The EU is voicing concerns about Citizenship by Investment (CBI) programmes in the Caribbean and proposing changes to suspend the visas of those who purchased passports through these programmes.
The EU issued a report highlighting the extent of CBI passport sales in Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia, revealing 88,000 passports have been sold, with Dominica accounting for 34,500, more than the government reported. The EU is proposing stronger visa suspension mechanisms to address the risks associated with CBI programmes, including infiltration of organised crime, money laundering, tax evasion, and corruption.
Source: Caribbean Insight – The Caribbean Council (October 2023)