By Shermain Bique-Charles
(Antigua Observer) – A group of concerned leaders in the global investment migration industry wants, as a matter of urgency, a meeting between the Prime Ministers of countries with Citizenship by Investment Programmes (CIPs) and the President of the European Commission.
The latest recommendation follows calls in February by the European Parliament for the European Commission to come up with a plan requesting that all countries with CIPs close down those programmes as soon as possible.
The group insists that if implemented, this plan would be devastating to all countries with CIPs in the Caribbean, as CIP funds constitute a significant percentage of their annual GDPs.
A virtual meeting was held among members of the investment grouping recently, to discuss ways to help the targeted Caribbean nations. It is their belief that all CIP countries need to act swiftly in order to safeguard their economies.
Apart from the meeting, the body which represents all CIP countries said an avenue must be made to explain to the European Commission the depth of global due diligence performed on all applicants, including using the services of international due diligence firms as well as various national and international law enforcement agencies.
The EU must, according to the leaders, be informed about the importance of the CIP industry to the economies of these countries and to their local populations.