Cost of Citizenship by Investment in Antigua cut to $100,000 via the NDF route.

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.

Flag of Antigua & Barbuda

Flag of Antigua & Barbuda

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.

There are approved real estate projects in several areas across Antigua, including Jolly Harbour, English Harbour, Hodges Bay and Nonsuch Bay.

St Kitts & Nevis Citizenship Fees Also Cut

Other Caribbean nations also recently cut the cost of applying for citizenship.

The cost for applying for St Kitts & Nevis Citizenship by Investment was recently cut to US $150,000 under a newly established Hurricane Relief Fund.