We use cookies to collect and analyse information on site performance and usage to improve and customise your experience, where applicable. View our Cookies Policy. Click Accept and continue to use our website or Manage to review and update your preferences.


Strictly necessary cookies

Cookie name Duration Cookie purpose
ASP.NET_SessionId Session This cookie holds the current session id (OPPassessment only)
.ASPXANONYMOUS 2 Months Authentication to the site
LSI 1 Year To remember cookie preference for Law Society websites (www.lawsociety.ie, www.legalvacancies.ie, www.gazette.ie)
FTGServer 1 Hour Website content ( /CSS , /JS, /img )
_ga 2 Years Google Analytics
_gat Session Google Analytics
_git 1 Day Google Analytics
AptifyCSRFCookie Session Aptify CSRF Cookie
CSRFDefenseInDepthToken Session Aptify defence cookie
EB5Cookie Session Aptify eb5 login cookie

Functional cookies

Cookie name Duration Cookie purpose
Zendesk Local Storage Online Support
platform.twitter.com Local Storage Integrated Twitter feed

Marketing cookies

Cookie name Duration Cookie purpose
fr 3 Months Facebook Advertising - Used for Facebook Marketing
_fbp 3 months Used for facebook Marketing
Commission acts on ‘golden passport’ worries
Pic: Shutterstock

20 Oct 2020 / eu Print

Commission acts on ‘golden passport’ worries

The European Commission is launching infringement procedures against Cyprus and Malta over their investor citizenship schemes, also known as ‘golden passports’.

Under the schemes, these states grant nationality — and, as a result, EU citizenship — to people from non-EU countries in return for a specific payment or investment.

Concerns

The commission has previously raised its serious concerns about investor citizenship schemes, flagging in particular worries about security, money laundering, tax evasion and corruption.

In a statement today (20 October), it said it believed such schemes undermined the essence of EU citizenship and were not compatible with the principle of sincere cooperation enshrined in Article 4(3) of the Treaty on European Union.

“This also undermines the integrity of the status of EU citizenship provided for in Article 20 of the Treaty on the Functioning of the European Union,” the commission said in a statement.

Wider implications

It said such schemes had implications for the EU as a whole, as when a member state awards nationality, the person concerned automatically becomes an EU citizen and enjoys all rights linked to this status.

These include the right to move, reside and work freely within the EU and the right to vote in municipal elections, as well as elections to the European Parliament.

Two-month deadline

The Cypriot and Maltese governments now have two months to reply to letters of formal notice sent by the commission. If the replies are not satisfactory, the commission may issue a reasoned opinion — a formal request to comply with EU law — on the issue.

The European Parliament in July reiterated a call for member states to phase out such schemes as soon as possible.

Gazette Desk
Gazette.ie is the daily legal news site of the Law Society of Ireland