A non-refundable administration fee with regard to an approved real estate project that includes an educational institution shall be waived for —
(a) an applicant; and
(b) the qualifying dependant of an applicant —
(i) if the applicant made an application for citizenship by investment including a qualifying dependant who is a child less than 18 years of age, and
(ii) if the qualifying dependant submits to the Board a letter of acceptance from an educational institution that is established or to be established within the approved real estate project.
(Inserted by S.I. 73/2020)