{"id":104779,"date":"2020-02-26T23:30:49","date_gmt":"2020-02-27T03:30:49","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=104779"},"modified":"2020-02-26T23:40:18","modified_gmt":"2020-02-27T03:40:18","slug":"cip-agents-to-get-increased-commission-to-incentivize-sales","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/cip-agents-to-get-increased-commission-to-incentivize-sales\/","title":{"rendered":"CIP Agents To Get Increased Commission To Incentivize Sales"},"content":{"rendered":"
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The government is hoping that an increase in the commission paid to Citizenship by Investment Programme (CIP) agents will result in more revenues for the country in short order.<\/p>

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The director of the Citizenship by Investment Unit (CIU) and the Chairman were invited to Cabinet in order to report and plans to increase the revenue-yield from the Citizenship by Investment Program (CIP).<\/p>\n

The government says changes made over the years to the programme were not so focused upon profitability.<\/p>

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“At this time, changes that could attract more traffic and more revenue are being contemplated,” it was reported after Wednesday’s Cabinet.<\/p>

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“Commissions paid to agents, for example, that are currently among the lowest-paid in the region by the Antigua and Barbuda CIP will be increased. A plan to bring more files by increasing the incentives to agents was articulated and agreed; it will not lessen the revenue to Government under the NDF option,” it was reported.<\/p>\n

Meantime, a change to the Real Estate option of the CIP was also announced.<\/p>

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It will allow for two persons to pay $200,000 each, or for the same $4000,000 total, but for each to receive separate title.\u00a0Large files of four or more family members that currently come from Saudi Arabia, Brunei, Dubai and others will be diverted to the University support option at $150,000\u00a0per file\u2014the same amount which would be paid-in currently to the CIU.<\/p>\n

The Cabinet anticipates that the attractiveness of the increased commissions will be felt in as little as two weeks, if the announcement goes out shortly. It was so ordered. Where necessary, amendments to the law will come in two weeks when the Lower House is expected to convene. A stronger performance is anticipated.<\/p>

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The government is hoping that an increase in the commission paid to Citizenship by Investment Programme (CIP) agents will result in more revenues for the country in short order. The director of the Citizenship by Investment Unit (CIU) and the Chairman were invited to Cabinet in order to report and plans to increase the revenue-yield […]<\/p>\n","protected":false},"author":3,"featured_media":8177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-104779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCIP Agents To Get Increased Commission To Incentivize Sales - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/cip-agents-to-get-increased-commission-to-incentivize-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIP Agents To Get Increased Commission To Incentivize Sales\" \/>\n<meta property=\"og:description\" content=\"The government is hoping that an increase in the commission paid to Citizenship by Investment Programme (CIP) agents will result in more revenues for the country in short order. 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