ARTICLE
14 April 2025

Caribbean Citizenship Programs Under Fire: Why Smart Investors Are Turning To The EU

S
S&A

Contributor

C.Savva & Associates Ltd (“S&A”), a Cyprus registered company, is authorised and regulated by the Cyprus Securities and Exchange Commission. S&A provides high level Cyprus and international tax advice, assists with the formation and ongoing administration of Cyprus companies, investment funds, international trusts, special license firms and offshore structure.
As global uncertainty rises and international scrutiny of citizenship by investment (CBI) programs intensifies, high-net-worth individuals are beginning to reassess their options.
Cyprus Immigration

As global uncertainty rises and international scrutiny of citizenship by investment (CBI) programs intensifies, high-net-worth individuals are beginning to reassess their options. One of the clearest signs of this shift came recently when U.S. Senator Marco Rubio visited Antigua and Barbuda and reportedly voiced strong concerns over the country's CBI program. His criticisms, which focused on national security risks, insufficient due diligence, and the overreliance of some Caribbean economies on citizenship revenues, have revived long-standing unease in Washington surrounding these schemes.

Local officials in Antigua have dismissed the remarks, stating that the concerns are misinformed or based on outdated perceptions. But regardless of whether the criticisms are accurate, the signal from global powers like the United States is unmistakable: programs viewed as opaque or lacking oversight are likely to come under increasing pressure. And that pressure doesn't just impact governments—it directly affects investors who rely on these passports for global access and security.

For many discerning investors, this evolving landscape is prompting a decisive shift in strategy. Rather than risk exposure to programs that could be blacklisted, lose visa-free travel rights, or face sudden regulatory tightening, a growing number of individuals are turning to the European Union's residency and citizenship solutions. These programs are governed by the rule of law, meet the EU's rigorous due diligence standards, and are far less vulnerable to interference from non-EU powers.

One country increasingly in the spotlight is Cyprus. With its long-established Permanent Residency Program and its recent confirmation that it will officially enter the Schengen Area in early 2026, Cyprus is fast becoming one of the most strategic residency destinations in Europe. Investors can obtain permanent residency in Cyprus through a property investment of just €300,000, and the process is streamlined, with approval typically granted within two to three months. There is no physical presence requirement, only a visit every two years, and residency is granted for life. Once Cyprus joins Schengen, this permit will become even more powerful—providing visa-free access across 27 European countries.

Another standout option is Greece, which continues to offer one of the EU's most attractive Golden Visa programs. A real estate investment of €250,000 (or €500,000 depending on location) qualifies investors and their families for a renewable five-year residence permit. Unlike many other residency schemes, Greece's Golden Visa allows immediate access to the Schengen Zone and requires no minimum stay. For those considering eventual EU citizenship, Greece also offers a clear path: after seven years of legal residence, applicants can apply for naturalisation, provided other criteria are met.

What unites both the Cypriot and Greek programs is their credibility. These are transparent, EU-backed initiatives that meet international compliance standards and enjoy widespread diplomatic recognition. They are not subject to the same geopolitical headwinds now threatening the Caribbean CBI landscape. More importantly, they are built for long-term benefit, not just short-term convenience.

Senator Rubio's recent comments should serve as a wake-up call to anyone considering a second citizenship or residency option. The global environment is shifting, and programs that lack strong institutional backing are increasingly vulnerable to diplomatic and regulatory pressure. For those looking to protect their families, their mobility, and their financial freedom, EU residency and citizenship options are emerging as the clear, future-proof choice.

In this climate, choosing where to invest is no longer just about cost or processing time—it's about sustainability, reputation, and long-term security. Europe offers all three. And with developments like Cyprus' Schengen entry on the horizon, the time to act is now.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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