HomeCBI Industry Report 2026
Annual Report

CBI Industry Report 2026

The state of citizenship and residence by investment: what everything costs after the great repricing, who is actually buying, how regulation remade the product, every program change that mattered — and where the industry goes from here.

Three years remade this industry: Caribbean prices doubled under a new regional regulator, the EU's highest court forced Malta's program into redesign, Vanuatu lost European visa-free access, Spain and Australia closed their golden doors while Hungary and Hong Kong opened new ones — and the United States itself entered the market at USD 5 million. This report is our practice's annual account of what happened, what it costs now, and what happens next: six chapters, written for families and advisers who need the facts without the brochure gloss.

Read it alongside our standing references: the Passport Power Rankings 2026, the residence program guide, the descent hub, and the program comparison tool.

Chapter 1 — State of the Market
Market size, the post-reset Caribbean, Europe's repricing, new entrants and the American shock.
Chapter 2 — Pricing Trends
The USD 200k floor, all-in cost reality, the value ladder, and where prices go next.
Chapter 3 — Demand & Demographics
The American surge, Asia's constraints and workarounds, Gulf and African demand, crypto wealth.
Chapter 4 — Regulation & Due Diligence
ECCIRA, mandatory interviews, the Malta ruling, the Vanuatu precedent, and the modern diligence stack.
Chapter 5 — Program Changes
Every material change 2024-2026: closures, launches, redesigns, and the pattern beneath them.
Chapter 6 — Forecast 2027+
Our base case, the risks worth pricing, expected openings, AI-era diligence and the decade's bets.

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