Golden visas, EU values, corruption and crime

23-05-2018

Some EU Member States offer citizenship and residence to applicants who bring money into the country by, for example, buying property or investing in a business. These Member State decisions can have an impact on the rest of the EU, especially in the case of citizenship, since holders of a Member State's citizenship automatically acquire EU citizenship as well, and with it, several of its rights and privileges. Parliament and the Commission have already expressed concern over this practice, and Parliament is scheduled to hold a topical debate during the May II plenary session. A Commission report on the issue is expected in the last quarter of 2018.

Some EU Member States offer citizenship and residence to applicants who bring money into the country by, for example, buying property or investing in a business. These Member State decisions can have an impact on the rest of the EU, especially in the case of citizenship, since holders of a Member State's citizenship automatically acquire EU citizenship as well, and with it, several of its rights and privileges. Parliament and the Commission have already expressed concern over this practice, and Parliament is scheduled to hold a topical debate during the May II plenary session. A Commission report on the issue is expected in the last quarter of 2018.