US$25,000 for the first four applicants plus US$15,000 for each additional dependent.

Business Investment

 

Applicants may qualify for citizenship by investing in ventures approved by the Antigua and Barbuda Investment Authority (ABIA), either as individuals or as part of a consortium. For a list of approved businesses, visit: http://cip.gov.ag/investment-options/business-investment/approved-business-projects/0

 

Applicants investing alone must commit no less than US$1.5M. If investing as part of a consortium, each applicant must commit no less than US$400,000 and the consortium’s total invested capital must amount to at least US$5M.

 

Once the investment proposal is approved, applicants may submit a citizenship application only after paying all due diligence fees and 10% of the government processing fees.

 

Within 4-8 months, successful applicants will receive an Approval in Principle, at which point he/she must pay the remaining balance of the government fees and finalize the business investment before obtaining the Certificate of Citizenship.

Real Estate Investment

 

Applicants may qualify for citizenship by investing a US$400,000 in CIU-approved real estate projects. For a list of approved projects, see http://cip.gov.ag/investment-options/real-estate/approved-development-projects/

 

Before submitting a citizenship application, the investor and property developer must enter into a binding purchasing agreement, subject to citizenship application approval. The applicant must also pay due diligence fees and 10% of government fees before the CIU will consider the application.

 

Within 4-8 months, successful applicants will receive an Approval in Principle, at which point he/she must pay the remaining balance of the government fees and finalize the property purchase before obtaining the Certificate of Citizenship.

Government and Processing Fees

All applicants, irrespective of investment option, must pay government and due diligence fees as detailed in the table:

Fees (in USD) Due Diligence Passport
Principle Applicant $7,500 $500
Spouse $7,500 $500
Dependants Age 0-11 No Fee $500
Dependants Age 12-17 $2,000 $500
Dependants Over 18 $4,000 $500

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