Antigua announces changes to CBI program with Limited time offer

On April 11, 2018, the Cabinet of Antigua and Barbuda approved 3 major changes to the Citizenship by Investment Program (CBI).

The Limited Time Offer is effective May 1^st and ends on October 31^st, 2018.

The Cabinet announced the following changes officially on May 14 to amend the CBI program with Limited Time Offer.

1. Real Estate

To introduce effective 15 May, 2018, a Limited Time Offer (LTO) under the Real Estate option. The minimum investment remains at USD 400,000. However, until 31st October, 2018, two (2) applications from related parties can make a joint investment, with each applicant investing a minimum of USD 200,000 in order to qualify. All processing and due diligence fees remain unchanged.

2. Remove Due Diligence Fee

• To amend the CIP legislation to remove the requirement to pay due diligence fees at the five (5) year passport renewal.

3. Dependents Age Reduction

To amend the CIP legislation to:

• Reduce the parental dependents age from sixty-five (65) to fifty-eight (58);
•  Remove the requirement for dependent children under 18 to visit Antigua and Barbuda for five (5) days in the first five (5) years. Upon attaining the age of eighteen (18), the residency requirement must be fulfilled as well as the requirement to swear an oath or pledge allegiance.

4. Authorised Representatives, Approved Real Estate Developments and Investments in Business

To implement, with immediate effect, an application and annual renewal fee of USD 5000 on the Programme’s Authorised Representatives, Approved Real Estate Developments and Investments in Business

Source: https://migronis-citizenship.com/blog/antigua-and-barbuda-passport-purchase-real-estate-for-half-a-price-until-october-31-obtain-second-citizenship