The European Parliament’ decision to abolish “golden passport” schemes by 2025 may have negative implications for Saint Lucia and its Citizenship by investment programme. The European Parliament stressed that golden passports, or citizen by investment schemes, allow third-country nationals to acquire citizenship rights in exchange for money and undermine the essence of EU citizenship. It has been reported that Caribbean islands selling their citizenship have been given an ultimatum. Investment Minister, Dr Ernest Hilaire says that while he is aware of the reports, he has received no official word from EU officials.

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