Cabinet ministers are actively considering alternatives to the country’s lucrative Citizenship by Investment Programme (CIP) should the European Union follow through with threats to remove visa-free travel to Europe’s Schengen Area from countries that currently have CIPs.
Yesterday’s Cabinet notes revealed that talks were held with an expert in the industry during Wednesday’s sitting.
The Cabinet believes that Antigua and Barbuda’s digital nomad programme is one alternative that could be fully exploited, since it does not involve alleviating tax burdens which the Organization for Economic Cooperation and Development (OECD) deems to be unfair competition.
“We are certainly gonna look at strengthening that and to see whether it will offer us another leg to stand on should there be any precipitous decline in our particular CIP programmes,” Information Minister Melford Nicholas said at Thursday’s post-Cabinet press briefing.
See the entire article at: Antuigua Observer