Antigua and Barbuda announced a memorandum outlining the mechanism for implementing the price increase decision, which was signed with three Caribbean islands offering citizenship by investment programs on March 20, 2024. The updates also clarify important changes related to application procedures and required documents.
Latest Updates in the Antigua and Barbuda Memorandum:
Delay in Raising the Minimum Investment: The agreement to raise the minimum investment to $200,000 by June 30, 2024, has been delayed due to awaiting parliamentary approval. Antigua and Barbuda expects to receive approval within 30 days.
Minimum Acceptable Documentation for Electronic Filing: The memorandum specifies the minimum documents required for a complete application submission through the Agent’s Portal. These documents include forms, identity proof, financial statements, and proof of address.
Submission of Physical Documents: Physical copies of documents and additional items such as certified copies, bank reference letters, and police certificates must be submitted within 21 days of uploading the electronic application.
Application Processing: Applications will be processed in the order they are received with complete physical documents and fees.
New Amendments to Minimum Investment in Antigua and Barbuda:
- National Development Fund (NDF):
For a family of 1 to 4, the minimum investment will be $230,000.
For a family of 5 or more, the minimum investment will be $245,000. - University of the West Indies (UWI): The minimum investment will be $300,000.
- Real Estate: The minimum investment will be $325,000.
- Due Diligence Fees: The due diligence fees remain unchanged for most applications, except for a reduction for families of 5 or more under the NDF program
The special evening of the Embassy of St. Kitts and Nevis in Dubai
The special evening of the Embassy of St. Kitts and Nevis in Dubai was on December 1st.
Michael Martin is the new CEO of the St Kitts and Nevis CBI Unit
Michael Martin has been announced as the new CEO of CBI Unit in Saint Kitts and Nevis.
Starting work on the PVIP program in Malaysia
Starting work on the PViP program in Malaysia with the beginning of last October
The latest updates in the Turkish CBI law through real estate ownership
With the beginning of the new year, work will start in accordance with the latest updates of the Turkish CBI Law through real estate ownership.
Green Visa in UAE, longer stay & more facilities
Recently, the UAE has started receiving applications for Green Visas/residence permits.
As part of an ongoing effort to create new opportunities and attract a larger audience of investors and entrepreneurs, the UAE has introduced a new visa that allows its holder to reside in Dubai for 5 years, with the possibility of renewal.