The Antigua and Barbuda National Development Fund (NDF) is established under section 42(2) of the Finance Administration Act 2006 for the purpose of funding government sponsored projects, including public-private partnerships and approved charitable investments. It is is an eligible pathway approved by government under citizenship by investment program (CIP).
The National Development Fund
The NDF is a non-profit fund that is subject to parliamentary oversight by way of a six monthly report to be presented to Parliament in sufficient detail to allow for transparency and accountability. The fund will also be audited by an internationally recognised accounting firm. Acquisition of citizenship under the NDF investment option requires a contribution to the National Development Fund in the minimum sum of US$230,000 per application. The contribution is in the form of a one-time payment.
The primary applicant may include spouse, dependent children and dependent parents over 55 years of age within the application with no additional NDF contribution required, although government and due diligence fees will be payable per each individual which are outlined within the fees section.
The application process is fairly straightforward and application forms can be obtained from a local authorized agent, whom has been licensed by the Citizenship by Investment Unit (CIU).
NDF Contributions
| Contributions | Contribution Amount (USD) | Processing Fees (USD) | Notes |
|---|---|---|---|
| A. Single Applicant | 230,000 | 10,000 | — |
| B. Family of 4 or Less | 230,000 | 20,000 | Covers up to 4 members including main applicant |
| C. Family of 5 or More | 230,000 | 20,000 + 10,000 per additional dependent (from 5th onwards) | Incremental fee applies starting from the 5th dependent |
Additional Fees
| CIP Fees | Single Applicant | Family of 4 | Family of 5+ |
| Processing fees | $10,000 | $20,000 for a family of up to 4 persons | $20,000 for a family of up to 4 persons with incremental payments of $10,000 for each additional dependent. |
| Contribution | $230,000 | $230,000 | $230,000 |
| Due Diligence | $8,500 | $8,500 + $5,000 for spouse, $2,000 per dependent 12-17, $4,000 per dependent 18 and over $5,000 Benefactor | $8,500 + $5,000 for spouse, $2,000 per dependent 12-17, $4,000 per dependent 18 and over $5,000 Benefactor |
