Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Politics

EU takes Malta to court over golden passport programme

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman/File Photo

The European Commission said on Thursday it would file a legal challenge against Malta for its so-called golden passport programme that allows wealthy foreigners to buy citizenship in exchange for an investment of around 1 million euros ($970,000).

Holding a Maltese passport allows them to live and work in any EU country.

In recent months, Malta suspended the programme for Russian and Belarusian nationals following the start of the war in Ukraine, but it continues to operate the scheme for all other nationalities and "has not expressed any intention to end it", the Commission said in a statement.

Brussels believes the scheme is in breach of EU law because citizenship is granted without any real obligation for the beneficiaries to live in the country.

The referral of the case to the EU Court of Justice comes after years of wrangling with Malta about tweaks to the scheme. An infringement procedure about the programme was initiated by the EU Commission in October 2020, but led to no tangible changes, the Commission said.

Pressure from Brussels has led to the suspension or abolition of golden passport schemes in other EU countries, with Cyprus and Bulgaria being the latest to halt their programmes.

That leaves Malta alone in the EU, although many other countries operate programmes to sell visa. ($1 = 1.0323 euros)

(Reporting by Francesco Guarascio; Editing by Alex Richardson)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.