A "golden passport" is one obtained through a citizenship by investment (CBI) scheme. It offers non-EU foreign investors the ability to obtain a valid European residence permit quickly and legally. Brussels, 21. Cyprus and Malta are breaking EU law and facilitating crime by selling 'golden passports' to wealthy foreigners, the European Commission has said. WhatsApp. Brussels has launched legal action against Cyprus and Malta over their “Golden Passport” schemes for wealthy investors, saying they were illegal and undermined EU citizenship. Study Abroad Who Else Wants to Study in Australia without IELTS? Facebook. Oct 2020, 07:03. Canada visa. Globalisation has changed the world. Australia which is popularly known as the commonwealth of Australia is an... View Post. BRUSSELS (Reuters) – The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as “golden passport” schemes. European Golden passports. Australia visa. Malta’s passport is one of the strongest in the world, so being issue one is considered one of the biggest pluses of the citizenship by investment scheme. A spouse or a child costs an extra €25,000, or €50,000, if the dependent is older than 18. European Commission takes action against Malta, Cyprus for ‘golden passport’ programs. Admin-November 27, 2020 0. Mis en place au début de l’année 2014, le Programme pour les Particuliers Investisseurs à Malte (PPI) offre aux familles et aux personnes fortunées voire très fortunées du monde entier la possibilité d’obtenir la nationalité d’un pays de la Communauté européenne largement reconnu. The Malta Residence and Visa Programme (MRVP) was launched in August 2015. Print. The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as “golden passport” schemes. Instead of a naturalization test, applicants are required to inject a sizable amount of money into a country. Alfred Sant tells supporters ‘Brussels can’t take away Malta’s golden passport’, and I hope he’s wrong. The European Parliament has long demanded to end to the sale of visas and passports by Member States. These are also known as citizenship by investment, golden visa, or golden passport programs.. BRUSSELS. Twitter. The programs, which enable investors to effectively buy EU citizenship, are against EU law, the Commission argued. But economy minister deems move ‘unwise’ The Maltese chamber for small and medium enterprises (SMEs) has suggested the government tap into the funds collected through the country’s citizenship-by-investment scheme to help businesses cope with the outbreak of covid-19. The European Union's executive said on Tuesday it was launching legal action against Cyprus and Immigrant investor programs are programs designed to attract foreign capital and businesspeople by providing the right of residence and citizenship in return. Email. Because the program offers full Maltese citizenship (rather than just permanent residence) all those who qualify get a passport from the Maltese government once they’re approved. EU declares war on Malta and Cyprus passport sales. Citizenship. October 20, 2020. All Malta citizenship scheme applicants, with the exception of children under six years old, must at some point visit in person a Maltese embassy or the Malta Passport Office in Valletta to give their biometrics. Malta urged to use golden passport funds to fight coronavirus. We live in a world where the unthinkable happens! 0. 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