Effective immediately, Antigua and Barbuda now has a fourth investment option for those looking to invest in citizenship in the Caribbean nation. The University of the West Indies Fund offers the opportunity to receive post-secondary education at the University of the West Indies Open Campus, the fourth campus of the Anglophone Caribbean’s premier university.
Applicants to the Citizenship by Investment Program who choose this option will be required to make an investment of US$150,000 for a family of four or more. This option entitles one member of the family of four to a one-year tuition only scholarship at the University of the West Indies.
Processing fees payable under this option are as follows:
¥ US$25,000 for a family of four persons with incremental payments of US$15,000 for each additional dependent.
¥ Customary due diligence and passport fees apply
This announcement comes following some additional program changes that were announced to all Citizenship by Investment options earlier this year.
Highlights of the other event changes include:
¥ Due diligence fees are no longer required to be paid for a five-year passport renewal.
¥ The age for parental dependents has been lowered from 65 to 58 years of age.
¥ Dependent children under the age of 18 are no longer required to visit Antigua and Barbuda for five days in the first five years. After dependent children turn 18 however, the residency requirement must be fulfilled and dependent children must swear an oath or pledge allegiance.
Additionally, a limited time offer was introduced on May 1, 2018 under the Real Estate investment option that allows for joint investment between two parties. The minimum investment remains at US$400,000 but two applications from related parties can each make a minimum investment of US$200,000 to qualify. Processing and due diligence fees remain the same as they have always been. Initially, the offer was only valid until October 31, 2018 but it was recently announced that the offer would be extended until October 31, 2019 giving applicants an additional year to take advantage of this attractive option.
For more information on these changes or the Antigua Citizenship by Investment Program in general, please contact us.