Antigua and Barbuda Adjusts Fees, Making the NDF Contributions More Expensive and Real Estate Investments Cheaper.
Antigua and Barbuda has announced that, from 1 April 2020, it will impose a Government Processing Fee of US$30,000 on all citizenship by investment options for families of up to four persons. This means that the National Development Fund (NDF) and University of the West Indies (UWI) options will be more expensive (a US$5,000 increase) and that the real estate and business options will be cheaper (a US$20,000 decrease).
10% of all Government Processing Fees due must be submitted with the application and is non-refundable, irrespective of an application’s ultimate outcome.
|Option Under the Programme||Minimum Contribution or Investment||Government Processing Fees for a Family of Up to 4 Persons||Government Processing Fees for Additional Dependants|
|UWI (family of 4 or more only)||US$150,000|
|Business (independent investment)||US$1,500,000|
|Business (joint investment)||US$400,000|
A quick reminder: due diligence fees, bank fees, and, later, passport fees all continue to apply.
What does this update mean for me?
Antigua and Barbuda is the only Caribbean citizenship by investment jurisdiction that imposes Government Processing Fees on the fund option, and the amount has now increased. This makes this option more expensive than Dominica or St Lucia (both at US$100,000 without additional Government Fees) if you are a single applicant.
How can I find out more?
If you want to learn more about the costs and fees that apply under the Antigua and Barbuda Citizenship by Investment Programme, please contact CS Global Partners for more information at [email protected].