Saturday, November 23, 2024

Official: Antigua and Barbuda CIU cuts NDF investment by 50% from Nov 1, 2017

Antigua and Barbuda, effective from Nov 1, 2017 will reduce the NDF investment amount by 50%.

  • From $200,000 to $100,000 for a Family of Four
  • From $250,000 to $125,000 for a Family of Five or over

According to Official Announcement by the Antigua and Barbuda CIU,

The Government of Antigua and Barbuda has announced on Thursday, 12th October,
2017, its intention to reduce the investment threshold for the National Development Fund
(NDF) option, by 50%; from US$200,000 to US$100,000 for a family of up to four persons,
and from US$250,000 to US$125,000 for a family of five and over.

This policy adjustment has been informed by extensive market research and an
assessment of the Programme. The government realizes that, if the Programme is to
maintain its market share in the industry, it must be flexible and be able to respond to the
evolving demand dynamics.

The legal work required to effect this change will likely take up to four weeks.

We will advise of the effective date once the required legislative amendments have been
concluded.

Please be advised that processing and due diligence fees remain unchanged.

In another notice regarding the date CIU announced,

We wish to advise that the Unit will be accepting Citizenship by Investment (CIP) applications under the new investment structure, as of  1 November 2017

No changes in real estate or business investment amounts Antigua CIP.

Antigua and Barbuda citizenship by investment program is considered to be the ‘gold’ standard of the CIP programmes in the Caribbean.

Antigua and Barbuda citizenship is set to become the ‘cheapest’ in the Caribbean and will compete other CBI programs in St Lucia, Dominica on the same threshold of starting $100,000.

Antigua and Barbuda passport is ranked #30th powerful passport in the world, with visa free access to 136 countries according to Henley Visa Restrictions Index 2017.

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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