Verandah Estates - Sold Out!
Good news, we have sold out our real estate project - The Verandah Estates. We are proud of this project as it will create lasting value for each investor and we want to thank everyone who helped us promote it.
The Hammock Cove extension is also almost complete. If you are not familiar with this hotel which was built in 2019, you can view it here: https://www.hammockcoveantigua.com/.
This is currently Antigua's top high end hotel and is a wonderful experience. For your clients who plan to visit Antigua, I suggest they consider this hotel or any of Elite Island Resorts’ properties: as they are sure to have a great stay.
We are actively working on launching a new project and we will share details as they become available.
Processing Times - New Applications
We understand that managing the clients who applied in the summer of 2024 has become difficult because of the delays those clients are currently experiencing. Our entire team in Antigua and overseas is working very hard to stay on top of the CIU to ensure each file keeps moving forward.
I want to highlight some good news here though: because application volume since August has been manageable, we are already seeing that the processing of new applications will be much faster.
At this time, I expect that an application submitted today would be processed within 8-10 months as the CIU is working through the majority of their backlog.
The CIU is fully committed to bringing processing times back to an acceptable delay, and they are deploying resources and developing processes to make that happen. We are seeing the results of those efforts and we expect that trend to continue.
If you have any questions or concerns, please do not hesitate to reach out to anyone on our team.
