EU finally ends infringement case over Cyprus ‘golden passports’ after programme scrapped

The European Commission informed the government on Wednesday that it has terminated the infringement procedure linked to the island’s controversial citizenship-by-investment scheme, closing its legal dispute with Brussels over the programme widely known as the “golden passports” scheme.

The case concerned the ‘Cyprus investment programme’, which allowed affluent foreign investors to obtain Cypriot citizenship and thereby access rights within the EU.

The commission had ruled...