The Anguilla Residency by Investment (ARBI) Phase 1, a fast-track retroactive phase, is anticipated to begin on November 1 and go through to April 30, 2019.
This was stated at the final consultation on October 10.
In August, Anguilla Government announced it intends to implement a Residency by Investment Programme as part of the medium-term reform agenda.
Anguilla’s Residency by Investment Programme will allow non-belongers the opportunity to immediately acquire Permanent Residency Status in Anguilla by making a financial contribution to the island and proving to be of good health and good character. Foreign investors get immediate permanent residency status bypassing the then 10 year living requirement with a path to British Overseas Territory (BOTC) citizenship.
A family, up to a maximum of four persons, who already legally owns a real estate property on the island valued at US $750,000 or more qualifies for the Phase 1 fast-track programme. They must own the real estate prior to the launch date of November 1.
First investors will get overall reduced application cost and simplified process would be major incentives for current real estate investors to apply for ARBI status during the Phase 1 fast-track period. Those applying after April 30, 2019, will pay the full cost.
The website detailing programme information, to include fees associated with the application process, will be launched in the near future.
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