Loading...

SunCity Player

00:00:00:00

SunSet - Gary Freestyle

Up next (10PM):

SunStar (SUNJOCK AUTO)

Play

SunCity Radio 104.9 FM

Close

Weather

  • Weather Updated: ~ 7:08pm

Today's Schedule Full Schedule

  • SUNJOCK AUTO
    SunStream
    2am - 6am
  • Krazy Dean
    SUNCITY MORNING SHOW (SMS)
    6am - 9am
  • Mama B
    Hello Jamaica
    9am - 10am
  • Star Boy
    SunRay
    10am - 2pm
  • Shotty Shane
    SunStreak
    2pm - 6pm
  • Gary Freestyle
    SunSet
    6pm - 10pm
  • SUNJOCK AUTO
    SunStar
    10pm - 2am

EU urges crackdown on 'golden passports' for big investors

The EU Commission has told EU states to tighten checks on non-EU nationals who acquire citizenship - so-called "golden passports" - through investments.


The Commission plans closer monitoring of those schemes and of "golden visas" granting residence in exchange for big investments. It says they can be abused for tax evasion and money-laundering.


EU citizenship gives an individual free movement in most of the EU, easy access to the single market and other rights.


Twenty EU countries have such schemes.


Cyprus, Malta,and Bulgaria give passports to non-EU nationals who make sufficient investments in their countries. Rich foreigners can buy passports there for between €1m (£870,000; $1.1m) and €2m.


They and 17 other EU member states, including the UK, also grant residence rights to investors. That right puts an individual on the path to citizenship.