Applications submitted under the previous Alternative Investment Option pursuant to the Citizenship by Investment Regulations 2011 (S. R. & O. No. 52 of 2011) (“the CBI Regulations 2011”) will be subject to post approval-in-principle CBI application fees.
A main applicant of an application made under the previous Alternative Investment Options (under regs 5C or 5D of the CBI Regulations 2011) is required to pay, within 90 days of receiving the CIU’s notification of approval-in-principle, the following post-approval-in-principle CBI application fees as follows:
For an investment of US$200,000 in Private Approved Project (pursuant to regulation 5C of the CBI Regulations 2011):
The developer of the approved infrastructural project or other approved development project must prove that they received the investment of US$200,000 from the main applicant before the Certificates of Registration can be issued.
For an investment of US$175,000 in a Public Approved Project (pursuant to regulation 5D of the CBI Regulations 2011):
The developer of the Public Good Infrastructural Project or other approved Public Good Development Project shall pay the investment of US$175,000 into an escrow account established at a licenced financial institution doing business in SKN identified by the Board of Governors, before the Certificates of Registration can be issued.
A main applicant of an application made under the previous Real Estate Option (under reg 5 of the CBI Regulations 2011) will be subject to post approval-in-principle CBI application fees.
Within 90 days of receiving the CIU’s notification of approval-in-principle, the following post-approval-in-principle CBI application fees must be paid:
