Antigua & Barbuda has seen a dramatic 95 per cent decline in the most popular stream of its citizenship-by-investment program after Canada withdrew visa-free access to passport holders in June 2017.
The Caribbean island will cut the investment threshold for its National Development Fund (NDF) in half – from $200,000 to $100,000 – to try and stimulate interest from high net worth candidates.
A representative of the country's Citizenship by Investment Unit (CIU) told the country's Daily Observer newspaper that access to Canada was previously 'the country's most compelling advantage'. Without that access, the Antigua citizenship program is left to compete entirely based on investment threshold.
Opposition lawmakers say slashing the threshold will result in the destruction of the program.
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