On 11 May, Antigua and Barbuda announced changes to the University of the West Indies Fund (UWIF) option of the country’s Citizenship by Investment Programme. The changes are applicable immediately.
Antigua and Barbuda has announced updates to the UWIF option, its most recent addition to the Citizenship by Investment Programme.
Applications under the UWIF option entitle one member of the main applicant’s family to a one-year scholarship at the University of the West Indies.
Under the new changes, the minimum number of persons that must be included in an application under the UWIF option has been increased from four to six and the following costs and fees now apply:
|Applicant Type||Contribution Amount|
|Family of six or more||US$150,000|
|Applicant Type||Government (Processing) Fees|
|Family of up to six||Included in the contribution amount|
|Any additional dependant||US$15,000|
Due Diligence Fees, Passport Fees, and Bank Administrative Fees remain unchanged.
What does this update mean for me?
Previously under the UWIF option, a family of six was required to make a contribution of US$150,000 and pay an additional US$60,000 in Government (Processing) Fees. The new changes have therefore significantly reduced the overall contribution amount for a family of six.
However, while previously a family of four or five could apply under this option, the option has now been made exclusive to families of at least six people.
How can I find out more?
If you want to learn more about your options under the Antigua and Barbuda Citizenship by Investment Programme, please contact CS Global Partners for more information.