The European Commission on Wednesday proposed suspending visa-free travel between the bloc and the South Pacific nation of Vanuatu. The move, which would be a global first, is aimed at curbing the practice of offering “golden passports.”

In Vanuatu, foreigners can obtain citizenship and a passport in exchange for a minimum investment of $130,000 in the country. This in turn grants them easier access to other nations, including the 27 countries that make up the European Union.

The European Commission had issued a warning that it would take this step if Vanuatu did not alter its investment-for-citizenship program. The proposal now goes to individual EU member states for approval.

If the Commission proposal is adopted, it would end visa-free travel for anyone who has acquired Vanuatu citizenship since 2015. The ban will be dropped if the government amends the rules, the Commission said.

In the proposal, the EU executive pointed to the extremely risky nature of the scheme, arguing that it accepted essentially all applicants without sufficient screening, despite some appearing in Interpol’s security databases.

The Commission said it is currently monitoring similar programs or planned schemes in several other countries, including Caribbean islands and the eastern European nations of Albania, Moldova, and Montenegro.

Similar programs in Cyprus and Malta, both EU members, are currently facing legal challenges from Brussels.

If you are looking to Study, Work, Visit, Invest or immigrate to any country, talk to Immigration Ultimate, the World’s No.1 Immigration & Visa Company.
Immigration Ultimate offers a wide range of services and products for aspiring overseas students, professionals and graduates including Work visa, study visa, TR visa, PR visa, Family reunification visa for many countries.

email: info@immigrationultimate.co.in, www.immigrationultimate.co.in or call us at +91-33-4600-0504 or +91-9051956387, Also subscribe and visit our social media:

1) Facebook: https://www.facebook.com/immigrationultimate/

2) LinkedIn: https://www.linkedin.com/company/immult/?viewAsMember=true

3) Twitter: https://twitter.com/immiultimate

4) Instagram: https://www.instagram.com/immigrationultimate/

5) YouTube: https://www.youtube.com/immigrationultimate/

6) Pininteresthttps://in.pinterest.com/immiultimate/

Immigration #PR #TR #education #study #work #passport

invest #investment #investmentvisa #businessvisa #life #passport #qualitylife


0 Comments

Leave a Reply

Avatar placeholder

Your email address will not be published.

×

Powered by WhatsApp Chat

× How can I help you?