Bulgaria’s cash for passports scheme under EU scrutiny

bulgaria’s-cash-for-passports-scheme-under-eu-scrutiny

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Journalists told The Shift that from the information they have gathered, real investments are "Almost absent" and said the loopholes in legislation mean golden passports are "a shallow scheme for earning commissions and circumventing European rules".

In November, then caretaker Minister of Justice Ivan Demerdzhiev told the Bulgarian journalists that Bulgaria had issued passports "Extremely easily and without necessary investment checks".

A report issued by the EC notes that the United States has raised the issue of golden passports in negotiations about lifting visa requirements for Bulgarian citizens travelling to the US. Failure to end the scheme could see Bulgaria slapped with infringement proceedings.


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