Citizenship by Investment Updates - Antigua and Barbuda
April 2, 2020 - News Antigua and Barbuda
Limited Time Offer – Reduced Fees for the Addition of Dependent Children Until October 31st 2020.
The Antigua and Barbuda Citizenship by Investment Unit in February 2020 approved a Limited Time Offer (LTO) on fees for the addition of dependent children to approved applications as follows:
Dependents aged 0 – 5 years – $10,000.00
Dependents aged 6 – 17 years – $20,000.00
The LTO and will expire 31st October, 2020.
Changes in processing fees for citizenship investment through the NDF, Real Estate and Business Routes
Processing fees for the NDF option have been increased from US25,000 to US30,000 for a single applicant up to a family of up to 4 persons. The investment contribution remains at US100,000 for a single applicant up to a family of 4.
Processing fees for applications made through the real estate and business investment routes have been reduced from US50,000 to US30,000 for a single applicant up to a family of 4 persons from April 1, 2020. The investment contribution remains at US400,000, while the allowance for two applicants to co-apply at US200,000 remains.
Right to resell property to subsequent CIP applicants
CIP investors have now been granted the right to resell their property in the form of a share or a unit to a new CIP applicant, granting them the same rights to apply for citizenship. Resale of a property to a new CIP investor can only be done once. Subsequent sales must be to non-CIP applicants. The move is expected to maintain the resale value of the property and protect investors long-term interests.
Change for Applicants on the Restricted Countries List
The Antigua and Barbuda Citizenship Program has announced a change in restrictions for nationals from Iran, Somalia, Sudan, Iraq, Yemen and North Korea. Earlier applications would only be accepted if nationals of these countries had left their country of nationality before reaching the age of majority, maintain no economic ties with their country of nationality and have permanent residency status in the USA, Great Britain, Canada, the UAE, Saudi Arabia, Australia or New Zealand. Applications will now be accepted for these nationals as long as they reside in any country other than those on the Restricted Country List.
Antigua and Barbuda CIP Welcomes Applicants from Stateless persons
The Antigua and Barbuda CIP has become the first jurisdiction to offer stateless applicants from Kuwait, Saudi Arabia, UAE and Brunei the right to apply for citizenship through investment and has stated that each case will be reviewed on a case-by-case basis and the list “can be expanded or supplemented as necessary.”
Reminder to Apply for New ePassports Before June 30th 2020
All Antigua citizens are reminded that the deadline to renew their Machine Readable Passports is fast approaching and they should apply for the new ePassport as soon as possible. All old Machine Readable Passports will be deemed invalid after June 30th 2020 and cannot be used to travel. Only the new ePassports issued since April 2017 will be deemed valid for travel from July 1st, 2020.
Citizens are urged to apply for the new ePassports to avoid any disruption to future travel plans.
Support for Urgent Queries and Requirements from PassPro Immigration Services
PassPro Immigration Services is a Government-Approved agent of the Citizenship by Investment Units of Antigua and Barbuda, Dominica, St Kitts and Nevis, Grenada and St Lucia. If you need advice on the evolving travel situation with reference to visa-free entry to countries you are planning to travel to or require urgent assistance with renewing your passport, obtaining NOCs or adding dependents, etc. our team we will be happy to guide you on next steps to ensure your consular, travel and visa requirements are speedily addressed.
Email [email protected] or call +971 4 554 1449
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