Friday, April 19, 2024

Antigua offers incentives for Diaspora population

The Antigua & Barbuda Investment Authority (ABIA) has announced several incentives for Antigua and Barbuda population living abroad to invest in the country. This includes economic citizens who obtained citizenship through CIP.

The Diaspora Investment Partnership programme is designed to assist antigua & barbuda citizens residing overseas invest in their homeland’s future.

The Antigua & Barbuda Investment Authority (ABIA) has announced the exemption of select port charges for the diaspora, in an effort to attract the over 30,000 nationals living in the northeastern United States to invest.

Antiguans and Barbudans throughout the US and the diaspora, on a whole, now have the added benefit of avoiding the Revenue Recovery Charge (RRC) – a 10% port tax or customs duties when importing approved Construct Antigua and Barbuda Initiative (CAB-I) materials.

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Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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