There are various approved development areas and projects in Antigua and Barbuda within which the main applicant for Antigua and Barbuda citizenship may invest.
In addition, two or more applicants who have executed a binding sale and purchase agreement may apply jointly for citizenship by investment provided that each applicant contributes the minimum investment of US$ 400,000.
The Government has introduced a Limited Time Offer from 31st October, 2018 where, two (2) applications from related parties can make a joint investment, with each applicant investing a minimum of US$200,000 in order to qualify. All processing and due diligence fees remain unchanged.
Beneficial ownership of real estate is permissible through a non-profit company provided that the company has issued all of its authorised shares to the applicant(s), is established and is in good standing under the laws of Antigua and Barbuda, is not an exempt or offshore entity and submits irrefutable evidence as to its beneficial ownership, which evidence shall be certified by the Registrar of Companies.
As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, unless purchasing an alternate officially approved real estate property in Antigua and Barbuda.
An application for citizenship by investment under the real estate investment option can be submitted to the Citizenship by Investment Unit (CIU) when a binding purchase and sale agreement has been signed with the developer of an approved project, which will be subject to the granting of the citizenship application.
Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fee. On receipt of a letter of approval you will be asked to pay the balance of the government processing fee and all sums due to the developer under the sale and purchase agreement to enable title to be registered in your name and allow for implementation of the proposed real estate investment in accordance with the guidelines established by the Citizenship by Investment Unit (CIU).