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Antigua and Barbuda Government : Citizenship by Investment Unit Opens

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09/01/2013 | 12:42pm EDT

Citizenship by Investment Unit Opens

Posted On: September 1, 2013

During the seating of the House of Representatives on Wednesday, Prime Minister Hon. Baldwin Spencer announced the opening of the Citizenship by Investment Unit.

The Prime Minister said that Canadian Mr. Don Myatt, will head the Citizenship by Investment Unit (CIU). Mr. Myatt is said to have over 30 years of experience in the area of Foreign Service. The Prime Minister also divulged the location where the Unit will be housed; the third ?oor of the ABI Financial Centre. Mr. Myatt will be supported in the Unit by an operations compliance of?cer, project development of?cer, ?nancial controller, compliance of?cer, operations clerk and secretary.

During this week's seating, seven Bills were debated. The House of Representatives debated two motions to facilitate the government borrowing Ten Million US Dollars from the World Bank for ?nancing the public and social sector transformation project and twenty-one million, nine hundred thousand US dollars from the Caribbean Development Bank to on-lend to LIAT 1974 Limited for the purpose of ?nancing the ?eet modernization project of LIAT 1974 limited.

During the sitting of parliament, Finance and Economy Minister, the Hon. Harold Lovell will led the debate on the Cooperative Societies (Amendment) Act; the Personal Income Tax (Amendment) Act; the Data Protection Act; and the Statistics Act, 2013.

Attorney General, the Hon. Justin Simon QC, moved the second and third readings of the Offences Against the Person (Amendment) Act, the Electronic Evidence Act; and the Electronic Crimes Act, 2013.

First Readings of the Electronic Transactions Act, Criminal Records (Rehabilitation of Offenders) Act, Proceeds of Crime (Amendment) Act, Audit Act, Institute of Chartered Accountants of the Eastern Caribbean Agreement Act, and the Tourism and Business (Special Incentives) Act, 2013 also formed part of the sitting of the House.

The Personal Income Tax (Amendment) Act, moved by Minister Lovell, seeks to amend the Personal Income Tax Act, 2005, with a view to clarifying the type of income of an individual which is exempted from the payment of tax under the personal Income Tax Act, 2005.

The Data Protection Bill seeks to promote the protection of personal data processed by public and private bodies and for incidental and connected purposes. It also confers additional duties, with respect to data protection, on the Information Commissioner, whose of?ce is established pursuant to the Freedom of Information Act 2004.

The Electronic Evidence Bill, moved by Attorney General Justin Simon QC, contains three parts and seeks to make provision for the legal recognition of electronic records and to facilitate the admission of such records into evidence in legal proceedings.

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