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Real Estate & Second Passport in Antigua

Ritcil Company Ltd.

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Overview

Ritcil Company Ltd. is the Real Estate Developer that will build and develop Pleasure Cove Resort & Spa, a luxury condominium hotel located on currently owned beach front real estate situated in the upscale area of Runaway Beach . They are spearheading this innovative venture in the commercial condo ownership industry in Antigua & Barbuda
The company intends to facilitate a fun filled, sustainable lifestyle while contributing to the growth of the economy

About This Unit - Model 1

A quick walk from the beach, these one-bedroom condominiums are sumptuously appointed, with modern finishes. Each unit is approximately 700 square feet, and includes a large living space, a kitchenette, a large bedroom, a bathroom and a walkout terrace.

Features:
One king-size bed or two double beds with soft premium bedding
Air conditioning
Separate sitting area with club chairs and dining area for two
Desk with phone
Coffee/tea maker
Hair dryer
Refrigerator

Pleasure Cove will be constructed as a 47-unit condominium-hotel. The hotel facilities include a five-star restaurant and bar, an inviting pool with high-end water features, a spa and a beach club. Prospective investors who are interested in obtaining an Antigua and Barbuda passport will be able to purchase a unit at Pleasure Cove, and receive an individual unit entitlement.

Pleasure Cove is located on Runaway Beach, one of the prime beachfront real estate locations on the north coast of the beautiful island of Antigua.

Unit Photos

Floor Plans

investment

  • Developer Pleasure Cove Resort & Spa
  • Price $450,000.00
  • Type of Ownership Free Hold Title
  • Annual Days Usage 14
  • Reservation Deposit $10,000.00
  • Full Down Payment $45,000.00
  • Monthly Fees $914.00
  • Start Paying Fees From the commencement of the Rental Pool Operations
  • Stamp Tax 2.5%
  • Title/Closing Fees $5,175.00
  • Expected Roi 3.69%
  • Construction Progress Selling Off Plan%
  • Rental Pool Yes,Required
  • Number of Units 47
  • Units Available 47

Project Brochure


Program

  • 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

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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