EU warns Caribbean nations to end CBI programs by 2028

Published on Β· Source: cnbc.com

EU warns Caribbean nations to end CBI programs by 2028

AI Summary

Summarized by AI from the source below

The European Union has notified five Caribbean nations that they must terminate their citizenship-by-investment (CBI) programs or risk losing visa-free access to the Schengen area by 2028. Countries currently offer citizenship through investments starting at around $200,000, which serve as a crucial revenue source. The nations involved, including Antigua and Barbuda and St. Kitts and Nevis, are planning a coordinated response, indicating they may negotiate with the EU. This development is important for ordinary investors as the stability of CBI programs directly affects investment opportunities in these regions.

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