20 State-Officials Arrested in Bulgaria in Massive Bribes-for-Passports Scam

While the European Commissioner for Justice focuses on her “concerns” about residence and citizenship by investment, thousands bribe their way to European passports. Bulgarian authorities have arrested more than 20 state officials employed in the Agency for Bulgarians Abroad on charges ranging from corruption to forgery in a large-scale scam that prosecutors allege provided false

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EU to Use “All Legal and Psychological Tools” to Force CIP-Country Compliance With New Guidelines

Vera Jourova, the European Commissioner for Justice, visited Cyprus on Friday as part of a “fact-finding mission” intended to give her a better understanding of the inner workings of EU-country citizenship by investment programs. Speaking to reporters in Nicosia on Friday, Jourova once more confirmed the European Commission’s intentions to issue recommendations to member states

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Euro. Commission Will “Insist on Genuine Links” for Malta’s Economic Citizens

In an interview published yesterday on NewsBook, European Commissioner for Justice, Vera Jourova, revealed some of the details to be included in the Commission’s guidelines for citizenship by investment to EU countries, due this fall. “[…]we want to issue a new recommendation to the states to increase the due diligence, the checking of the people

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Chetcuti: The 5 Pillars of a Reputable Citizenship by Investment Program

This article was contributed by Dr Jean-Philippe Chetcuti, Managing Partner at Chetcuti Cauchi Advocates. Designed to attract foreign investment and fueling countries’ economic growth, the investment migration industry faces increased scrutiny by supranational organizations like the OECD and the EU. Earlier this year, the OECD launched a consultation process to investigate concerns relating to potential tax

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CIPs Pose “Serious Security Risk” Says European Justice Commissioner – The IMC Responds

[dropcap]T[/dropcap]he European Commissioner for Justice, Věra Jourová, has said that “the European Commission views the development [of citizenship by investment programs within the EU] with great concern” because approved applicants often have “no real connection” to the country and, furthermore, that the granting of citizenship poses a “serious security risk”. The Investment Migration Council has issued

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