The so-called golden visas have been found to be paving the way for criminal activity, according to a report released by Transparency International and Global Witness.
Citing security risks, the European Commission is urging member states to restrict issuing investor visas to non-nationals, with plans to publish new regulations in September.
Greece is increasing the number of “golden visas” to individuals investing more than 250,000 euros in property, aiming to boost state coffers while offering five-year residency rights in return for real estate acquisitions or for strategic investments.
