To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least USD 400,000 plus the payment of government processing fees and due diligence fees.
Table 2 Schedule of Real Estate Investment
|Minimum Amount of Investment||Government Processing Fee||Number of Applicant and Dependents|
|USD 400,000||USD 50,000||Single Applicant to a Family of Four|
|USD 400,000||USD 15,000 for each additional dependent||Family of Five or More|
In addition, the following charges will apply for all investment options:
Due Diligence Fees (USD):
Passport Fees (USD):
NOTE: Additional charges apply, and all fees are subject to change at any time without notice. Consultation Fee is depending on the number of applicants which is not included on the above schedule of payment.
Until 31st October 2019, two (2) applications from unrelated 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 authorized 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.
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