Markets

Antigua and Barbuda Begins Consultations on Citizenship by Investment

By: Caribbean Journal Staff - October 16, 2012

Above: Antigua (CJ Photo)

By the Caribbean Journal staff

Antigua and Barbuda has begun a series of consultations on a proposed Citizenship by Investment programme in the country.

The first of four consultations took place at the end of last week at Antigua’s Multipurpose Cultural and Exhibition Centre.

Antigua already has a task force in place examining the possible implementation of CIP, which has been in consultations for the past 16 months, debating whether citizenship or residency would work best.

“The issue of citizenship was not something we defaulted to,” said Fitzmaurice Christian, the investment promotion director at the Antigua & Barbuda Investment Authority.

The task force was given several areas to consider: the best strategy to support investment and residential tourism, the risk and necessary safeguards of implementation, the potential business benefits and the legislative amendments that would be required.

Christian said that pursuing the route of CIP was in part due to looking for new ways to stimulate growth, as international funding agencies have reduced the amount of aid they are offering to developing countries.

Antigua Prime Minister Dr Baldwin Spencer says the programme would look to revitalize the economy, and to be a tool to “leverage [Antigua’s] network of international relations and physical and social attributes to attract resources for development from reputable individuals.”

The second consultation was held Monday, with two more this week.

Popular Posts

A.R. Carnegie, 74, Caribbean Legal Legend

A Caribbean Journal Editorial He was never a judge, never a Queen’s Counsel. His robes were never silk. But A. Ralph Carnegie was a Caribbean John Marshall if there ever was one. Ralph Carnegie, A.R. in scholarly texts, passed away […]


Robinson: Manatt Approached Government

Lackston Robinson, Jamaica’s Deputy Solicitor General, testified that it was the law firm Manatt, Phelps and Phillips, and not the Jamaican Government/Jamaica Labour Party, that made the first move to solicit a contract to lobby the White House, he told […]


IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will […]


Related Posts dominica citizenship by investment

Dominica's Citizenship by Investment Program, Explained

By Joe Pike, Special Contributor to CJI Dominica’s Citizenship by Investment Program (CBIP) was launched in 1993, making it one of the longest-standing such programs in the world and has garnered a solid reputation for its transparency and efficiency. So […]


Hotels, Film Projects Driving New Investment in Nevis

nevis investment

By Joe Pike, Special Contributor Caribbean Journal Invest (CJI) recently chatted with Nevis Tourism Minister Mark Brantley about why the destination is one investors should consider both during and after the COVID-19 pandemic. “Nevis offers a very welcoming environment of […]


New Dominica Hotel Project Joins Country’s Citizenship by Investment Program

dominica vaccinated travelers

By Joe Pike, Special Contributor A “Timbo”-branded property in Dominica is now the eighth approved development that applicants can invest in under the Citizenship by Investment (CBI) Program.  The upcoming boutique resort, Timbo’s Downtown, is anticipated to become an option […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You