Cyprus Golden Passport Scheme

EU Commission takes action against Cyprus and Malta’s malicious Golden Passports Schemes

EU passports are highly prized as they give their owners the right to travel, live, and work freely in all 27 members of the union. Unfortunately, some countries such as Cyprus and Malta sell citizenships and thus EU passports as part of investment programs for the sole benefit of these countries. Most recently, Al Jazeera has revealed that Cyprus is also offering its “Golden Passport” scheme to convicted criminals and money launderers. Now the EU Commission takes action to terminate this malicious approach.