ARTICLE · 19 JANUARY 2024

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The Evolution Of Investment-Based Citizenship: Transitioning From Caribbean To EU Golden Visa Programs

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In the realm of investment-based citizenship, Caribbean Citizenship by Investment (CBI) programs have long been favored by those seeking an additional passport.

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In the realm of investment-based citizenship, Caribbean Citizenship by Investment (CBI) programs have long been favored by those seeking an additional passport. However, the shifting global landscape is now challenging their dominance. A critical juncture has arrived with the European Union's potential move to end visa-free travel for Caribbean CBI holders, urging a reassessment of the sustainability of these programs.

In a notable development towards the end of 2023, reports emerged that the European Commission had communicated with Prime Minister Ralph Gonsalves of Saint Vincent & The Grenadines about the impending cancellation of visa-free access to the Schengen Area for Caribbean nations with CBI programs. European authorities stressed that this revocation is not a question of 'if' but 'when'. Caribbean CBI nations have responded by initiating bilateral negotiations with European nations to circumvent this situation, highlighting growing concerns about the

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