# Caribbean citizenship by investment policy shifts > Developing situation record from CLSTR: https://clstr.news/situations/caribbean-citizenship-by-investment-policy-shifts > Updated: 2026-11-05T00:40:29.000Z. Sources: 7. Developments: 2. In Antigua and Barbuda, Prime Minister Gaston Browne has called for increased economic independence, emphasizing the importance of the Citizenship by Investment Programme (CIP) for funding public services and infrastructure. Browne noted that the European Union has requested the phasing out of the CIP by June 2028 to protect visa-free access to the Schengen Area, though the government has proposed a managed closure by the end of 2030. Concurrently, Barbados is implementing immigration reforms that move away from selling citizenship. New legislation, including the Immigration Bill and the Barbados Citizenship Bill, establishes a permanent residency pathway for investors. Under this framework, foreign nationals can apply for permanent residency by investing at least BDS$5 million into approved national development projects, such as renewable energy or healthcare. To obtain citizenship, investors must still undergo standard naturalization processes, including meeting residency requirements and passing security checks. ## Timeline ### 2026-11-05: Barbados rejects citizenship by investment in new immigration reforms Barbados has introduced new legislation to create a permanent residency pathway for investors through national development projects, while strictly prohibiting citizenship by investment. 2 sources. https://clstr.news/cluster/barbados-rejects-citizenship-by-investment-in-new-immigration-reforms ### 2026-11-01: Antigua and Barbuda Prime Minister Gaston Browne calls for economic independence Prime Minister Gaston Browne urged Antigua and Barbuda to seek economic independence, warning that phasing out the Citizenship by Investment Programme could strain public finances and increase taxpayer burdens. 5 sources. https://clstr.news/cluster/antigua-and-barbuda-prime-minister-gaston-browne-calls-for-economic-independence --- Cite as: Caribbean citizenship by investment policy shifts. CLSTR, https://clstr.news/situations/caribbean-citizenship-by-investment-policy-shifts