Unrestricted access to the EU via a Maltese cash-for-passport scheme has been granted to rich foreigner. The leak from a passport brokerage has revealed the information, also adding that the individuals involved need only spend less than three weeks in Malta. Thousands of emails’ caches from Henley and Partners gave a glimpse into how the ‘golden passport’ schemes operate. ‘Golden passport scheme’ refers to the mechanism by which countries sell citizenship to wealthy foreigners.
The applicants simply created a pretence that they were Maltese ‘residents’ for a full year by renting apartments and leaving them empty. Some customers allegedly paid more than €1 million under the scheme, successfully claiming they had a genuine link to Malta. The European Commission was alarmed by these disclosures, with the initial steps of potential proceedings against Malta being put into effect.
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