Zero Hedge (this one was sent in by Kevin Ellul Bonici): it includes the text: “The Parliament of Malta passed legislation that set the price for Maltese citizenship at €650,000 for any non-EU applicant. It’s not linked to any residency or investment requirements. People can just come by, jump through some minor hoops, pay, get their citizenship and passport, and then settle in Germany or wherever. Simon Busuttil, leader of the opposition Nationalist Party, warned that Malta could end up being compared to shady tax havens in the Caribbean.
Prime Minister Joseph Muscat admitted that the deal was designed to sell the product. Malta is struggling. It needs the money. He claimed that about 45 people would end up buying citizenship during the first year, for about €30 million in revenues.”
This entry was posted on Sunday, November 17th, 2013 at 6:47 pm and is filed under .
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