Malta – Pilloryed for “golden passports” – Politics

The EU Commission is suing for the issue of so-called “golden passports”. Malta before the European Court of Justice. The Commission is of the opinion that issuing such EU citizenships “in return for predetermined payments or investments without any real connection to the country concerned” is not compatible with the principles of the European Union, the authority said on Thursday. The action before the ECJ is the next step in the so-called infringement procedure, which can result in a fine against Malta. Granting citizenship and residence permits is a matter for the individual EU countries. However, the EU Commission sees a danger in this. The regulation harbors “serious risks, especially with regard to security, money laundering, tax evasion and corruption”. The reason for this is that those affected can move freely in the Schengen area, among other things.

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