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Tuesday, October 20, 2020

Brexit: European citizenship for sale?


News In the United Kingdom, a growing number of investors are using consultancy firms to obtain passports or gold visas that will enable them to circumvent the restrictions associated with exit from the common European market.

An increasing number of British entrepreneurs want to "buy" the nationality of countries that allow visa-free access to the European Union. As negotiations for a post-Brexit agreement resumed on Tuesday 29 September, after months of tension during which there seemed to be no alternative to the "no deal", wealthy UK investors are looking for ways to access the benefits that the European passport can bring.
Citizenship consultant Henley & Partners also saw an increase in requests to transfer investments to Malta, Portugal, Austria and several Caribbean islands during this period, as those investing in local businesses or real estate can obtain certain benefits, such as nationality, right of residence or the right to travel visa-free to the EU.


Source :  Euractiv


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