The European Commission said on 18 October it intends to respond "more swiftly and decisively" to challenges citizenship by investment schemes by closing the door to visa-free travel to the Schengen area. In a statement, the EC said it would "expand the grounds to suspend visa-free regimes, such as in case of insufficient alignment with the EU's visa policy, hybrid threats and the operation of investor citizenship schemes". On the one hand, it argued, visa-free travel brings significant economic, social, and cultural benefits and boosts travel and the tourism sector. It has benefits t...
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