💨 Abstract

The EU Court of Justice has ruled that Malta's golden passport program, which grants citizenship to wealthy foreigners for an investment of approximately 1 million euros, is a breach of EU law. The European Commission took Malta to court over the scheme in 2022. This decision restricts Malta's ability to issue passports to foreign investors, affecting their right to live and work in any EU country.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖