Mon - Fri: 9:00 - 17:30
Sat-Sun Closed
+356 21244895
Phone
55/1 Giuseppe Calì Street XBX1425 Ta' Xbiex Malta

News

MALTA PREPARED TO FIGHT FOR PASSPORT SCHEME IN TOP EU COURT

Pin It

Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-Copia-di-TURLES-3-4Malta is prepared to go as far as the European Court of Justice to defend a controversial scheme that allows wealthy foreign investors to buy citizenship.

Parliamentary Secretary Alex Muscat said on Thursday that the government would stand its ground against infringement proceedings initiated by the European Commission.

Under new rules, the names of those who lose their Maltese citizenship will start being published along with those who get a Maltese passport.

It is not clear how many are stripped of their citizenship every year, but at least two who applied through the Individual Investment Programme have already lost it and another two are under investigation. Citizenship could also be lost if it is achieved through marriage of convenience, among other reasons.

Last month the European Commission launched infringement proceedings against Malta and Cyprus, claiming their so-called 'golden passport' schemes are unlawful.

The government has until mid December to reply to the commission's letter - the first step in legal action.

ARTICLE WRITTEN BY TIMES OF MALTA

FOLLOW THE UPDATES ON TIMES OF MALTA

Image
Image
Image
Image
Image
Image
Image
Image
Image
© Copyright 2020 MALTESE ITALIAN CHAMBER OF COMMERCE. All Rights Reserved.