✉news WorldEU Politics first seen 7 h ago, last 40 min ago, peak #5
EU tells small islands to end citizenship-by-investment schemes by 2028
Original: European Union tells small islands to cease selling passports by 2028 or else
The European Union has told small island states to stop selling citizenship through investment programmes by 2028 or face consequences, reportedly including the suspension of visa-free travel to Europe. The scheme, used by several Caribbean and Pacific nations to raise revenue, has drawn criticism over security risks and buyers gaining EU access without residence requirements. Governments concerned now face pressure to overhaul a key source of income.
Why now: The EU's 2028 deadline threatens the visa-free access and revenue model of states that rely heavily on citizenship-by-investment income.
European UnionCaribbean statescitizenship-by-investment programmes
Evidence
- European Union tells small islands to cease selling passports by 2028 or else · caribbeanlife.com
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