(ANTIGUA NEWSROOM) – The Citizenship by Investment Unit (CIU) has reduced the processing fees for some Citizenship by Investment Programme (CIP) applicants according to reports.
Citizensinternational.com is reporting that the reduced processing fees took effect on August 1st, 2017.
For donations to the National Development Fund (US $200,000 for up to a family of four):
The processing cost is reduced to US$ 25,000 for up to a family of four.
Each additional dependent (5th applicant onwards) is required to pay a fee of US $15,000. Processing fees for the real estate option have also been reduced according to the publication.
For a minimum investment of US $400,000):
Each additional dependent (5th applicant onwards) is required to pay a fee of US $15,000.)
The CIU’s communications manager could not be reached on her cell phone tonight for a comment.
Antigua News Room (ANR) was told by Acting Prime Minister Steadroy “Cutie” Benjamin that this was a recommendation by the head of the CIU, Charmaine Quinland Donovan.
When Benjamin was asked the reason for the reduction in processing fees, he directed ANR to make contact with the prime minister, who is vacationing in Hawaii or Chief Executive Officer (CEO) Donovan.
Efforts to contact both individuals up to the time of this publication proved futile.