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Janik Partner
ENRUCNIT

Process & Timeline for CIP

Below outlines the two most popular ways to qualify, through a Real Estate Purchase or Via Donation to the National Development Fund (NDF)

Via Real Estate

To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least US$ 400,000 plus the payment of government processing fees and due diligence fees.

 

In addition, two or more applicants who have executed a binding sale and purchase agreement may apply jointly for citizenship by investment provided that each applicant contributes the minimum investment of US$ 400,000.

 

Beneficial ownership of real estate is permissible through company that is not a non-profit company provided that the company has issued all of its authorized shares to the applicant(s), is established and is in good standing under the laws of Antigua and Barbuda, is not an exempt or offshore entity and submits irrefutable evidence as to its beneficial ownership, which evidence shall be certified by the Registrar of Companies.

 

As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, unless purchasing an alternate officially approved real estate property in Antigua and Barbuda.

 

An application for citizenship by investment under the real estate investment option can be submitted to the Citizenship by Investment Unit (CIU) when a binding purchase and sale agreement has been signed with the developer of an approved project, which will be subject to the granting of the citizenship application.

 

Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing  fee. On receipt of a letter of approval you will be asked to pay the balance of the government processing  fee  and all sums due to the developer under the sale and purchase agreement to enable title to be registered in your name and allow for implementation of the proposed real estate investment in accordance with the guidelines established by the Citizenship by Investment Unit (CIU).

 

Once received, a certificate of registration will be issued for both the primary applicant and their family members which will need to be submitted to the passport office with their application and any accompanying documentation.

 

Your authorized agent/representative will advise you of dates available to either;

 

• Visit Antigua and Barbuda to collect your passport and to take the oath or affirmation of allegiance

 

• Visit an Embassy, High Commission or Consular Office of Antigua and Barbuda to collect your passport and to take the oath or affirmation of allegiance.  Link to Embassies/High Commissions/Consular Offices shown on an alternate page.

 

The list of approved real estate projects is pending. It will be published as soon as it is available.

 

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Via Donation to National Development Fund

The National Development Fund (NDF) is a non-profit fund that is subject to parliamentary oversight by way of a six monthly report to be presented to Parliament in sufficient detail to allow for transparency and accountability. The fund will also be audited by an internationally recognised accounting firm.

 

It is established under section 42(2) of the Finance Administration Act 2006 for the purpose of funding government sponsored projects, including public-private partnerships and approved charitable investments.

 

Acquisition of citizenship under the NDF investment option requires a contribution to the National Development Fund in the minimum sum of US$250,000 per application.** The contribution is in the form of a one-time payment.

 

The primary applicant may include spouse, dependent children and dependent parents over 65 years of age within the application with no additional NDF contribution required, although government and due diligence fees will be payable per each individual which are outlined within the fees section.

 

The application process is fairly straight forward and application forms can be obtained from a local authorized agent, whom has been licensed by the Citizenship by Investment Unit (CIU).

 

Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fee. Upon receipt of a letter of approval you will be asked to pay the balance of the government processing fee and your US$250,000 contribution which will be paid separately to the Citizenship by Investment Unit (CIU) escrow account within a 30 day period.

 

Once received, a certificate of registration will be issued for both the primary applicant and their family members which will require submission to the passport office with their application and any accompanying documentation.

 

Your authorized agent/representative will advise you of dates available to either;

 

• Visit Antigua and Barbuda to collect your passport and to take the oath or affirmation of allegiance

 

• Visit an Embassy, High Commission or Consular Office of Antigua and Barbuda to collect your passport and to take the oath or affirmation of allegiance.  Link to Embassies/High Commissions/Consular Offices shown on an alternate page