New Antigua and Barbuda Citizenship by Investment Regulations

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The Latitude View on the Updated Antigua and Barbuda Citizenship by Investment Regulations

Christopher Willis is the Latitude Caribbean Managing Partner. He knew a Memorandum was due but wasn’t aware of the scope of it: “We expected to receive a Memo confirming the end of the grace period and the increase of the minimum investment thresholds.”

Willis proceeds: “While the Memo includes these details, there are some extra updates.” “In particular, the widening of the definition of dependent will interest investors.”

Antigua and Barbuda Citizenship by Investment Dependents and Alternate Main Applicants

The Memo first confirms that “the current investment thresholds and fees will continue until 31st July 2024, at 11:59 p.m. AST.” Then it moves on to additional amendments to take place on Thursday, August 1, 2024. These include “Modifications to the definition of dependent”.

As before, your spouse can be a dependent. As can biological or legally adopted children of you and/or your spouse. These are the new developments:

1. A dependent is defined as a child up to the age of 30 with no further need to establish their financial dependence on you
2. You can add a spouse you marry after your application’s approved, provided you’re not older than 35 when you submit forms to incorporate them
3. Also, you can include a dependent who is born or adopted after the approval of your application, again only if you’re no older than 35 when you formally add them

Next comes the “Designation of an Alternate Main Applicant”. This can be a family member who forms part of the application. They must be over 18 and cannot make any decisions of substance unless you die or “become physically or mentally incapacitated.”

Minimum Investment Thresholds and Fees

The Antigua and Barbuda Citizenship by Investment Unit set out the following minimum investment thresholds:

1. $300,000 for Real Estate Investment
2. $260,000, inclusive of processing fees, for the University of West Indies Fund
3. $230,000 for the National Development Fund
4. $1.5 million for you alone and $400,000 as part of a joint $5 million Investment in Business

There is an extensive list of fees. Let’s summarize the key ones below:

1. Initial submission fees of $10,000 for you, $20,000 for a family of 4, and $20,000 plus $10,000 for every additional member of a family of 4+
2. Post-approval addition fees of $10,000 for children aged 0-5, $25,000 for children aged 6-17, and $50,000 for those 18+
3. Due diligence fees of $8,500 for you, $2,000 for a child aged 12-17, and $4,000 for one 18 or over

How to Get Antigua and Barbuda Citizenship by Investment in 2024

You can’t invest in Antigua and Barbuda citizenship directly. Instead, you need to apply through an approved company with decades of Citizenship by Investment experience such as Latitude Group. So, don’t delay and contact us today.