Changes to be made to CIP following Caribbean agreement

Antigua & Barbuda’s citizenship by investment program is undergoing revisions due to recent developments in the Caribbean Citizenship by Investment (CIP) landscape.

In March, the Prime Ministers of Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis signed a historic Memorandum of Agreement (MoA), which sets a minimum investment sum of US$200,000 for each country’s CIP, effective from June 30, 2024.

These changes were unanimously agreed upon, resulting in modifications including an increase in the minimum investment threshold across all participating nations.

While some countries have already implemented these changes, Antigua & Barbuda is requesting an additional 30 days to make Parliamentary adjustments.

According to the formal memorandum from the Antigua & Barbuda Citizenship by Investment Unit, the revisions will come into effect on July 30.

The specific changes include increasing the minimum investment for the donation route from $100,000 USD to $230,000 USD for a family of up to 4 people, and $245,000 USD for families of 5 or more.

Additionally, the minimum investment for real estate will rise from $200,000 USD to $325,000 USD, and the University of the West Indies (UWI) option will now require a minimum investment of $300,000 USD.

The processing fees remain unchanged at $30,000 USD for a single applicant up to a family of 4, while processing fees for families of 5 or more have been reduced to $10,000 USD for each additional dependent.