The Citizenship by Investment Programme (CIP) provides new oppportunities for both the applicant families and Antigua and Barbuda for mutual benefit. The Citizenship by Investment Act 2014 has regulation governing the granting of such an entitlement on the applicant and their family.
The premise is that any applicant will make a significant economic investment into Antigua and Barbuda benefiting the twin island nation.
One of the following three investments must be made by the applicant. Source http://cip.gov.ag/citizenship/
- A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$200,000.**
- An investment of at least US$400,000 into one of the approved real estate projects and to be held for a minimum period of 5 years.
- An investment of a minimum of US$1,500,000 directly into an eligible business as a sole investor or a joint investment involving at least 2 persons in an eligible business totalling at least US$5,000,000 and each of those persons individually invests at least US$400,000.
It is under some conditions possible to revoke the entitlement for example if the applicant does not physically spend 5 days every 5 years in Antigua and Barbuda.
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Who classes as family in the Antigua Citizenship Investment Programme ?
The main applicant is the person who makes the application and will be making the investment. This persons spouse will be considered part of the family. Either the main applicant's or spouse's children normally less than 18 years of age* or is more than 18 years of age and has some mental or physical challenge and is fully supported by the main applicant. Also considered are the parents of the main applicant or spouse above the age of 65 who also are provided for by the main applicant in full.
* A child of either spouse can be considered up to the age of 26 (but more than 18) if they are in full time further education and are fully supported by the main applicant.
Source : http://cip.gov.ag/citizenship/dependants/