Golden visas have long offered foreign citizens residence rights in exchange for local investment opportunities. Otherwise known as “resident-by-investment and citizenship-by-investment schemes” (RBI/CBI schemes), these programmes generate substantial funds with important implications for the economy of countries around the world. In recent years however, these schemes have been called into question because of their exposure to abuse and exploitation by those with funds obtained under dubious means, and have become victim to corruption risks and other serious economic crimes. These risks include buying protection to avoid criminal convictions, tax evasion and money laundering.
This session will discuss the corruption risks undermining RBI/CBI schemes, and explore how governments can better mitigate these risks using appropriate policy responses.
See the scoping note:
oe.cd/golden-visas
