Cabinet to propose creation of a CIP Regulatory Commission in the Caribbean

The content originally appeared on: Antigua News Room

CABINET NOTES: The Cabinet agreed to propose the creation of a CIP Regulatory Commission among the Caribbean countries that market their citizenship.

The Commission would seek to blunt the announcement that European countries are moving to block CIP states from enjoying the privileges of Schengen visa waivers.

The OECS Assembly meets in Antigua on Friday and there is every possibility that the subject will be broached by the Antigua and Barbuda delegation.

The Cabinet agreed to amend the CIP law of 2013 so that the program can be known as The Residency and Citizenship by Investment Program.

The United States, it was pointed out, runs a similar program. Those who wish to establish residence in Antigua and Barbuda will be able so to do under the identical conditions as under the citizenship program.

It will allow those who wish to retain their citizenship of their place of birth to enjoy virtually all the benefits of the Citizenship by Investment Program without having citizenship conferr

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