Acquiring Antiguan Citizenship has just become significantly less costly.
NDF Fees Cut to US $100,000
The government announced yesterday that the contribution required of investors applying via the National Development Fund (NDF) route of Antigua’s Citizenship by Investment Program has been slashed in half to US $100,000 from US $200,000.
The announcement was made Gaston Brown, Prime Minister of Antigua & Barbuda, yesterday morning in Parliament, reportedly because the NDF route has succeeded in attracting only 3 applicants over the last 2 months delivering a total of just US $600,000 in revenue.
In contrast, similar funds associated with other Caribbean Citizenship by Investment Programs have been more successful.
For example, the Government Fund linked to Dominica’s Citizenship by Investment Program which also has a fee of US $100,000, generates US $50 million per month, Browne said.
The government has reduced the minimum required contribution for the NDF in order to encourage greater revenues to assist with reconstruction efforts in Barbuda.
In August of this year the Antigua cut the Citizenship Program processing fees for the real estate investment and NDF routes of its citizenship program from US $50,000 to US $25,000 for a family of four.
Minimum Investment Level for Real Estate Route Unchanged
Fees for the other Citizenship routes remain unchanged, with the minimum level of investment in Antiguan real estate set at US $400,000.
St Kitts & Nevis Citizenship Fees Also Cut
Other Caribbean nations also recently cut the cost of applying for citizenship.