The National Development Fund (NDF) is a non-profit fund that is subject to parliamentary oversight by way of a six monthly report to be presented to Parliament in sufficient detail to allow for transparency and accountability. The fund will also be audited by an internationally recognised accounting firm.
It is established under section 42(2) of the Finance Administration Act 2006 for the purpose of funding government sponsored projects, including public-private partnerships and approved charitable investments.
Acquisition of citizenship under the NDF investment option requires a contribution to the National Development Fund in the minimum sum of US$100,000 per application. The contribution is in the form of a one-time payment.
The primary applicant may include spouse, dependent children and dependent parents over 58 years of age within the application with no additional NDF contribution required, although government and due diligence fees will be payable per each individual which are outlined within the fees section.
The application process is fairly straightforward and application forms can be obtained from a local authorized agent, whom has been licensed by the Citizenship by Investment Unit (CIU).
Contribution to the National Development Fund
A. For a single applicant, or a family of 4 or less
Processing fees: US$25,000
B. Family of 5 or more
Processing Fees: US$15,000 for each additional dependent