EU URGES CRACKDOWN ON ‘GOLDEN VISAS AND PASSPORTS’

On 23^rd January, EurActiv reported that the EU Commission had published a report urging Member States to curb the practice of giving foreigners — often Chinese, Russians and Americans — residency or citizenship in return for investment.  The report said wealthy candidates for residency or citizenship do face insufficient security and background checks to prevent them from posing a security risk, laundering money or evading taxes.

Q&A ON THE REPORT ON INVESTOR CITIZENSHIP AND RESIDENCE SCHEMES IN THE EU

https://www.euractiv.com/section/justice-home-affairs/news/eu-urges-crackdown-on-golden-visas-and-passports/

http://europa.eu/rapid/press-release_MEMO-19-527_en.htm

http://europa.eu/rapid/press-release_IP-19-526_en.htm

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017