EUROPEAN PARLIAMENT FORMALLY CALLS FOR END TO EU GOLDEN VISA LAWS
March 24th, 2022
The European Parliament has voted overwhelmingly today (March 9) for a European Union (EU)-wide ban on golden passports or citizenship by investment (CBI) schemes by 2025. In a 595 for, 12 against and 74 abstentions vote, MEPs approved a report on ‘citizenship and residence by investment schemes’ (1) which said schemes operated by 12 EU countries (2) “pose several serious security risks for Union citizens” notably corruption and money laundering. The European Commission will have to take the idea forward for it to become law via the usual EU legislative ...
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