WILL WE SEE NOW CBI BUYERS' REMORSE, RESULTING IN LITIGATION, SINCE THE EU ORDERED AN END TO CARIBBEAN PASSPORT SALES BY 2028 AS A CONDITION OF FUTURE ADMITTANCE TO EUROPE

The five EC economic passport-issuing states

Now that the investment migration industry has gotten over the initial shock of learning that its favorite sales item, Caribbean citizenships with visa-free EU access, must disappear entirely in 2028, what will their affluent customers who purchased these soon-to-be-useless-for-Europe identity documents do about their situation?

Will they order their principal law firms to bring suits against the sales consultancy that sold them the six figure investment, and under what theories of liability? Will they also find a way to target the governments that failed to timely reform their citizenship programs, notwithstanding the laws on sovereign immunity?

I am certainly not qualified to answer these questions and analyze these complex issues, but consider this: when Portugal abruptly changed the game with time necessary to secure citizenship in its popular program, investors promptly banded together, and took steps to move, as a group, against these untoward developments. I fully expect to see pushbacks against those entities which investors believe have wronged them, in the coming months, resulting in the overnight closure of CBI consultancies, especially in such unregulated jurisdictions as Dubai, with more after June 2028, when it all must end for the Caribbean economic passport programs; Watch for it.