About: golden passports

Global Europe 07-09-2021

Cyprus turns into second home to many Lebanese

Just as during the 1975-1990 civil war that ravaged their country, hundreds of Lebanese families are turning to neighbouring Cyprus to escape the miseries of everyday life back home.
Global Europe 25-08-2021

Turkish Cypriot leader says Nicosia is violating passport rights

Turkish Cypriot leader Ersin Tatar on Tuesday (24 August) criticised a decision by Greek Cypriot rivals to rescind his passport, saying the move was designed to undermine his community.
Global Europe 10-06-2021

EU Commission ramps up legal action against Cyprus, Malta over ‘golden passports’

The European Commission on Wednesday (9 June) stepped up legal action against Cyprus and Malta over their cash-for-passports schemes in a move that may eventually see the two islands end up in court and face fines.

Cyprus government broke its own laws in granting ‘golden passports’, inquiry finds

Cyprus's government broke the law on countless occasions in granting citizenship to thousands of people in a now discredited passports-for-cash scheme, an official inquiry has found.
Elections 31-05-2021

Cyprus votes for new parliament amid anger over golden passports scandal

Cypriots voted Sunday (30 May) in parliamentary elections amid simmering public anger over the "golden passports" corruption scandal on the Mediterranean island.

Cyprus files first prosecution in passports scandal

Cyprus on Friday (14 May) filed its first criminal prosecution in a controversial passport-for-investment scheme abolished last year over corruption allegations, the state legal service said.
Politics 24-02-2021

Graft, lockdown and police violence stir anger in Cyprus

Thousands of Cypriot protesters have staged large demonstrations in past weeks, angered by months of lockdown, economic woes and a string of corruption scandals, as well as a rare police crackdown.

Cyprus to launch anti-graft reforms after passport scandal

Cyprus President Nicos Anastasiades said Thursday (28 January) his government would announce major anti-graft reforms after it scrapped its controversial passport-for-investment scheme last year.

The mystery of Bulgaria’s ‘golden passports’ deepens

Bulgaria keeps delivering “golden passports” to wealthy non-EU foreigners in return for 'investment', but it turns out that in most cases, such investment does not materialise, so the country gains little and may even risk an infringement procedure from Brussels. EURACTIV Bulgaria reports.

Bulgaria’s ‘golden passports’ scheme bring little investment

Bulgarian citizenship has been available for sale for eight years now, but the scheme hasn’t brought any significant foreign investment in the country, a journalistic investigation by EURACTIV Bulgaria has found.

EU to launch legal action over Cyprus, Malta ‘golden passports’

The EU said Monday (19 October) it will begin legal action against Cyprus and Malta over their controversial "golden passport" schemes for foreign investors, which critics say have been exploited by criminals.

Cyprus scraps ‘golden passport’ scheme after journalistic investigation

Cyprus said on Tuesday (13 October) it will scrap its controversial "golden passports" scheme for foreign investors next month over alleged abuses uncovered in a television programme.
Brexit 28-09-2020

Wealthy Britons step up citizenship shopping to thwart Brexit

The number of British entrepreneurs looking to "buy" citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms say, as prospects of a post-Brexit trade deal between Britain and the bloc darken.

Cyprus watchdog raps cash-for-passport process

Cyprus's audit office said on Thursday (24 September) thousands of passports could have been granted without proper authorisation under the island's citizenship-for-investment scheme - a programme critics fear could be used by money-launderers and other criminals.

Ex-Maltese PM’s chief of staff arrested in fraud probe

Maltese police arrested former prime minister Joseph Muscat's chief of staff Keith Schembri Tuesday (22 September), as part of a probe into alleged kickbacks connected to the sale of so-called golden passports.

Golden visas and passports still widespread in Europe, study finds

Citizenship and residence-for-pay schemes continue to be widespread across the EU, according to a new report, which calls on the European Commission to propose EU-wide rules to phase out golden passports while taking action against governments that operate schemes in breach of EU law.

Cyprus’ plan to strip citizenship to golden passport holders stalls in legal vacuum

A legal technicality has led Cyprus to temporarily halt a process to strip citizenship from 26 individuals who benefitted from a secretive passports-for-investment scheme, lawmakers said on Monday (10 February).
Global Europe 13-03-2019

Russia can’t be considered strategic partner of EU anymore, MEPs say

The EU should be ready to impose further sanctions on Russia if the country continues to violate international law, EU lawmakers said in a resolution adopted in the European Parliament in Strasbourg on Tuesday (12 March).

EU urges crackdown on ‘golden visas and passports’

The European Union urged member countries on Wednesday (23 January) to crack down on schemes granting "golden visas and passports" to foreign investors, warning they can bring corruption and money laundering in their wake.

EU sees crime risks from Malta, Cyprus, Bulgaria ‘golden passport’ schemes

The European Commission will warn that schemes in EU states to sell citizenship or residence to wealthy individuals could help foreign organised crime groups infiltrate the bloc and increase the risk of money laundering, corruption and tax evasion.

Europe’s ‘golden visa’ schemes open doors for criminals, report finds

With its cash-for-passport practices, Europe has opened its door to the criminal and corrupt, with some member states running a lucrative industry of trading citizenship for money, said a new report by Transparency International and Global Witness.

EU to check on money laundering moves in Malta, journalist’s murder

The European Union's justice commissioner said on Monday (23 April)  she will visit Malta in the coming weeks to look at its anti-money laundering moves and check on how an investigation is going into the murder of an investigative journalist.