Industry News
Antigua cabinet slashes CIP fees
- Posted on Aug 11, 2017
- In Antigua & Barbuda
Following our recent recommendations and industry analysis as representatives of major real estate developers, the Government of Antigua has decided to reduce the fees related to its Citizenship by Investment Program, effective as of August 1st, 2017. The changes are as follows:
- NDF Processing Fees: US$25,000 for family of four. US$15,000 for every additional dependent.
- Real Estate Processing Fees: US$50,000 for family of four. US$15,000 for every additional dependent.
Applicable due diligence fees remain unchanged.
We believe that real estate investment options will now be more competitive in the region. We can confidently forecast a 40-50% increase in investments, resulting in the creation of hundreds of jobs and in boosting the economy.
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