While it is true that Barbuda endured significant damage during this year’s hurricane season, Prime Minister Gaston Browne noted that the island of Antigua, was relatively lucky in comparison. But this devastation still causes a significant economic setback for the island of Antigua, because Barbuda is heavily subsidized by Antigua.
While other countries have also reduced the cost of their programs, it was important that Antigua & Barbuda made a significant reduction to their donation option, not only to remain competitive, but to help provide the much needed funds for the Barbuda recovery effort in a timely manner. The funds will be used to help promote sustainable development and infrastructure on the islands.
The newly reduced fee option for Citizenship via Investment through Antigua and Barbuda entails a minimum investment of $100,000 USD in the National Development Fund for a family of four and $125,000 for a family of 5 (plus applicable fees). In comparison, Citizenship via Investment through real estate in Antigua and Barbuda costs $400,000 USD, or the business establishment option requires an investment of $1.5 million USD into an approved business with the opportunity of investing in a joint option whereby each investor must contribute $400,000 USD with the total group investment equalling $5 million USD.
The changes to the programme, make Antigua & Barbuda the most affordable program in the Caribbean for a family of four. Applicants can feel good knowing that in addition to receiving an incredible price, they have also aided a country in need.
For more information on investment criteria visit: Elevay Antigua & Barbuda Citizenship via Investment.