Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) for each main applicant.
Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependant of the main applicant who is over the age of 16 years.
On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:
- Main applicant: US$35,050
- Spouse of the main applicant: US$20,050
- Any other qualified dependant of the main applicant regardless of age: US$10,050
In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).