A Shift for ‘Citizens of the World’ From Europe to the Caribbean?

EU Justice Commissioner Vera Jourova told German newspaper Die Welt that “the granting of citizenship poses a serious security risk because it gives beneficiaries all the rights of EU citizens and allows them to move freely throughout the Union”. The Czech politician continued that the Commission is “extremely concerned” about the escalation of “golden passports,” being offered.

The Caribbean finance sector remains a local lifeblood, but one that is totally global in reach. The region is recognised as an epicentre of offshore banking, for all the challenges (and virtues in other instances) that can come with that. Yet though the offshore banking industry has long been a global concern, the growing pressure from the EU on Citizenship by Investment Programmes (CIPs) means there are signs the ‘party is coming to an end’ across the European continent. This has implications not just

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