Act Now: New Antigua Citizenship Investment Rules Revealed

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Have you heard about the upcoming changes to the Antigua & Barbuda citizenship by investment program? The recent updates to the minimum investment thresholds are crucial for prospective applicants to understand. Here’s a detailed breakdown of the new requirements and timelines.

Updated Minimum Investment Requirements

In March, leaders from the five Caribbean Citizenship by Investment Programs (CIPs) convened and agreed on several changes, including an increase in the minimum investment thresholds for all participating countries. The latest memorandum from the Antigua & Barbuda Citizenship by Investment Unit, received yesterday, highlights the following key changes:

  • Donation Route: The minimum investment level will increase from $100,000 USD to $230,000 USD for a family of up to 4 people, and $245,000 USD for a family of 5 or more.
  • Real Estate Investment: The minimum investment level for property investment is rising from $200,000 USD to $325,000 USD.
  • University of the West Indies (UWI) Fund: The UWI option will now require a minimum investment of $300,000 USD.
  • Processing Fees: The processing fees remain the same at $30,000 USD for a single applicant up to a family of 4. For families of 5 or more, the processing fees have been reduced to $10,000 USD for each additional dependent.

Implementation and Deadline

These changes will come into effect in Antigua & Barbuda following an additional 30-day parliamentary approval process. The new thresholds are anticipated to be officially implemented by July 30th, 2024. Applications submitted after this date will need to meet the increased minimums.

Ensuring a Smooth Application Process

To streamline the application process, the Antigua & Barbuda Citizenship by Investment Unit has outlined the minimum required documentation:

  • Forms and Identification: Fully completed and signed forms, copies of passport biographical page, another form of government-issued ID, birth certificates, and all valid visas.
  • Address Verification: Recent utility bill (issued within the last 3 months), signed lease agreement, or documents of title.
  • Income Verification: Employed individuals must provide a letter of employment and recent pay slips (most recent 3 months). Self-employed individuals need to submit a share certificate or recent share register, letter/certificate of Good Standing, recent financial statement, and the most recent 12 months of online bank statements.
  • Net Worth Confirmation: Bank holdings (most recent 12 months of online bank statements), investment holdings (most recent investment account statement issued within the last 6 months), and real estate documents of title or recent valuation.
  • Additional Documents: Affidavit of consent from parents of minors, investment agreements for real estate and business investment applications, and documentation for third-party fund submissions.

Within 21 days of uploading an application with the required documentation, physical documents must be submitted to the Unit. These additional documents include:

  • Certified colored copies (or apostilles where applicable) of machine-readable ID documents.
  • Fully completed and signed passport forms.
  • Bank reference letter, professional reference, sworn affidavit of support for each dependent over 18 years of age, and recent passport-size color photos of the applicants and dependents.
  • Original excerpt of full birth record or certified copy of full birth certificate, original police certificate from any country where the applicant has lived for more than 6 months, and certified copy of proof of name change (if applicable).
  • Original excerpt of marriage record or certified copy of marriage certificate, and certified copy of divorce documents (if applicable).

Act Now to Avoid Higher Investment Requirements

If you are currently gathering your application paperwork, there is still time to submit your application before the new deadlines. Acting quickly can help you avoid the increased investment thresholds. There are several available real estate options you can consider before the cut-off date. Contact us now to act swiftly.

These updates highlight the value of the citizenship by investment opportunity and represent a positive move for the region. We expect further developments, including potential increases and additional residency requirements in the future. Stay tuned for more updates in our upcoming communications.

Now is the time to act. Set up a free consultation with Citizens International can help you secure your future in Antigua, ensuring your privacy and security every step of the way.

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