The Cabinet of Antigua and Barbuda CIB has come up with a limited period offer for the real estate Investors, a once in a lifetime opportunity who have been planning to invest in property assets in the country. The Limited Time Offer (LTD), is aimed to attract more investors by reducing the cost to half for a joint investment, with USD 200,000 to be paid by each of the two applicants for a pre-approved real estate development project worth minimum USD 400,000.
Antigua Lowers Citizenship by Real Estate Investment to USD200,000 with Limited Time Offer
After St Kitts and Nevis Hurricane Relief Fund which ended in March 2018, its Antigua and Barbuda bringing on table a truly palatable offer for the investor citizens who are eyeing to purchase real estate in the Caribbean island nation. The details of this offer are cited here under.
Effective from May 1st, 2018, this offer is aimed specifically for Investors who are interested in picking the Real Estate option of the country’s Citizenship by Investment Program. The Limited Time Offer (LTD), under the Real Estate option allows two (2) applicants (related parties) to make a joint investment of minimum US$ 200,000 each to be able to qualify for it. The offer is valid only till 31st October, 2018.
Along with this, there are a few key changes made to the CBI of Antigua and Barbuda in the Cabinet meeting held in April, 2018, which include the following-
- The applicant is no longer required to pay additional due diligence fee at the time of Passport renewal after 5 years of holding the citizenship of the country.
- The cabinet also reduced the age of dependent parents from 65 to 58 years.
- The cabinet also exempted dependents under 18 years of age to visit the country during first 5 years of holding the citizenship. However, after attaining the age of 18, a dependent is required to fulfill all necessary requirements including the oath of allegiance.
The catch to be noted here is that the minimum investment for real estate option remains US$ 400,000 for any pre-approved property development area. Other charges including the property registration, processing fees and due diligence fees and taxes to be paid at the time of application submission remain as it is. In addition, the condition of maintaining the investment for minimum 5 years after the purchase also remains the same.
This offer is definitely an opportunity to rejoice for second citizenship aspirants who missed the St Kitts and Nevis offer that ended with March, 2018. Although, this Antigua and Barbuda offer is completely different in nature from the Hurricane fund offer St Kitts and Nevis launched in the first quarter of 2018, it is no less a golden opportunity for the investors who are planning to obtain Caribbean citizenship at an all-time low cost.
To know more about the Citizenship by Investment Program of Antigua and Barbuda, Click Here!