While the European Commission recently decided to open infringement proceedings against Cyprus and Malta regarding their investment-based citizenship programmes (see EUROPE B12585A12), it does not promise to go as far with regard to the investment-based residency programmes known as “golden visas”.
In a letter sent at the end of November to MEP Sven Giegold (Greens/EFA, Germany), who had asked her about the issue, European Commission President Ursula von der Leyen acknowledged that...