Antigua and Barbuda Announces Reduction in Citizenship Investment to $100,000 for Family of 4
October 18, 2017 - News Antigua and Barbuda
The Govenment of Antigua and Barbuda has stated its intention to reduce the investment threshold for the National Development Fund option of its Citizenship by Investment Program by 50% to USD100,000 for a family of up to 4 persons (from USD200,000) and USD125,000 for a family of 5 or more (from USD250,000).
There will be no change to processing fees and due diligence fees.
The legislative amendments required for this change to officially take place are expected to take approximately 4 weeks to complete - the date on which this change will come into effect will be announced once all legalities are fulfilled.
The CBI Unit has since announced that it will start accepting applications under the new investment structure starting November 1, 2017.
The announcement, which was made late last week by Prime Minister Gaston Browne, stated that the proposed new investment structure was the result of extensive research undertaken to ensure that the Antigua and Barbuda citizenship by investment maintains its market share by staying competitive and flexible to evolving demands.
The prime minister said the policy adjustment was necessary to earn essential revenue to rebuild Barbuda, which was devastated during the intense hurricanes that struck the twin island nation last month.
If you have any questions regarding the Antigua and Barbuda CBI, email [email protected] or fill in the below form and our team will be glad to assist you with your request.
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