Real Estate & Second Passport in Antigua

Verandah Estates

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Overview

Offered by the Caribbean’s most successful resort developers, Elite Island Resorts group, Verandah Estates is a 25-acre gated community. Elite has been in business for over 30 years, with a proven track record of developing and operating world-class resort and residential communities in the United States, Central America, and throughout the Caribbean.

Investment highlights are as follows:
Fully furnished villas with splash pool; 2-bedroom models are US$400,000, 3-bedroom models are US$450,000.
Freehold real estate investment with title deed (land + standalone villa).
Income producing rental program
Return on investment
No ownership expenses, guaranteed. (Property taxes, homeowner’s insurance, contents insurance, homeowners’ association assessments, gardening, splash pool maintenance, electricity, water, television, telephone, and internet.)

Exit Strategy: After 5 years of ownership, Verandah Estates will assist with re-selling the villa at a target re-sale price of at least US$450,000. Verandah Estates does not charge any re-sale fees or commissions if the resale target price is not met.

Very desirable, secure, and gated community near world-class beaches, resorts, and a national park—access to facilities and services at The Verandah Resort & Spa, one of Antigua's most popular resorts. Professionally managed and maintained.

About This Unit - Model 1


Investment in an approved real estate project


2 bedroom villa

Unit Photos

Floor Plans

investment

  • Developer Verandah Estates
  • Price $400,000.00
  • Type of Ownership Free Hold Title
  • Annual Days Usage 0
  • Reservation Deposit $10,000.00
  • Full Down Payment $390,000.00
  • Monthly Fees
  • Start Paying Fees 2500 escrow fee
  • Stamp Tax 2.5%
  • Title/Closing Fees
  • Expected Roi 2%
  • Construction Progress 50% Complete%
  • Rental Pool Yes,Optional
  • Number of Units 70
  • Units Available 24

Project Brochure


Program

Citizenship by Investment Program

Antigua and Barbuda offers a Citizenship by Investment Program, which is regulated by the Antigua and Barbuda Citizenship by Investment Regulations 2014 Act, amended in 2016. Under this program, individuals, and their dependents, who make an economic contribution to the country, may become Antigua and Barbuda’s citizens.
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single $400,000
  • Investment Family 4 $400,000
  • Minimum annual income -
  • Time to citizenship 3
  • Time to permanent residency
  • Visa-free countries 136
  • Financing available No

Fees

due diligence fees main applicant $7,500
processing fees main applicant $50,000 (include 4-member family)
passport fee $300
total fees main applicant $57,800
due diligence fees spouse $7,500
passport fee $300
total fees spouse $7,800
due diligence fees dependents -18 $2,000 (12-17)
processing fees dependents -18 $15,000 (starting 4th dependent)
passport fee $300
total fees dependent -18 $300 (0-12) (up to total 3 dependents) $15,300 (0-12) (starting 4th dependent) $2,300 (12-17) (up to total 3 dependents) $17,300 (12-17) (starting 4th dependent)
processing fees dependents 18-25 $15,000 (starting 4th dependent)
passport fee $300
total fees dependent 18-25 $2,300 (12-17) (up to total 3 dependents) $17,300 (12-17) (starting 4th dependent)
due diligence fees dependents +65 $4,000
processing fees dependents +65 $15,000 (starting 4th dependent)
passport fee $300
total fees dependent +65 $2,300 (12-17) (up to total 3 dependents) $17,300 (12-17) (starting 4th dependent)

Country details

Antigua and Barbuda
XCD
1268
St. John's
North America
English
86754
Antigua and Barbuda is a Central American country member of the Commonwealth and CARICOM. Formed by two main islands and several small islands to the east of the Caribbean Sea. The country is located on the Lesser Antilles and borders the island of Guadalupe to the south, Montserrat to the southwest, Saint Kitts and Nevis to the west and Saint Barthélemy to the northwest. It has a population of 92,000 inhabitants. Saint John, located in the island of Antigua, is its capital, its most populated city and its main port. Its official currency is the East Caribbean Dollar (XCD), which is pegged to the US$ at a 2.7:1 ratio.

Visa Free Travel

With your new passport from Antigua and Barbuda you'll be able to access 136 countries visa free
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Documents Required

  • Original Professional Reference Letter (Not older than 6 month)
  • Certified copy of ID Card
  • Original Police Clearance Certificate
  • Certified copy of passport
  • Medical Certificate
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Six passport-size photos
  • Original Bank Reference Letter (Not older than 6 month)
  • Photograph and Signature Certificate
  • Real estate sales and purchase agreement
  • Proof of payment of nonrefundable processing and due diligence fees
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