On January 23, 2019, the European Commission issued a risk report on Citizenship-by-Investment programs of European Union countries. The report shows EU's concerns about these programs and the risks of security, possible money laundering, tax evasion and corruption that they may bring to the EU. What is more, the report states that the review process of these programs is not transparent, and there is a lack of cooperation between member countries. Therefore, the European Commission decided to strengthen its regulation and take corresponding measures.
The corresponding measures include:
1. Conducting a systematic mandatory border control;
2. Adhering strictly to EU's directives on long-term residence and family reunification;
3. Making assessments on the source of funds in accordance with EU anti-money laundering directive and regulation;
4. Enhancing information exchange.
In order to monitor the transparency of countries who have citizenship-by-investment program and the review process of these programs, the European Commission will also set up a panel of experts and establish an information exchange system. The panel can discuss the number of applicants, their home countries, and the quota of new citizens as well as residence permits through the system. Additionally, a security check is expected to be added for citizenship-by-investment programs by the end of 2019.
There is a general trend towards immigration policy tightening in the EU. The application requirements of immigration programs, especially citizenship-by-investment programs, are becoming stricter, and the regulation is also becoming tighter. Therefore, it will be more difficult to obtain an EU passport by making an investment.
Now, Bulgarian Citizenship-by-Investment program has already been shut down by the government due to the pressure from the EU. Only Cyprus and Malta still have Citizenship-by-Investment program among all EU countries.
For further details on the latest Citizenship-by-Investment programs, please read the following:
Globevisa - Your Gateway To The World
Cheapest Second Passport: Turkey Citizenship by Investment (TCBI)
Cyprus Citizenship-by-Investment: 13 changes that will be taken effect on 15th May 2019
Malta Individual Investor Program: Latest changes in requirements
EU decided to tighten control over Citizenship-by-Investment programs
Moldova Citizenship-by-Investment has become an emerging good choice for investors
Cyprus Government may hire firms for due diligence for passport application & summary of immigration policy changes in other countries in 2018
St.Kitts and Nevis Government has accelerated the processing time - 7 FAQs about the application
Summary on immigration fees adjustment by St. Kitts Citizenship by Investment (CIU)
Exclusive Q&A session with Ms. Petuhov about Moldova passport immigration program
Dominica Minister of Immigration Department visited our office in Beijing, China
Living in UK with a Cypriot passport, after the Brexit
SECOND PASSPORT: How can I apply & what are the benefits & requirements?
How to obtain Antigua Passport under Citizenship by Investment Program with the Newly Launched Real Estate Limited Time Offer Option
Antigua Citizenship by Investment Program Updates
Passport & Citizenship Program – Promotion in May (Dominica, Grenada, Antigua and Vanuatu)
Dominica Passport & Renaming
St. kitts Passport New Investment Option Analysis
Advantages and Disadvantages on 5 Modes of Investments for Getting St. Kitts Passport
New Investment Option for St Kitts Citizenship by Investment (CBI) Program
From 150K To 250K Investment - St. Kitts & Nevis Citizenship by Investment Program
Official Price Drop- Saint Kitts Citizenship by Investment Program Real Estate Option
Immigration to Spain by property purchase -- How is the Spanish Property Market?
Second Citizenship- St Kitts Citizenship by Investment program price drop ends in 14 Days
Vanuatu Permanent Residence Program Q&A
Less Investment Amount to Obtain Grenada Passport Now
Malta Passport (MIIP) - A change Demanded By The UN
St Lucia Prime Minister spell out changes on the St Lucia Citizenship Program
Vanuatu Citizenship- 10K Discount on Lawyer Fee! Five Quotas Only!
Antigua Passport Price Drop Official Announcement
Malaysia joined the world's top 300 best universities
Maltese Individual Investor Program is demanding during New Year’s time
Lower entry-barrier of St. Kitts Citizenship Application