EU Bans Sale of ‘Golden Passports’ as Trump Opens Doors

Bloomberg News

Summary

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"Golden passport" schemes for deep-pocketed foreign investors violate European Union law, the bloc's highest court ruled on Tuesday, April 29, after a legal challenge against Malta by Brussels.
Le Monde
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A Maltese law that fast-tracks the naturalization of foreign investors has long been criticized by anti-corruption advocates and EU officials for facilitating white-collar crime and sanctions evasion.
Deutsche Welle
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Malta’s “golden passports” program for wealthy investors violates European Union rules on citizenship, the bloc’s top court ruled in a case that could have transformed the EU into a haven for affluent foreigners at a time when President Donald Trump wants to entice them to the US.
Hindustan Times
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Under the scheme, applicants could secure Maltese citizenship by donating at least €600,000 to the government and buying or renting property on the small Mediterranean island.
Irish Times

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