{"id":5727,"date":"2022-03-10T09:57:27","date_gmt":"2022-03-10T08:57:27","guid":{"rendered":"http:\/\/weekly.uhm.org.mt\/?post_type=article&#038;p=5727"},"modified":"2022-03-10T09:59:49","modified_gmt":"2022-03-10T08:59:49","slug":"il-mpe-jitolbu-projbizzjoni-tal-bejgh-tal-passaporti","status":"publish","type":"article","link":"http:\/\/weekly.uhm.org.mt\/en\/article\/il-mpe-jitolbu-projbizzjoni-tal-bejgh-tal-passaporti\/","title":{"rendered":"MEPs a ban on \u2018golden passports\u2019 and specific rules for \u2018golden visas\u2019"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957-1024x683.jpg\" alt=\"\" class=\"wp-image-5672\" srcset=\"http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957-1024x683.jpg 1024w, http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957-300x200.jpg 300w, http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957-768x513.jpg 768w, http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957-480x320.jpg 480w, http:\/\/weekly.uhm.org.mt\/wp-content\/uploads\/2022\/02\/iStock-1331747957.jpg 1254w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>MEPs adopted a legislative initiative report calling on the Commission to table a proposal by the end of its mandate. The commitment by the Commission, France, Germany, Italy, the UK, Canada, and the US&nbsp;<a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/STATEMENT_22_1423\" target=\"_blank\" rel=\"noreferrer noopener\">to limit wealthy Russians with ties to the government from accessing \u2018golden passports\u2019<\/a>&nbsp;was raised during Monday\u2019s debate in plenary. The text passed with 595 to 12 and 74 abstentions.<\/p>\n\n\n\n<p><br><strong>Ban \u2018golden passports\u2019&#8230;<\/strong><\/p>\n\n\n\n<p>Parliament stresses that \u2018citizenship by investment\u2019 (CBI) schemes, under which third country nationals obtain citizenship rights in exchange for a sum of money, undermine the essence of EU citizenship. Parliament describes the practice -in place in Malta, Bulgaria and Cyprus- as \u201cfree riding\u201d, as member states sell what was never intended to become a commodity. Applications have been accepted even when requirements were not met, MEPs say, and demand that these schemes be phased out due to the risks they pose.<\/p>\n\n\n\n<p><br><strong>&#8230;and regulate \u2018golden visas\u2019<\/strong><\/p>\n\n\n\n<p>Noting the less severe risks posed by \u2018residence by investment\u2019 (RBI) schemes, Parliament asks for EU rules to help tackle money laundering, corruption, and tax evasion, including:<\/p>\n\n\n\n<ul><li>stringent background checks (also on applicants\u2019 family members and on sources of funds), mandatory checks against EU databases, and vetting procedures in third countries;<\/li><li>reporting obligations for member states, including a \u201cnotification and consultation\u201d scheme to allow other member states to object; and<\/li><li>requirements for minimum physical residence (for applicants) and active involvement, quality, added value, and contribution to the economy (for their investments).<\/li><\/ul>\n\n\n\n<p><strong>No passports, nor visas for Russian oligarchs<\/strong><\/p>\n\n\n\n<p>Parliament welcomes the commitment by the relevant member states to limit the sale of citizenship to Russians with ties to the Russian government, and calls for all CBI and RBI schemes in the EU to exclude Russian applicants with immediate effect. MEPs urge EU governments to reassess all approved applications from the past few years and ensure that \u201cno Russian individual with financial, business or other links to the Putin regime retains his or her citizenship and residency rights\u201d. In addition, they call on the Commission to ban Russian nationals who are subject to EU sanctions from all RBI schemes.<\/p>\n\n\n\n<p><br><strong>A fragmented system and the role of intermediaries<\/strong><\/p>\n\n\n\n<p>MEPs deplore the lack of comprehensive security checks and vetting procedures in both types of schemes, adding that it should not be possible to file successive applications in different member states. Member states should not rely on checks carried out by non-state actors. Parliament calls for an EU levy of a meaningful percentage on the investments made &#8211; until \u2018golden passports\u2019 are phased out, and indefinitely for \u2018golden visas\u2019. It also asks the Commission to put pressure on third countries that benefit from visa-free travel to the EU to follow suit. Noting that intermediaries in these schemes are neither transparent nor held accountable, Parliament calls for a ban on their involvement in CBIs and a \u201cstrict and binding regulation\u201d for their role in RBIs, which should include sanctions. The Commission&nbsp;<a href=\"https:\/\/www.europarl.europa.eu\/doceo\/document\/RULES-9-2021-09-13-RULE-047_EN.html\" target=\"_blank\" rel=\"noreferrer noopener\">has to prepare a legislative proposal<\/a>&nbsp;or justify its decision not to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEPs adopted a legislative initiative report calling on the Commission to table a proposal by the end of its mandate. The commitment by the Commission, France, Germany, Italy, the UK, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":5672,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":""},"issuem_issue":[261],"issuem_issue_categories":[8],"issuem_issue_tags":[],"translation":{"provider":"WPGlobus","version":"2.8.8","language":"en","enabled_languages":["mt","en"],"languages":{"mt":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5727"}],"collection":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/comments?post=5727"}],"version-history":[{"count":2,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5727\/revisions"}],"predecessor-version":[{"id":5730,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5727\/revisions\/5730"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media\/5672"}],"wp:attachment":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media?parent=5727"}],"wp:term":[{"taxonomy":"issuem_issue","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue?post=5727"},{"taxonomy":"issuem_issue_categories","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_categories?post=5727"},{"taxonomy":"issuem_issue_tags","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_tags?post=5727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}