The Dominica Citizenship by Investment Unit of the Citizenship by Investment Agents Program has warned applicants of promising visa-free travel to the European Union and the United Kingdom.
According to an Investment Migration Insider report, the warning comes after the European Union Commission proposed to partially suspend Vanuatu’s visa waiver agreement with countries in the European Union and the Schengen area, after the latter used visa-free travel to the European Union and the United States. The kingdom is in their marketing program, TheSchengen.com reports.
In addition, the investor citizenship schemes that Vanuatu has operated since 2015 are being commercially promoted with the express aim of granting visa-free access to the EU, while the Visa Waiver Agreement is not intended to allow visa-required travelers to circumvent visa requirements from During the acquisition of Vanuatu citizenship,” the European Union Commission noted in the letter.
In order to prevent a potential “risk” to the citizenship-by-investment program, authorities in Dominica have urged CIU agents not to include harmful marketing in their programme.
Additionally, there are specific requirements that agents must follow, including the following:
Agents should not indicate visa-free travel to certain countries and regions, including the European Union and the United Kingdom, or claim that applicants can obtain citizenship through this program by investing at costs below the required minimum. Besides, displaying Dominica passport photos or using “selling passports” or similar terms is also prohibited. Agents must not promote or advertise the scheme using SMS, push messages, group exams and other alerts over the phone and social media. At the same time, the false claim that people interested in such a program will receive a Dominican passport as part of the scheme process is also prohibited.
“It is prohibited to state the number of applicants who have been granted citizenship through the program and the country of origin of those applicants unless this information has been officially published by the government. It is prohibited to promote the program by associating “special offers” or “special discounts” with the program,” the letter said. To Agents by CIU, as reported in Investment Migration Insider.
The letter also stresses that it is prohibited to compare the Program with other similar programs with information that goes beyond “accurate fact and willfully misrepresents details of the Program that are not in line with those required by law or government directive or information relating to the information on the Dominica Citizenship by Investment Unit website.”
The EU Commission has often urged European countries to end their golden visa programs, as such schemes, according to the commission, represent an open door to money laundering, corruption and other illicit affairs.