Wednesday 16th May, 2018 –Cabinet has added a fourth option to the Citizenship by Investment Programme the proceeds of which is expected to fund the fourth landed campus of the University of the West Indies at Five Islands.
The fourth option will be the sum of US $ 150,000 per file.
Cabinet Spokesperson Melford Nicholas explains.
The three options that currently exist are:
Contributions to the National Development Fund, Investment and Real Estate.
In order for the fourth option to be added to the CIP, legislative changes must be made to the existing law.
Cabinet Spokesperson, Information Minister Melford Nicholas.