1. The Government of Antigua and Barbuda has re-introduced the Limited Time Offer. (NDF)
Applications received for the NDF investment option requires a contribution of US$100,000 for a family up to four, or US$125,000 for a family of four and plus.
A government processing fees of US$25,000 is required for a family up to four. An additional US$15,000 is required for each additional dependent.
Standard due diligence fees and passport application fees will apply and the Government of Antigua and Barbuda reserves the right to withdraw this offer without prior notice and at their discretion.
2. Real Estate:
To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least US$ 400,000 plus the payment of government processing fees and due diligence fees.
In addition, two or more applicants who have executed a binding sale and purchase agreement may apply jointly for citizenship by investment provided that each applicant contributes the minimum investment of US$ 400,000.
Beneficial ownership of real estate is permissible through a non-profit company provided that the company has issued all of its authorized shares to the applicant(s), is established and is in good standing under the laws of Antigua and Barbuda, is not an exempt or offshore entity and submits irrefutable evidence as to its beneficial ownership, which evidence shall be certified by the Registrar of Companies.
As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, unless purchasing an alternate officially approved real estate property in Antigua and Barbuda.
An application for citizenship by investment under the real estate investment option can be submitted to the Citizenship by Investment Unit (CIU) when a binding purchase and sale agreement has been signed with the developer of an approved project, which will be subject to the granting of the citizenship application.
Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fee. On receipt of a letter of approval you will be asked to pay the balance of the government processing fee and all sums due to the developer under the sale and purchase agreement to enable title to be registered in your name and allow for implementation of the proposed real estate investment in accordance with the guidelines established by the Citizenship by Investment Unit (CIU).
Once received, a certificate of registration will be issued for both the primary applicant and their family members which will need to be submitted to the passport office with their application and any accompanying documentation.
Regulation 6 of the [Citizenship by Investment Act 2013] sets out the process by which real estate projects are approved for investment by applicants to the CIP. The Government will from time to time identify approved development areas. (R6.1) It will then approve specific projects within these areas. Approved projects are then eligible for investment by applicants to the Citizenship by Investment Program. (R6.2)
The list are approved areas for investment are:
Fort James to Blue Waters
Pillar Rock to Five Islands
Pearns Point to Johnson’s Point
Falmouth Harbour to Galleon Bay
Willoughby Bay to Half Moon Bay
Nonsuch bay area
Guiana Island and its environs to Crabbs Peninsula to Indian Point
Blackman’s Estate (Blackman’s Point)
Low Bay to Palmetto Point and Coco Point
3. Business Investment:
The Citizenship by Investment Unit (CIU) shall after consultation with the Antigua and Barbuda Investment Authority (ABIA) approve businesses, whether existing or proposed, for the purposes of investment in business under the Citizenship by Investment Program.
The two business investment options are:
Where a person proposes to make an investment in an approved business of at least US$ 1,500,000 on their own behalf.
At least two persons propose to make a joint investment in such an approved business totalling at least US$ 5,000,000, and each of those persons individually propose to contribute at least US$400,000 to the joint investment an application or application for Citizenship by Investment may be submitted on his, her or their behalf through an agent.
Any potential applicant(s) under this investment option is/are advised to make contact with the ABIA to discuss their proposal.
Once approval of the business investment has been given, the CIU will consider applications for citizenship. The application process is similar to that of the NDF, namely, upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fees. Upon receipt of a letter of approval you will be asked to pay the balance of the government processing fees and your business investment amount within a 30 day period. Due to the potential varied nature of such investments any escrow agreement will be negotiated between the parties yet transfer of the investment sums must be made within a 30 day period from issuance of an approval letter.
Once received, a certificate of registration will be issued for the both the primary applicant and their family members which will be submitted to the passport office with their application and any accompanying documentation.