Antigua and Barbuda to focus on Digital Nomad Programme as future of CIP hangs in the balance

The content originally appeared on: Antigua News Room

CABINET NOTES:

The Cabinet invited to its meeting the Head of the Citizenship by Investment Unit (CIU) and a CIP Expert who has more than thirty years of trading in the citizenship of several countries.

He brought the Cabinet’s attention to a European Parliament press release of February 15th, 2022.

The release calls on the states operating CIP Programmes to end their schemes by 2025; that request would include five of the six OECS independent states.

The Europeans are discussing the possibility of ending the Schengen visa programme–that allows visitors entry into one European state and unimpeded access to the other twenty nine–for those countries operating CIP Programmes.

The European Parliament also asked their members to discontinue their CIP Programmes (Cyprus, Malta).

The Antigua and Barbuda Digital Nomad Programme is one alternative that could be more fully exploited, since it does not involve alleviating tax burdens which the Organization for Economic Cooperation and Development (OECD) deems to be unfair competition.

The Head of the CIU and the CIP expert will return to Cabinet in three weeks with a plan that can possibly surmount the concerns of the OECD.

Support Antigua Newsroom from as little as $5 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.