Antigua lowers citizenship by real estate investment by half!

Antigua lowers citizenship by real estate investment by half!

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!

 

October 21, 2020
CBIU Head Confirms No Plan for Dominica Residency by Investment Programme

Head of Dominica’s Citizenship by Investment condemns the misinformation posted on the YouTube regarding Dominica Residency by Investment Programme. The news is based on prejudices as an instrument of manipulation. The YouTube video described a hypothetical new residence by investment programme to allow applicants invest a minimum of US$50,000 in an existing government-approved company or […]

October 9, 2020
List of Best Countries to Immigrate From India

Better quality of life, employment opportunities, and money are the basic purpose of immigration. But many are incorrect to believe that this is a distant dream. Many financially prosperous countries have been forced into unstable circumstances by a global downturn where doors are closed to immigrants. But one man's loss is another man's benefit, as […]

October 9, 2020
Best Countries for Indian students in 2021

No doubt, studying abroad at the top university is an amazing experience in everyone's life. The experience of studying abroad not adds boosts your professional career but also makes you more responsible. In the past, it was tough to study at the top university of the choice due to various issues of visa, and immigration […]

October 9, 2020
List of Best Countries for Immigration from India

The author of this quote has beautifully explained the true meaning of immigration. As we all are immigrants and revolutionists, wanting to migrate to one more country in the world. But when we decide to immigrate to a location, we have to consider a lot of factors before deciding on the country where they want […]

DUBAI OFFICE

Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

phonefaxpaper-plane linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram