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Subject
The 'golden visa' controversy in the EU.
Significance
The European Commission's announcement on October 10 that it would investigate so-called 'golden visa' schemes follows a report by Global Witness and Transparency International warning that insufficient applicant background checks exposed the EU to large-scale money laundering and corruption.
Impacts
Greater public knowledge of golden visas will increase domestic pressure on governments.
Scandals could worsen relations between the EU and non-EU countries.
Applications for visas in the United Kingdom will likely decline if there is a Brexit deal.
Keywords:
EU,
EUR,
Cyprus,
Greece,
Malta,
Spain,
United Kingdom,
Austria,
Brazil,
Bulgaria,
China,
France,
Ireland,
Latvia,
Luxembourg,
Netherlands,
Portugal,
Russia,
Syria,
economy,
industry,
international relations,
politics,
social,
corruption,
fiscal,
foreign investment,
government,
nationality,
assassination,
banking,
crime,
immigration,
legislation,
property,
sanctions
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2018
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