Residence by Investment - Capital Development Fund

Residence by Investment 2. Capital Development Fund 3. Real estate investment

## Becoming a Permanent Resident #### **RIGHT TO RESIDE** The applicant must be over 18, meet due diligence requirements and select one of the following options: **Capital Development Fund** Minimum investment US$150,000 single applicant. US$50,000 per dependant **Residential Real Estate** Minimum investment US$750,000 family of 4. US$100,000 per additional dependant. #### **RIGHT TO RESIDE & WORK** The applicant must be over 18, meet due diligence requirements and select one of the following two options that qualify a family of four. #### **Business Premises:** Minimum investment US$750,000 **Business & Residential Real Estate** Minimum investment US$750,000. Business premises minimum 50% of required investment value. #### **FEES** \- Due diligence fee adults US$7,500, children aged 16/17 US$2,500, Children 15 and under US$0 \- Processing fee: US$3,000 family of 4, additional applicants US$500p.p. \- Real estate permit fee: US$10,000 single applicant, US$20,000 family of up to 4 persons, US$5,000 for each additional dependant

## Revocation of Permanent Residence status **12.** The Governor may revoke a grant of permanent residence status under this Act, on the grounds that— (a) such registration as a permanent residence was obtained by false representation, fraud or wilful concealment or non-disclosure of material facts; (b) the Applicant or a Dependant has been convicted of an offence after the date of Application; (c) the Real Estate was resold within 5 years from the date of completion of the sale and purchase; (d) the Applicant referred to in section 3(3), has sold his property within 5 years of being granted permanent residence status; or (e) the Applicant or a Dependant has committed any other act after the date of Application, which, in the opinion of the Governor, has brought or has the potential to bring disrepute to Anguilla. *(Act 35/2020, s. 7)*

#### Low Maintenance Solution With no physical presence requirement you can utilise the status as much or as little as you choose.

## Capital Development Fund **2.** Where an Applicant proposes to make a contribution to the Capital Development Fund of a prescribed amount, an Application under the RBI shall be submitted on his or her behalf through an Authorised Agent.

(2) If the Application is under the RBI, the Agency shall require— (a) for Applications under section 2, payment of the deposit required for the contribution to the Capital Development Fund, to be held in such Fund until the registration of permanent residence of the Applicant and Dependants has been completed; or (b) for Applications under section 3, proof of completion of the purchase and sale of Approved Real Estate in accordance with section 3(9) and payment by the Applicant of all requisite stamp duties in accordance with section 3(10). ---

“Dependant” means— (a) a spouse of the Applicant; (b) a child of the Applicant or of his or her Spouse who is less that eighteen years of age; (c) a child of the Applicant or of his or her Spouse who is at least eighteen years of age and less than twenty-six years of age and who is in full time attendance at a recognised institution of higher learning and fully supported by the Applicant; or (d) a child of the Applicant or of his or her Spouse, of any age, who is physically or mentally challenged and fully supported by the Applicant or his or her Spouse; “Executive Council” means the cabinet of the Government and Governor, Deputy Governor and Attorney-General; “Government” means the Government of Anguilla; “Immigration” means the Department of Immigration; “Inland Revenue” means the Department of Inland Revenue;

(5) Upon fulfilment of the requirements in subsection (2), the conditional approval will become a final approval and a Permit of Permanent Residence or Permanent Residence Card will be issued by Immigration to the Applicant and Dependants to evidence permanent residence status in Anguilla.

(5) Upon fulfilment of the requirements in subsection (2), the conditional approval will become a final approval and a Permit of Permanent Residence or Permanent Residence Card will be issued by Immigration to the Applicant and Dependants to evidence permanent residence status in Anguilla.

(2) If the Application is under the RBI, the Agency shall require— (a) for Applications under section 2, payment of the deposit required for the contribution to the Capital Development Fund, to be held in such Fund until the registration of permanent residence of the Applicant and Dependants has been completed; or (b) for Applications under section 3, proof of completion of the purchase and sale of Approved Real Estate in accordance with section 3(9) and payment by the Applicant of all requisite stamp duties in accordance with section 3(10). ---