Discussions are taking place at the senior government levels on the Citizenship by
Investment Programme (CIP) in light of what has been described as an ‘attack that
seemingly’ has been launched against this programme.
Government sources say there is growing concern over the changing attitude of the
European and U.K governments towards the CIPs operated by OECS states.
“The EU (European Union) has made a number of proposals to OECS countries
operating CIP programs that Antigua and Barbuda favors. For example, the EU
proposes to return the minimum threshold to US$200,000. The minimum is now
US $100,000 and secondly to change the minimum in real estate investment to US
$400,000. The Antigua and Barbuda real estate investment amount is US
$400,000.00,” the source stated.
Several OECS CIP states have expressed a lack of faith in any EU promise not to
create barriers that would make their program less competitive. The EU proposal
also requires the submission of the names of those seeking citizenship to their
police agency.
