As The Bahamas grapples with a hike in value-added tax (VAT) and the government’s debt burden continues to rise, a local real estate broker, Mario Carey, is convinced that an economic citizenship programme is an idea whose time has come, and could prove to be exactly what the government needs to lift the economy out of the doldrums.

Carey, the founder of Better Homes and Gardens Real Estate MCR Bahamas Group, first floated the idea publicly last and he now envisions The Bahamas becoming a luxury citizenship by investment (CBI) jurisdiction, commanding top dollars from foreign investors.

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