{"id":53554,"date":"2017-02-28T13:37:25","date_gmt":"2017-02-28T13:37:25","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=8959"},"modified":"2019-02-12T14:05:50","modified_gmt":"2019-02-12T19:05:50","slug":"antigua-barbuda-takes-citizenship-investment-earnings-hit-2","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/antigua-barbuda-takes-citizenship-investment-earnings-hit-2\/","title":{"rendered":"Antigua & Barbuda Takes Citizenship-by-Investment Earnings Hit"},"content":{"rendered":"
Antigua & Barbuda took a hit on its citizenship-by-investment earnings for 2016 as a result of more applicants choosing to invest in real estate, businesses and individual projects instead of the National Development Fund.
\nEarnings from the CIP<\/a> are expected to drop from 100 million East Caribbean dollars in 2015 to 80 million East Caribbean dollars in 2016, a drop equivalent to about CAD$10 million.
\n
\nOfficials from the country\u2019s Citizenship-by-Investment Unit (CIU) say candidates investing directly in projects instead of the general fund means decreased revenues for the government.
\n\u201cIt\u2019s not that necessarily the numbers have reduced, but the options that have been taken up by investors may change,\u201d Thomas Anthony, Deputy CEO of the CIU, told the country\u2019s Daily Observer website.<\/p>\n
\nAntigua & Barbuda CIP: Investment Requirements<\/h3>\n