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06
Dec 2025
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EU Court of Justice: granting citizenship to foreign investors illegal

The decision concerns Malta's "golden passport" scheme which grants citizenship on the basis of excellent services through direct investment, such as the purchase of a house worth at least €700,000

Cyprus – Politico: Passports issued through “Golden Visa” cancelled

Limassol in recent years had come to be called by the Cypriots... "Limassolgrad", because many properties there had been acquired by Russian investors - In recent days 77 "golden" passports have been revoked

Russians are reportedly buying as many as 4 apartments at once in Turkey to earn “golden passports”

Investors - including wealthy Russians looking to escape sanctions - can then earn a Turkish passport in as little as three months

Cyprus revokes “Golden Passports” from 26 wealthy foreign investors

The European Union says that many such passport schemes may mask fraud

Cyprus “golden passports” to be revoked if wrongdoing found

Nearly 4000 passports have been issued to investors since the program was launched following a 2013 financial crisis