Antigua & Barbuda has announced changes to the required investment for their real estate program and dependent requirements. The changes help to keep the Antigua & Barbuda citizenship program competitive in light of the ever-changing Caribbean marketplace.
Effective May 1st, 2018, the government has launched a Limited Time Offer (LTO), as part of its real estate option. While the minimum total investment remains at $400,000 USD, two applicants from “related parties” can make a joint investment, with each applicant investing a minimum of $200,000. This offer will be available until October 31st, 2018.
Five Year Renewal:
Previously, successful CIP applicants where required to renew their passport after five years and pay due diligence fees as part of the renewal process. The government has now removed those due diligence fees on passport renewals.
Antigua and Barbuda has approved a few changes to the rules for dependents. The minimum age of dependent parents has been reduced from sixty-five (65) to fifty-eight (58).
In addition, they have removed the requirement for dependent children under the age of 18 to visit Antigua and Barbuda. For those over 18, the requirement has not changed, they must spend five days in the first five years. Upon reaching the age of 18, the residency requirement must be fulfilled as well as the requirement to swear an oath or pledge allegiance.
To get more information on the Antigua and Barbuda Citizenship by Investment Program and the new changes, be sure to request your free, no-obligation consultation today.