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EU launches legal action against Cyprus and Malta over 'golden passport' schemes

News Team, 22/10/2020

The European Commission has launching infringement procedures against Cyprus and Malta by issuing letters of formal notice regarding their investor citizenship schemes also referred to as “golden passport” schemes.

The EU argues that the granting by these Member States of their nationality – and thereby EU citizenship – in exchange for a pre-determined payment or investment and without a genuine link with the country conc...


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