CIP Board One Step Closer To Establishment

522

Thursday 31st May, 2018 –The appointment of a Board to oversee the Citizenship by Investment Unit is closer to becoming a reality.

The amendment to the Antigua and Barbuda Citizenship by Investment Act, 2013 was passed in the House of Representatives when parliament convened today.

The five-member board which will be appointed by the Finance Minister and serve for three years,  will be tasked with ensuring the Citizenship By Investment Unit (CIU) “conforms to the broad policy guidelines outlined by the CIP law, including the due diligence investigations.”

M.P Lennox Weston.

Minister Weston has assured that all competent people will be appointed to ensure the rules and guidelines are adhered to.

Meantime, Prime Minister Gaston Browne has reiterated Antigua and Barbuda’s CIP is being operated in the strictest possible way.