Cyprus
Investor citizenship schemes: European Commission opens infringements against Cyprus and Malta for ‘selling' EU citizenship
The European Commission is launching infringement procedures against Cyprus and Malta by issuing letters of formal notice regarding their investor citizenship schemes, also referred to as ‘golden passport' schemes. The Commission considers that the granting by these member states of their nationality – and thereby EU citizenship – in exchange for a pre-determined payment or investment and without a genuine link with the member states concerned, is not compatible with the principle of sincere co-operation 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 considers that the granting of EU citizenship for pre-determined payments or investments without any genuine link with the Member States concerned, undermines the essence of EU citizenship. The Cypriot and Maltese governments have two months to reply to the letters of formal notice. If the replies are not satisfactory, the Commission may issue a Reasoned Opinion in this matter. The full press release is available online.
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