Facts
The two Caribbean islands totaling 442 square kilometers make up the nation of Antigua & Barbuda. They are the ninth-largest country by size in the Caribbean and have a population of over 80,000. The country boasts its white-sand beaches and azure waters. Notable individuals who have chosen to invest in winter homes include Oprah Winfrey, Eric Clapton, and more.
Advantages
– Application processing within three to four months
– Inclusion of dependent children under 28 and parents or grandparents over 58
– No requirement to travel to Antigua & Barbuda during application process
– No interview, education, or managerial experience required
– Visa-free travel to 150 countries
– No tax on worldwide income
Qualifications
– Outstanding character
– No criminal record
– Excellent health
– High personal net worth
– Reside with the family included in the family in the country for a minimum of 5 days within 5 years
Requirements/ Obligations
(A) National Development Fund Contribution or Charitable Donation
Minimum contribution of USD$100,000 (non-refundable)
(B) Real Estate Development
Purchase of real estate with a minimum value of USD $400,000 from an approved real-estate project
The real estate cannot be disposed of within 5 years
(C) Business Development
Direct purchase of an eligible business for minimum USD $1.5 million individually, or joint where each person contributes at least USD $400,000, a minimum total of USD $5,000,000
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Process
– Citizenship-by-Investment Unit (CIU) processes the applications.
– May request an interview if deemed necessary
– CIU undertakes strict due diligence checks
– Applicant must apply on prescribed government forms which can only be submitted through an agent who is the hold of a CIU program license
– The application must be completed in English
– Estimated processing time is three to four months
– Real estate option timeframe may vary depending on the project
Key numbers/ Figures
– Processing fee for NDF option is USD $25,000 for family of four; USD $15,000 for each additional member
– Processing fee for Real Estate option is USD $50,000; USD $15,000 for each additional member
– USD $7,500 for due diligence fees for main applicant and spouse, USD $2,000 for dependent child between 12 to 17 years of age, USD $4,000 for dependent child between 18 to 28 and dependent parent over 58
