- Thread starter
- Staff
- #1
Dadparvar
Staff member
- Nov 11, 2016
- 11,032
- 0
- 6
The European Commission Tuesday announced an investigation into the “golden passport” schemes of EU member states Cyprus and Malta for “selling” EU citizenship.
The schemes enable investors to obtain EU citizenship by making pre-determined payments to the member states. The European Commission characterized the schemes as inconsistent with the purpose of Article 4(3) of the Treaty on European Union, which calls for sincere cooperation among member states.
The commission’s statement echoes sentiments expressed in a July 2020 resolution calling for the member states to phase out all existing citizenship or residency by investment schemes as soon as possible. The commission also awaits a response from Bulgaria to a request for more information about a similar citizenship-by-investment program before deciding on next steps in the investigation.
The announcement of the investigation comes just over one month of European Commission President Ursula von der Leyen’s State of the Union Address in which she referenced such “golden passport” schemes before proclaiming, “European values are not for sale.”
The post EU investigating Cyprus, Malta ‘golden passport’ programs appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.
The schemes enable investors to obtain EU citizenship by making pre-determined payments to the member states. The European Commission characterized the schemes as inconsistent with the purpose of Article 4(3) of the Treaty on European Union, which calls for sincere cooperation among member states.
The commission’s statement echoes sentiments expressed in a July 2020 resolution calling for the member states to phase out all existing citizenship or residency by investment schemes as soon as possible. The commission also awaits a response from Bulgaria to a request for more information about a similar citizenship-by-investment program before deciding on next steps in the investigation.
The announcement of the investigation comes just over one month of European Commission President Ursula von der Leyen’s State of the Union Address in which she referenced such “golden passport” schemes before proclaiming, “European values are not for sale.”
The post EU investigating Cyprus, Malta ‘golden passport’ programs appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.