Starting August 1st, applicants for Antiguan citizenship through the Citizenship by Investment Programme (CIP) will face higher costs. The minimum investment will double from US$100,000 to US$200,000.
Finance Minister Gaston Browne introduced this resolution in the Lower House, aligning with a harmonized approach among several OECS Member states offering economic citizenship.
These states signed a Memorandum of Understanding (MOU) last month.
Previously, Antigua’s minimum investment was US$200,000, but competition with other programs reduced it to US$100,000, resulting in a decline in applications.
The territories also agreed to establish an independent regulatory body to enforce standards and ensure due diligence, preventing applicants rejected by one program from being accepted by another.
Additionally, the investment options will see increases starting August 1st.
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No……
This will not end well.
The international embarrassment continues.
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