In these difficult times when RCBI industry just like rest of industries is under tremendous pressure, all key stakeholders in Antigua CIP are working hard to make sure that their program stay competitive and attractive in these times of crisis. A host of changes have been recently put in place to make the program ever more competitive than before:
1. Higher incentives for NDF donation cases.
2. Removal of Iraq as a sanctioned country: Iraqies can now apply just like anyone else.
3. Ease of conditions to allow citizens from restricted countries to apply: they can apply if they are out of the restricted country for 10 years, and have cut all economic ties with that country. Please note that this does not apply to Iranians, who still can’t apply no matter what.
4. Simplification of the Govt. Processing fee structure, that is now at $30,000 for all options.
5. Passport recall’s deadline is now December 31st, 2020. Holder of non-biometrics passports (issued before May 2017) won’t be able to use their passports to travel after that date.
6. Introduction of a new Limited Time Offer, until October 31st, 2020, to reduce cost of adding dependent children to already approved applications.
7. Allow the resell of real estate properties to a new CIP investors after 5 years.
8. During the COVID-19 crisis, CIU can accept cases with minimal documentation as a first step. Documentation that is non-essential for due diligence verification can be provided later in the process.
Source: Saadiya Saadat, Owner & MD Secondpass Global. Dated: 5April2020
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