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The EU is discussing the suspension of visa-free travel with countries that have a citizenship-by-investment program

The EU is discussing the suspension of visa-free travel with countries that have a citizenship-by-investment program

The draft New Rules for Suspension of the Visa-Free Regime with Third Countries was agreed upon by the Committee of Permanent Representatives of Member States. Currently, 61 countries have a visa-free regime with the EU.

Thus, one of the three grounds for suspending a visa-free regime with a third country is the presence of an existing citizenship by investment program.

The period of temporary suspension of visa-free travel may increase to 12 months and be extended again to 24 months. The EU may completely revoke the visa-free regime if the reason for the suspension is not eliminated.

This proposal will be submitted for discussion with the European Parliament and after that the final regulations will be adopted.

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