On the 9th March, 2020, the Antigua and Barbuda Citizenship by Investment Unit (CIU) issued a circular announcing updates to its programme. The changes aim to make the real-estate option more attractive as traditionally the donation option has been the most popular.
The changes are as follows:
It is now possible for you to qualify by purchasing a whole ownership unit at the $200,000 investment level
Government processing fees for the real-estate option drop from $50,000 to $30,000 USD for a family of up to four
CIU processing fees for the National Development Fund Options (donation) rise from $25,000 to $30,000 for a family with up to four members
Iraq is no longer on the restricted country list
Rigorous restrictions remain in place if you’re applying from Iran, North Korea, Somalia, Sudanes, or Yemen. However, you’ll now be able to apply if you have been a resident of any other non-restricted country for at least 10 years and have no financial ties to any restricted country.
RIF Trust is confident that these programme changes will positively impact you when investing in qualifying real estate and further support the local economy.
To learn more about the Antigua and Barbuda CIP, don’t delay and contact us today.