Gold Passport Schemes violate the European Union law that he considers illegal as a block

For deep cock-for-foreign investors, the “Golden Passport” violates the European Union law, the highest court of the bloc managed the highest court in front of Brussels after a legal problem in Malta.

“The acquisition of the citizenship of the union cannot occur as a result of a trade operation,” the EU court decided that Malta violated EU laws.

Brussels, in 2022, in 2022, Maltese, which allows Non-Europeans to Maltese – and therefore, the Program was taken to the best in court.

Tuesday’s decision is compulsory and the heavy fines of Malta must fit or risk.

“Member State cannot ensure its nationality – and really European citizenship – in exchange for pre-determined payments or investments, because this is a material amount to obtain a commercial operation,” he said.

The court stressed that each member state has the right to decide on citizenship, which was a freedom to be carried out in accordance with the EU law.

Maltese scheme “violates the principle of sincere cooperation and poses a threat to the mutual trust between member states,” the court said.

Rich Russians and Chinese have used the scheme to get the EU citizenship from Malta.

There were similar schemes in Cyprus and Bulgaria, but these countries later threw them.

Malta refused Russia and Belarus in 2022 after Ukraine’s occupation of Russia and Belarus in 2022 “gold passports”.

This story was first displayed Fortune.com

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