Requirements of Antigua and Barbuda citizenship by investment
To qualify for citizenship, the main applicant must be over 18 years of age, meet the application requirements, and select one of the following four options available:
⦁ The purchase of real estate with a minimum value of USD 200,000 from an approved real estate project. Two applicants can make a joint investment with each applicant investing a minimum of USD 200,000 in order to qualify. The real estate cannot be disposed of within the five-year period
⦁ The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual. Alternatively, a joint purchase where each person contributes at least USD 400,000, totaling a minimum of USD 5 million
⦁ A contribution to the National Development Fund of a minimum non-refundable amount of USD 100,000
⦁ A contribution to the University of the West Indies of a minimum non-refundable amount of USD 150,000
Procedures and time frame of the Antigua and Barbuda Citizenship by Investment Program
The government authority responsible for administering the program, the Citizenship by Investment Unit (CIU), is responsible for the processing of all applications. The CIU examines the application thoroughly and, if deemed necessary, may request the applicant to attend an interview.
The CIU undertakes strict due diligence checks and will decline an application if the applicant makes a false statement or omits any relevant information in the application. The documentary requirements of the Antigua and Barbuda Citizenship by Investment Program are reasonable, and the procedures are straightforward. Once the application is approved, passports can be collected in Antigua and Barbuda. It is estimated that the process will take between three and four months from the submission of the application to issuance of the passport, assuming there are no areas of concern with the application.
There is a requirement to reside in Antigua and Barbuda for a minimum of five days during the first five years of obtaining citizenship. However, the CIU has temporarily suspended this requirement due to the various travel restrictions resulting from the COVID-19 pandemic. This suspension will expire on 31 August 2022. Under the real estate option, the time frame may vary depending on the project. Therefore, it is important to select a real estate project that can provide the necessary paperwork required from the developer for the citizenship application.
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