Offering one of the most competitively priced CBI programs worldwide, Antigua & Barbuda has just made itself the most affordable and attractive citizenship choice for those with large families.
One of five Caribbean countries to offer citizenship by investment, Antigua & Barbuda has been an attractive proposition for economic investors since its CBI program launch in 2013, offering a competitive fee structure (its single applicant donation option to the National Development Fund is the cheapest worldwide along with Saint Lucia and Dominca) along with plenty of program pros, including one of the best passports for travel in the Caribbean, with visa-free access to 147 countries worldwide.
So far, so attractive. However, the country’s CBI program has just become even more attractive and competitive, following a review and re-structure of its fees for its unique educational fund, making it highly affordable for larger families to gain citizenship.
The only country worldwide to offer a CBI option that directly funds a university, Antigua & Barbuda’s University of the West Indies (UWI) Fund option, launching in May 2020, gives applicants the option of donating to the future of education in the country specifically.
The University of the West Indies (UWI) Fund has been developed to finance the UWI’s fourth landed campus, on Antigua, which is part of the Government’s vision of transforming Antigua & Barbuda into an economic powerhouse.
“No country can expect to lead in economic performance unless its citizens can access tertiary education with ease,” Prime Minister Gaston Browne recently told Citizen magazine. “The UWI fourth landed campus in Antigua remains the uppermost concern, buttressed by heightened expectations. Whatever the cost required to train our youth, my administration will bear it. My government expects UWI to apply greater creativity, innovation and entrepreneurship for our youth which are key ingredients to support a vibrant economy.”
Such investment in, and focus on, education is a big draw for international investors and education is certainly a major consideration for applicants when choosing a country to gain citizenship to.
It’s not the only pro of the program option, however, because this new CBI fund option has also become the most affordable one for large families.
Up until recently, the UWI Fund option required applicants to pay $150,000 for a family of four and $185,000 for a family of six. But with a re-structure of its fees for this fund, the donation now required for a family of six is $150,000, not only making it cheaper ($35,000 cheaper, in fact) than it was before, but making it significantly cheaper for a family of six to gain citizenship to another country, compared to other worldwide options.
For a family of six, citizenship to Saint Lucia would set you back $210,000 in total, while Grenada requests $272,000 and Dominica, $262,950.
But that’s not the only plus to Antigua & Barbuda’s UWI fund option. Part of the donation further entitles one family member to a one-year tuition-only scholarship at UWI.
Find out more about Antigua & Barbuda’s UWI Fund and other CBI program options in our country profile. Click here.