The European Union has warned its 27 member states to end such schemes or make it harder for applicants to qualify, amid fears the programmes have been exploited by criminals to launder cash in villas or bogus companies grahamkeeley reports
The number of Britons who have secured residency in Spain through this scheme is not known, a spokeswoman for the Spanish Ministry of Inclusion, Social Security and Migration, which deals with golden visas, toldnewspaper reported that Spain’s left-wing government believed that Britons and other wealthy foreigners buying expensive properties was putting more pressure on an overheated real estate market where many Spaniards cannot afford to buy a home.
Manuel Viloria Mendieta and David Martínez Garcia, directors of the NGO Transparency International, warned of the dangers of the golden visa scheme.
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