July 18, 2024
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Revolutionizing Antigua’s Citizenship Program: Exciting Updates After Regional Alliance!

Revolutionizing Antigua’s Citizenship Program: Exciting Updates After Regional Alliance!

The realm of Caribbean Citizenship by Investment (CIP) is undergoing significant changes, sparking modifications to Antigua & Barbuda’s citizenship by investment program. The recent signing of a monumental Memorandum of Agreement (MoA) by the Prime Ministers of Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis has set the stage for a new era in the region’s investment landscape.

With an effective date of June 30, 2024, the MoA ushers in a standardized minimum investment sum of US$200,000 across all participating nations. While some countries have swiftly embraced these adjustments, Antigua & Barbuda is on track to implement changes following Parliamentary deliberations, seeking an additional 30-day grace period.

In response to the agreed-upon modifications outlined in the MoA, Antigua & Barbuda will be rolling out several revisions effective July 30. Key adjustments to the citizenship by investment program include:

  • Donation Route: Elevating the minimum investment for the donation route from $100,000 USD to $230,000 USD for a family of up to 4 individuals, and $245,000 USD for larger families of 5 or more.
  • Real Estate Investment: Scaling up the minimum investment for property acquisition from $200,000 USD to $325,000 USD.
  • University of the West Indies (UWI) Fund: Requiring a minimum investment of $300,000 USD for the UWI option.
  • Processing Fees: Maintaining processing fees at $30,000 USD for a single applicant up to a family of 4, with a reduced rate of $10,000 USD for each additional dependent in families of 5 or more.

These changes are part of a broader effort to align the citizenship by investment programs in the Caribbean, ensuring consistency and coherence across the region. Antigua & Barbuda’s proactive approach to adapting to these developments reflects a commitment to upholding the integrity and competitiveness of its CIP.

As the citizenship by investment landscape continues to evolve, investors and stakeholders in Antigua & Barbuda are encouraged to stay abreast of these revisions to maximize the benefits and opportunities presented by the program. Embracing these changes will not only enhance the efficacy of the CIP but also reinforce the nation’s standing as a premier destination for global investors.

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