Antigua CIP H1 2019 Data: Applications Dip, 97% Pick Contribution OptionJanuary 3, 2020
The recently released six-month report on the Antigua & Barbuda CIP shows applications in H1 2019 are down by 40% compared to H2 2018 and that the share of applicants who choose the real estate or business investment options rather than the NDF contribution option is now only 3%.
Note from the editor: Once more, to our chagrin, we learn of the statistical release not from the CIU’s official website but from the Antigua Observer, the staff of which have seen the report (but not provided a copy of the full version). The CIU is legally bound to share reports on the CIP with the public but has failed to do so on several occasions; H2 2017 data, for example, remains unavailable on the CIU website, as does the most recent 6-month report. The data presented in this article, therefore, relies on the statistics as outlined by the Antigua Observer, rather than by the “horse’s mouth”.
The CIU received 241 applications between January 1st and June 30th, 2019, a figure 40% below that recorded during the preceding six-month period. Of these, 233 opted to make a contribution to the National Development Fund (NDF), while a mere five and three applicants chose the real estate and business investment options, respectively.
Following the reductions in minimum contribution amounts in late 2017, interest in anything other than the NDF option has all but vanished.
Chinese investors once more accounted for the largest single share of applications, amounting to 29% of the total. Bangladeshi and Libyan investors made up eight and seven percent of applicants, respectively, closely followed by Russians (7%), Syrians (5%), and Lebanese (5%).
Of the 2,188 applications received since the program’s inception, Chinese applicants accounted for slightly more than a third, while Russians and Syrians make up, respectively, 6.5% and 5.5% of the aggregate.
While the precise number of new citizens in H1 2019 is only known to the CIU, historical records show a relationship between the number of applications received and new citizenships issued of 1.8. Presuming relative constancy in that ratio also for H1 2019, Antigua & Barbuda will have naturalized some 434 citizens during the most recent reporting period, bringing the overall number of citizens naturalized under the auspices of the CIP to about 4,000.
Presuming naturalizations in H2 2019 – the official figures of which (may) become available within the next six months – reach a similar level to that observed in H1, Antigua & Barbuda’s CIP will see a 2019 statistically on par with 2018.
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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