The Schengen Reckoning: Caribbean CBI Passports Face Uncertain Future The European Commission has sent letters to five Eastern Caribbean countries, warning them that their citizenship by investment (CBI) programs must be phased out by June 2028 or risk losing visa free access to the Schengen area.
While this is not an automatic cancellation date, the warning carries significant weight.
The Commission's revised Visa Suspension Mechanism explicitly defines the problem as citizenship granted in exchange for predetermined payments or investments without a genuine connection between the applicant and the country.