E.U. tells Caribbean nations: Stop selling citizenship or we’ll require visas
The European Union is giving five nations in the Eastern Caribbean two years to end their lucrative citizenship-by-investment programs or lose visa-free travel to the bloc, their leaders say. The nations — Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia — generate significant revenue through their programs. Foreigners who invest in their economies, buy real estate or pay their governments directly gain passports that allow visa-free travel to more than 140 countries and territories, including much of Europe. Costs begin at $200,000.
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