ARTICLE · 12 SEPTEMBER 2017

EU Citizenship By Investment: A Blessing Or A Curse?

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EU member states can provide their nationalities to any individual in the world they choose. In this sense many member states saw a window of "opportunity" in providing "Citizenship by Investment"...

European UnionImmigration

Michael Kourouklas

European Union (EU) member states can provide their nationalities to any individual in the world they choose. In this sense many member states saw a window of "opportunity" in providing "Citizenship by Investment" programs to rich individuals enabling them to acquire the EU passport.

These investment programs were mainly introduced for boosting the Governments' Revenue and at the same time to enable the ailing property and service sectors to re-emerge from a time of recession. Indeed, by introducing the investment schemes for their citizenships EU member states have improved their short term finances and prospects i.e. Cyprus had investments of €4 billion in the last years.

But what about the negative impact? Have governments realized the negative effects of introducing such a scheme?

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