The Antigua & Barbuda Citizenship by Investment Unit (CIU) will implement amendments to its Citizenship by Investment Program (CIP) regulations starting August 1, 2024.
These changes, announced by CIU CEO Charmaine Donovan, affect the definition of dependents, allow for an alternate main applicant, and revise minimum investment thresholds and fees.
These amendments follow a Memorandum of Agreement (MoA) signed by five OECS territories operating CIPs. Although the MoA set a minimum investment threshold of US$200,000 by June 30, Antigua & Barbuda requested an additional 30 days for parliamentary approval.
The new regulations permit a main applicant to designate an alternate main applicant, who must be at least 18 and authorized to act on their behalf if needed.
Revised fees include increased processing and due diligence costs. The new minimum investment thresholds are higher than the proposed US$200,000 but lower than those detailed in the CIU’s June 27 memo. For example, the NDF option is US$230,000 for a family of four and US$245,000 for larger families, while the UWI Fund and Real Estate options are US$300,000 and US$325,000, respectively.
The legislative delay provided Antigua & Barbuda time to reassess and potentially adjust its pricing within the regional framework.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
The countries in the ECCU with the abbreviations X & Y will still sell below the agreed threshold.
Give those Passports to the Hucksters down at The Bridge to sell.They would do a damn better job than those so called professionals.
Comments are closed.