Who will be next? Where will the trend go as Ireland closes its Gold Residency Program?

The EU's Golden Visa program is widely considered to be a fast track to EU citizenship, but the program also faces many problems. On the one hand, investors often obtain visas by investing in real estate or other assets, which can lead to an increase in local prices and thus affect the livelihood of local residents. On the other hand, some fear that such visas provide an opportunity for the capitalist class to evade their social responsibilities, allowing them to avoid taxes and other obligations of the host country. In contrast, the EU's home purchase immigration program differs from similar programs in Caribbean countries in that investors can easily obtain resident status while not having to invest in government-mandated projects. Most Caribbean countries require foreign investors who wish to obtain residency status to invest in tourism-related real estate projects that enhance economic development and ensure a job market for locals. This is why similar programs in Caribbean countries can last for more than twenty to thirty years, as Caribbean countries have more beneficial policies. In contrast, most investors in EU Gold status are mainly looking for benefits such as zero contribution from Europe and no tax liability. Conversely, EU Gold Visa investors are usually primarily looking for benefits such as zero burden and no tax liability, rather than actually investing and developing the local economy.