want eu citizenship that will be 865000 please
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Want EU citizenship? That will be $865,000 please

Arab Today, arab today

Arab Today, arab today Want EU citizenship? That will be $865,000 please

Malta government target rich citizens from countries such as Russia and China
Kuwait City - Arab Today

Malta government target rich citizens from countries such as Russia and China

The government of Malta has launched a plan to sell citizenship with practically no strings attached for 650,000 euros (Dh3,221,063, $865,000) to help reduce the nation’s deficits.

The scheme is targeted at rich citizens from countries such as Russia and China and will allow them effectively to buy citizenship of the European Union, which Malta joined in 2004.

Citizens of European Union countries have the right to live and work in any other country in the union.
The plan, approved on Wednesday, is expected to go into effect within a few weeks.

Buyers beware however: Opposition Nationalist Party lawmakers have vowed to repeal the law and revoke all citizenships sold if their party returns to power.

Prime Minister Joseph Muscat predicted that selling citizenship will bring 30 million euros into government coffers annually and help ease the country’s deficit.

In Brussels, European Union spokesman Michele Cercone noted that Malta and other member states have full sovereignty to decide how and to whom they grant nationality.

The European Court of Justice has on several occasions confirmed the principle of international law that it is for each member state to lay down the conditions for acquisition of its nationality.

The move comes five months after Malta’s prime minister, Joseph Muscat, was engaged in a dispute with the European Union over the numbers of illegal migrants coming into Malta via boats operated by people smugglers. He said the 17,000 people who had arrived illegally during the previous decade were putting an unacceptable strain on an island with a population of just 400,000 and little more land than the Isle of Wight.

Anyone 18 or older will be able to become a citizen of Malta, which has a population of 418,000. Due diligence will be given to applications, such as criminal background checks, but neither investment on the island nor residency will be required.
Purchasers are entitled to buy Maltese passports for immediate relatives for 25,000 euros.

The Labor-led government has said it won’t publish the names of those buying citizenship, but the political opposition has said it will if possible. The prime minister has said the new way to acquire citizenship will attract wealthy individuals “who can help change Malta’s economy”.

A private company entrusted by the government with promoting the citizenship purchase estimated that there will be some 200-300 buyers each year.

Opposition leader Simon Busuttil called the amendment’s passage by Parliament a “black day for democracy” and raised the possibility of a petition drive to force a referendum on repealing the law

Source: KUNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

want eu citizenship that will be 865000 please want eu citizenship that will be 865000 please

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

want eu citizenship that will be 865000 please want eu citizenship that will be 865000 please

 



GMT 15:36 2017 Monday ,09 January

Major EU-GCC meeting in Riyadh today

GMT 17:19 2016 Thursday ,22 December

KFMC surgeons remove 28 kg tumor from woman’s uterus

GMT 17:33 2017 Wednesday ,16 August

Damac reports decline in property development sales

GMT 09:16 2018 Monday ,01 January

Seoul leaning towards military measures

GMT 01:05 2017 Wednesday ,20 December

No guarantees on French-German initiative on Ukraine

GMT 21:00 2017 Sunday ,17 September

Saif bin Zayed approves adoption of 'Emirati Reader'

GMT 02:10 2017 Thursday ,05 January

Bahrain Stock Index Drops 3.47 Points

GMT 02:05 2017 Thursday ,28 September

July24th-August23rd

GMT 04:17 2017 Saturday ,11 November

Laulala out to prove All Blacks worth against France

GMT 02:42 2017 Friday ,14 July

NATO Tripoli strike kills civilians

GMT 05:47 2017 Wednesday ,18 January

Mohamed bin Zayed attends opening of ADSW 2017

GMT 05:40 2016 Saturday ,26 November

Oil falls 2% on OPEC cut uncertainty

GMT 16:48 2016 Tuesday ,11 October

Greek police escort refugee children to school

GMT 09:42 2017 Saturday ,12 August

Prince Charles Promoted to Highest Military Rank

GMT 13:07 2017 Monday ,25 September

Iran blocks all Iraqi Kurdistan flights
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday