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EU Top Court Rules 'Golden Passport' Schemes Are Illegal

Top Court Rules
International Business Times Fews App News Provider
Fews App Post Time há 14h

Malta said it would abide by the ruling, but regarded past 'golden passports' as still valid AFP "Golden passport" schemes for deep-pocketed foreign investors violate European Union law, the bloc's highest court ruled on Tuesday, after a legal challenge against Malta by Brussels. The European Commission had taken Malta to the top court in 2022 over its programme, which allows non-Europeans to effectively buy Maltese -- and therefore EU -- citizenship through defined payments or investments. "The acquisition of Union citizenship cannot result from a commercial transaction," the EU's Court of Justice said, ruling that Malta had infringed EU law.

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