Regulator crackdown on lucrative golden visa schemes

Pedro Gonçalves
Regulator crackdown on lucrative golden visa schemes

National regulators are cracking down on visa schemes as they take a closer look on links between the programmes, tax evasion and organised crime. However, countries are reluctant to give up this scheme as the golden visa programmes have grossed €25bn in the last decade just in Europe. The scheme grants residency permits and even citizenship to non-EU citizens in return of money and investment. the Organisation for Economic Cooperation and Development (OECD), has blacklisted a total of 21...

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