Antigua Announces Exciting Changes for Larger Families

• Posted on Nov 19, 2020
• In Antigua & Barbuda

Amendments to expand dependents makes the program one of the most advantageous in the industry.

Antigua and Barbuda, November 19th, 2020 — Antigua and Barbuda’s Citizenship by Investment Unit has expanded the definition of dependents under the citizenship by investment program, making it one of the most inclusive and affordable option for larger families.

With the expanded definitions, qualified dependents now include the following:

• Current spouse of main applicant
• Child of main applicant, or of the spouse, who is 30 years old or under, and is financially dependent on the main applicant.
• Child of the main applicant, or of the spouse, who is 18 years or older, and is physically or mentally handicapped and is living with and fully supported by the main applicant.
• Parent or grandparent of the main applicant, or of the spouse, who is 55 years or older, and is financially dependent on the main applicant.
• Sibling of the main applicant, or of the spouse, if unmarried.
• Future spouse of the main applicant, with an additional processing fee of US$ 50,000; reduced from US$75,000.
• Future spouse of dependent children, where the dependent child is financially dependent on the main applicant, with an additional processing fee of US$ 50,000; reduced from US$75,000.
• Future child of a dependent child, with a fee of US$10,000 for children under the age of 5 years old, and US$20,000 for children between 6-17 years of age.

“In the last several months, many of the Caribbean programs have taken the initiative to become more inclusive to different family unit sizes and allow for a complete generational transition of citizenship,” said Armand Arton, President of Arton Capital.

Although Antigua and Barbuda currently boast the most inclusive program in the Caribbean relative to qualifying dependents, it is the fifth CIP within the region to accommodate sibling-inclusion in applications, following the introduction of similar policies in Grenada, Dominica, Saint Lucia, and most recently Saint Kitts and Nevis.

“Very often we see successful investors who want to include, not only their immediate family, but also those closest to them in their inner circle — securing the benefits of a better life for their entire lineage as well as for the future generation,” shared Arton.

Earlier in the year the twin-islands announced one of the most competitive investment options for families with the University of West Indies Fund at US$150,000, for a family of six (6) inclusive of government and processing fees.