y1WlEjNAYV3-K1WpS3N1_iK3Azo TaJuLa's Blog: Hold Up!!!! You Can Now Get European Union Citizenship For $888,000.

Monday, 30 December 2013

Hold Up!!!! You Can Now Get European Union Citizenship For $888,000.

The government of the small Mediterranean island of Malta recently announced proposals to start selling citizenship of its nation to foreigners for €650,000 (about $888,000). But faced with rising criticism both in Malta and other European Union countries, the Maltese government has temporarily halted the law's implementation and will review its requirements.
The European Parliament is to hold a debate on the scheme on 15 January 2014. The unique program, would give holders of this Maltese passport a tremendous amount of liberty.Unlike other similar programs in the European Union, applicants for program are not obliged to live in Malta before being granted a passport. Instead, if the application is successful and the applicant is wealthy enough to spare the large sum, he or she will get a Maltese passport -- and therefore EU citizenship -- immediately. So, the applicant could theoretically live in any of the other 27 member states of the European Union. Malta joined the EU in 2004; it is a member of the Schengen borderless travel area, and has a visa waiver agreement with the United States -- all perks that would come with Maltese citizenship for foreigners. Maltese citizenship already allows a holder to travel to 163 countries across the globe without a visa.
CNN.

No comments:

Post a comment