Mounting international pressure, particularly from the EU and UK, has cast doubt on the future of the Citizenship by Investment Programmes (CIP) in several Caribbean countries.
Minister Melford Nicholas highlighted the importance of tax revenue in supporting the country’s development.
Actions taken by the UK against Dominica’s visa-free access have raised concerns that other nations could face similar consequences.
Antigua and Barbuda’s government is preparing to safeguard its economy and revenue streams by exploring alternative measures, including improving tax collection.