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Summary of this video:

💼 EU's Plan to Restrict Second Citizenship

- The EU aims to limit second citizenship options, especially citizenship by investment programs.

- EU officials have met with Caribbean countries to discuss tightening rules, raising prices, and imposing more regulations on citizenship by investment programs.

- The EU wants these programs to have million-dollar minimum prices, reducing accessibility.

🌐 Impact on Citizenship by Investment Programs

- The EU's proposed price increase may lead to the demise of Caribbean citizenship by investment programs.

- This could drive investors towards other countries like Malta, affecting the Caribbean's competitiveness.

- The EU assures that current visa access for Caribbean citizens will remain intact, but future changes are possible.

🛡️ Concerns About Russian Citizens

- The EU expresses concerns about Russians obtaining Caribbean citizenship and demands a review of applications.

- They want to ensure clean applications and may revoke citizenships obtained through unofficial discounts.

- EU officials are particularly wary of Russian applicants in Grenada and similar programs.

💼 Scrutiny on Real Estate Projects

- EU officials question the validity of some real estate projects in Caribbean citizenship programs.

- Doubts about project completion and ongoing lawsuits against developers raise concerns.

- The EU wants more control over the citizenship process and program quality.

🧐 EU's Influence and Considerations

- The EU's desire to control various aspects of citizenship programs reflects its socialist tendencies.

- The EU seeks to exert influence over member countries, leading to resistance from some, like Hungary.

- Despite EU's efforts, Caribbean citizenship programs are still recommended, but potential investors should act quickly and avoid unofficial discounts.


DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

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