Brussels says Cyprus golden passports undermine EU

Click For Larger Image & Read More
Brussels says Cyprus golden passports undermine EU
 © FinancialMirror 2020

Cyprus was slammed by Brussels on Tuesday for “undermining” EU citizenship with what it called an “illegal golden visa” scheme for wealthy foreign investors.

The European Commission has launched legal action against Cyprus and Malta over their underfire investment for citizenship programmes.

It has written to the two countries, which both joined the EU in 2004, to demand explanations, warning that the schemes increased the risks of money laundering, tax evasion and corruption.

EU passports are highly prized as they give their owners the...


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 20-10-2020

Brussels says Cyprus golden passports undermine EU


The contents of this article including any associated images are © FinancialMirror 2020
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: brussels, cyprus, golden, passports, undermine,