New CIP option to come soon for $150K

(file photo)

CABINET NOTES

Today, the Antigua Barbuda Labour Party Cabinet announced a new option through which investors can obtain an Antigua and Barbuda passport.

According to a release from the government, the new option would be made available as soon as legislative changes are made before September.

Notes from Cabinet this evening insicate, “Cabinet decided to create a fourth option under the CIP for the sum of US$150,000 per file. The innovative legislative change to the CIP law will be used to fund Antigua’s university at Five Islands.”

It continued, “The Cabinet agreed that a university system present on Antigua and Barbuda’s soil will inspire many youth to pursue tertiary education. By securing funding through the CIP mechanism, tertiary education will be made more accessible, less costly, trigger many spin-offs by way of collaboration with other universities, and generate even a greater demand for tertiary education. The proposal will go before the parliament in due course, but before September 2018.”