antigua-and-barbuda , caribbean , cbi , cip , citizenship-by-investment , club , policy-updates , university , uwi

Antigua & Barbuda CIP Gives Price Cut to Large Families Under University Fund Option

May 15, 2020

In a circular distributed to its stakeholders this week, the Antigua & Barbuda Citizenship by Investment Programme (ABCIP) has outlined a new fee structure for its University of the West Indies (UWI) Fund option, making it significantly cheaper for large families.

Until this week, the following schedule of fees had applied:

  • A family of up to four required a contribution of US$150,000 and processing fees of US$30,000;
  • A family of more than four required a lower contribution of US$125,000 but with an additional processing fee of US$15,000 for each additional family member beyond the four, in addition to the US$30,000 processing fee for the first four members.

The cost for a family of six, under the previous rules (not counting due diligence fees, which remain unchanged), would therefore amount to US$185,000 (US$125,000 + US$30,000 + US$15,000 + US$15,000).

Families of six or more members will henceforth see their overall expenditure reduced.

  • A family of six will contribute US$150,000 to the UWI fund and effectively see their processing fee waived.
  • For each additional family member beyond the sixth, an additional US$15,000 in processing fees are required.

For a family of six or more, in other words, the UWI Fund option is now US$35,000 cheaper than it was last week.

Agent commissions remain unchanged, at 20% of the contribution amount, and the contribution still entitles one member of the family to a one-year, tuition-only scholarship to the University of the West Indies.

Want to know more about the Antigua & Barbuda CIP? To see recent articles, statistics, properties, and more, visit its Program Page. To see which firms can assist with applications to the program, visit the Residence & Citizenship by Investment Company Directory.

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