I am hoping that someone will be able to walk me through the steps of applying for a PRC as a retiree. My wife and I are aware of the need to invest $1,000,000 for Provo or $300,000 on other islands in either new property or renovation of existing property. If new property, does the investment include the cost of the land or only the construction cost? Is there a minimum assured income requirement? If so, how much (and is that per person or as a couple?)? Is completion of a knowledge of the island test still required?
Thank you.