Malta has been in the passport-selling business since 2014,
when it began offering its citizenship to wealthy foreigners willing to spend approximately $1.5 million in investments, fees and real estate. “We want high-net-worth individuals, and highly networked individuals — people who can get things done with a phone call rather than going through bureaucratic processes.” The elephant in the room, of course, was that as a member state of the EU, Malta’s citizenship was a buy-one, get-26-for-free package: All EU nationals have the right to move freely within the bloc, as well as live, work and transact in all of its jurisdictions. Bloomberg 13 December 2024 https://www.bloomberg.com/news/features/2024-12-13/what-is-citizenship-how-states-determine-birthright-and-privilege A Sunny Place for a Shady Online Business https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html Operation Pedestal Wings over Malta In the summer of 1942, with the outcome of the Second World War still in the balance, the largest Roy...