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Antigua & Barbuda Citizenship by Investment Unit Announced Program Extension and New Price Increase in 2024

Antigua & Barbuda Citizenship by Investment Unit Announced Program Extension and New Price Increase in 2024

Antigua and Barbuda Citizenship by Investment Unit Announces Program Changes and Guidance on File Submission 2024

Antigua and Barbuda, celebrated for its stunning landscapes and rich cultural heritage, continues to attract global investors through its Citizenship by Investment Program (CIP). On June 26, 2024, the Citizenship by Investment Unit (CIU) released a memorandum titled “Programme Changes and Guidance on File Submission,” outlining significant updates to the program.

Extension of Minimum Investment Threshold Implementation

The memorandum announced a 30-day extension for implementing the new minimum investment threshold. This extension provides applicants with an invaluable opportunity to secure citizenship at the current pricing, provided their applications are registered online and the necessary physical documents and primary fees are submitted within 21 days from the specified date. This effectively grants a grace period of up to seven weeks.

Updated Program Pricing

To align with the Memorandum of Agreement (MOA) coordinated with Dominica, Grenada, St. Kitts and Nevis, and St. Lucia, the investment thresholds have been updated as follows:

  • National Development Fund (NDF) Option:
    • For a family of 1 to 4: Minimum investment is USD 230,000 (from USD 100,000)
    • For a family of 5 or more: Minimum investment is USD 245,000 (from USD 125,000)
  • University of the West Indies (UWI) Fund:
    • Minimum investment is USD 300,000 (from USD 150,000)
  • Real Estate:
    • Minimum investment is USD 325,000 (from USD 200,000)

Strategic Opportunity for Prospective Investors

The extension and updated pricing present a strategic opportunity for prospective investors. By acting promptly, applicants can capitalize on the current investment rates before the new thresholds take effect. To ensure a successful application process within the grace period, it is highly recommended to seek trusted advice from experienced investment migration law firms such as Harvey Law Group Thailand.

Advantages of Antigua and Barbuda CIP

Antigua and Barbuda’s Citizenship by Investment Program offers numerous benefits, including:

  • Global Mobility: Citizenship grants visa-free or visa-on-arrival access to over 150 countries.
  • Family Inclusion: The program allows the inclusion of family members, extending citizenship benefits to spouses, children, and dependent parents.
  • Tax Benefits: Antigua and Barbuda offer a favorable tax regime with no capital gains or inheritance taxes.
  • Diverse Investment Options: Investors can choose from real estate, business ventures, and contributions to the National Development Fund.
  • Enhanced Quality of Life: The islands boast stunning landscapes, excellent infrastructure, and a high standard of living.

Conclusion

The recent memorandum issued by Antigua and Barbuda’s CIU underscores the government’s commitment to maintaining a competitive and attractive Citizenship by Investment Program. By extending the implementation of the new investment thresholds and providing detailed guidance on file submission, the CIU ensures that prospective investors have ample opportunity to understand and benefit from the current pricing structure.

For those contemplating citizenship through investment, now is the ideal time to act. Contact a trusted investment migration law firm to help you and your family navigate Antigua and Barbuda citizenship by investment application process and secure your investment before the grace period concludes. Antigua and Barbuda offer an unparalleled opportunity for new beginnings and promising futures.

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