The EU is threatening travel restrictions for countries offering citizenship-by-investment programs, forcing a reckoning for golden visa holders.
The European Union has issued an ultimatum to Caribbean nations offering golden passport programs (citizenship-by-investment schemes): shut them down or face travel restrictions for their citizens. The EU views these programs as security and money-laundering risks and has put several nations on notice.
This affects anyone who has obtained or is considering obtaining citizenship through investment in countries like Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St. Lucia. If your country's program is shut down or restricted, your passport's value—particularly visa-free travel to the EU—could be compromised.
Golden passports from Caribbean nations may lose EU visa-free access.
If you hold a golden passport from a Caribbean nation, monitor EU policy developments closely. Some countries are moving to tighten vetting or increase investment minimums to appease the EU. If you're considering a citizenship-by-investment program, research the issuing country's relationship with the EU and other major blocs. A citizenship that loses visa-free access is significantly less valuable. Consult a residency and citizenship specialist before committing capital.
Source: original report ↗
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