You were warned about the Caribbean Citizenship by Investment price increases that established a minimum $200,000 limit. However the 5 Organization of Eastern Caribbean States members offer variations across the range of options. For instance, we now know applicants will receive a grace period plus the total extent of the Antigua and Barbuda citizenship cost changes.
Charmaine Donovan is the Antigua and Barbuda Citizenship by Investment Unit CEO. She sent out a memorandum on Wednesday, June 26, 2024 entitled Programme Changes and Guidance on File Submission. This shares an “agreement to an additional 30 days to conclude” the “implementation of a minimum investment threshold”.
Donovan continues to reveal the final deadline for investors to obtain Antigua and Barbuda citizenship at the present pricing. Once their application has been registered online, the necessary physical documents and primary fees must arrive within 21 days. So that would extend the maximum grace period to 7 weeks in total.
To align with the MOA coordinated with Dominica, Grenada, St Kitts and Nevis, and St Lucia, you must now donate a minimum $230,000 to the country’s National Development Fund (NDF) to acquire Antigua and Barbuda Citizenship by Investment for a family of up to 4 members. Antigua and Barbuda will raise the minimum threshold to $245,000 for a family of 5+ members.
For property purchases, the minimum threshold increases from $200,000 to $325,000. The University of West Indies family-friendly option is now $300,000. To qualify by investing in a business, you will still need to commit at least $1.5 million as before.
Our Caribbean Citizenship by Investment specialist is Leila Bagheri. She justifies the reasoning for the Antigua and Barbuda citizenship cost distinctions. As Bagheri clarifies, “Investors are wise to the concept of different price tags.”
“There’s no value in Antigua and Barbuda labelling the University of West Indies (UWI) cost the identical amount as the NDF donation, for example. That’s a no-brainer for them? UWI represents the family package, it has a bigger reach and you anticipate having to contribute more.”
You have digested the new levels of Antigua and Barbuda citizenship. To guarantee you qualify before the grace period ends, you should next get in touch with an investment migration expert like RIF Trust. So, contact us now to find out how.