ST JOHN’S, Antigua (CMC) — The Antigua and Barbuda Government says it has been called upon by the European Union (EU) to phase out its Citizenship by Investment (CBI) programme by June 2028.

Antigua and Barbuda is among several countries within the Organisation of Eastern Caribbean States (OECS) which provides citizenship to foreign investors in return for making a substantial investment in their socio-economic development. The other countries in the sub-region with such programmes are Dominica, Grenada, St Lucia, and St Kitts and Nevis.

EU Commissioner Magnus Brunner in a June 25 letter addressed to Prime Minister Gaston Browne, said that Europe had formally requested that Antigua and Barbuda phase out its CBI programme by June 2028.