The Government of Antigua and Barbuda has officially launched University of West Indies (UWI) fund in May 2020 as an additional investment pathway for citizenship by investment program. (CIP)
What is UWI Fund?
The University of the West Indies Fund (UWI) option is a mechanism for financing UWI’s five islands campus. The University of the West Indies (The UWI) launched its fifth campus at Five Islands in Antigua and Barbuda in Sep 2019 funded partly by CIP program..
The campus will additionally benefit The OECS region which constitutes a significant part of the CARICOM family with a population of approximately 600,000 citizens, of which 102,000 reside in Antigua and Barbuda.
Key Points
Before choosing this investment route, investors must be aware of these important points..
- Government approved pathway for citizenship investors.
- Only families of six people or more can apply under UWI fund option and benefit from citizenship.
- UWI fund delivers added cost savings to families compared to NDF contributions.
- Applicants to the Citizenship by Investment Programme who choose UWI option will be required to make an investment of US$260,000 for a family of six (6) or more (i.e. minimum number of persons per application is 6).
- Participation in the option will entitle one member of the family to a one year, tuition only, scholarship at the University of the West Indies.
Costs
Here’s your content neatly presented in a table format:
| Category | Contribution | Processing Fees | Notes |
|---|---|---|---|
| 1. Family of 6 | US$260,000 | Inclusive | The contribution amount includes all processing fees. |
| 2. Family of 7 or more | US$260,000 | US$10,000 for each additional dependent | Additional fee applies for each dependent beyond six members. |
