{"id":9892,"date":"2017-12-04T15:21:38","date_gmt":"2017-12-04T19:21:38","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=9892"},"modified":"2017-12-04T15:21:38","modified_gmt":"2017-12-04T19:21:38","slug":"cip-sales-bouncing-back","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/cip-sales-bouncing-back\/","title":{"rendered":"CIP sales bouncing back"},"content":{"rendered":"
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The poorly performing Citizenship by Investment Programme (CIP) is up by 20 per cent for November when compared to the past few months.<\/span><\/p>

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The programme<\/span>\u00a0has been declining since Canada removed visa-free status for Antigua and Barbuda passport holders, and the government has been attempting to come up with innovative ways to stem the drop in applications.<\/span><\/p>\n

Charmaine Quinland-Donovan, the programme\u2019s\u00a0chief executive officer (CEO) said September was a challenging month for the programme. <\/span><\/span><\/p>

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She said the passage of the hurricane played a role in reduced applications. According to her, emails were quickly sent out and during participation at several international forums marketing partners were notified that Antigua was not impacted by hurricanes Irma and Maria and was open for business and accepting applications for citizenship.<\/span><\/p>

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\u201cI think for a very short period, a very brief period, persons thought that Antigua was also affected, but immediately thereafter we sent out emails to our stakeholders externally and international stakeholders to let them know that we are open for business. We have not been affected, we are open for business. <\/span><\/p>\n

\u201cBecause of the displacement of travel, flights, courier services we saw a slight dip in the submission of applications in September. In October we saw it coming back up, and as I said earlier in November we are actually seeing much more than we have seen in the past few months. I would dare say 20 per cent more than what we have been seeing in the past few months,\u201d Quinland-Donovan said on Antigua Today. <\/span><\/p>

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Quinland-Donovan said this year has been a slower year when compared to 2016 which she blamed on what was occurring in the market with competition from St Lucia and a re-branded programme in Grenada within the last two years.<\/span><\/p>\n

\u201cI think this really affected our programme to some extent, but with the reduction in the processing fees, particularly we saw that we were doing ourselves an injustice competitively because when we look at our processing fees compared to the rest of the region we were way higher, and we were pricing ourselves out of the market, so there was the adjustment with the processing fees initially, and then now that we have reduced the investment amount for the National Development Fund (NDF), we are seeing a lot more interest in the programme,\u201d added the CEO.<\/span><\/p>

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She said the prospects for growth with CIP applications for December is looking well.<\/span><\/p>

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The poorly performing Citizenship by Investment Programme (CIP) is up by 20 per cent for November when compared to the past few months. The programme\u00a0has been declining since Canada removed visa-free status for Antigua and Barbuda passport holders, and the government has been attempting to come up with innovative ways to stem the drop in […]<\/p>\n","protected":false},"author":3,"featured_media":8177,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1,5],"tags":[],"class_list":["post-9892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-news"],"yoast_head":"\nCIP sales bouncing back - 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-sales-bouncing-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIP sales bouncing back\" \/>\n<meta property=\"og:description\" content=\"The poorly performing Citizenship by Investment Programme (CIP) is up by 20 per cent for November when compared to the past few months. 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