Grenada’s Prime Minister Dickon Mitchell has indicated that his administration wants to preserve both the country’s Citizenship by Investment (CBI) programme and its citizens’ visa-free access to Europe’s Schengen Area.
The position comes amid increasing pressure from the European Union on several Eastern Caribbean countries to phase out their citizenship-by-investment programmes.
Mitchell said Grenada would prefer to maintain both arrangements and that negotiations with European authorities would require careful consideration.
The issue has become increasingly important for Caribbean governments that rely on investment citizenship programmes as a source of national revenue.
Antigua and Barbuda, Dominica, Saint Lucia, and Saint Kitts and Nevis are also affected by the European discussions.
