Malta’s controversial “golden passport” scheme is being phased out following a European Court of Justice ruling.
-
⚖️ The European Court of Justice has declared Malta’s golden passport scheme illegal.
-
💶 The program allowed individuals to obtain EU citizenship through significant financial investment.
-
🚫 The court ruled that such schemes undermine the integrity of EU citizenship laws.
-
🔍 Investigations revealed that some applicants had limited ties to Malta.
-
🛂 The scheme faced criticism for facilitating money laundering and corruption.
-
🇷🇺 Concerns arose over sanctioned individuals, including Russians, obtaining EU citizenship.
-
📉 The program generated over €1.4 billion in revenue for Malta since its inception.
-
🏛️ The European Commission initiated legal proceedings against Malta in 2020.
-
📜 Malta is now required to terminate the scheme and comply with EU law.
-
🔚 This ruling sets a precedent for other EU member states with similar programs.
Navigate Your Future with Ease! Reach out at visa@gogpl.in or check www.greenoutdoors.in for essential info.
