Malta’s Golden Passport Organization was rejected by the European Union’s first event

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Malta’s controversial Golden Passport regime on Tuesday was considered illegal by the court, which allows foreigners to acquire foreigners in exchange for 690,000.

The Commission has filed a case for years claiming that the Golden Passport regime has violated the duty of Malta’s loyal cooperation. The organization gave people the opportunity to get citizenship, as a result, the right to work throughout the European Union, even if there are no family relations or an apartment in that country.

The European Court has agreed with the Commission, which is “equivalent to commercialization of national organ state law and expanding the citizenship of the union, with the concept of this basic position that results in EU contracts.”

According to the court, there were allowances or investments at the base of the Maltese regime, and “the most effective residential Malta Republic in this area cannot be considered an essential criterion for providing the nationality of these member states under this regime.”

The court said the Malta had not fulfilled the duties responsible for the EU contracts by creating and using its Golden Passport system and had ordered the country to pay the process costs.

Last October last October, the Attorney General Anthony Calinson ignored the worries of the European Commission that he would undermine the integrity of the European Union.

Calinsin suggested that “each of them has the right to be one of their countrymen, and as a result, the member states have decided to decide who is the EU citizen.”

Court judges do not need to follow the comments of Attorney General, although they do so in most cases.

Malta was the last Golden Passport system after Cyprus removed its practice in 2020 and Bulgaria in 2022. Other countries offer “Golden visas”, which offers a short system, which provides residential permissions to those who want to pay, although they are important.

Eliminating the real estate investment status in an attempt to reduce real estate speculation, Portugal reduced its Golden Visa regime by 2023. The Netherlands followed the example, ending their Golden Visa regime in January 2024, and Spain promised to cancel Golden visas for those who invest in the real estate sector.

These regimes have raised significant concerns about safety and money laundering – especially since the invasion of Ukraine by 2022, the acquisition of the EU passport or residential card will allow the rich to escape the sanctions.

By 2022, the MEPs fascinate the most strict rules for Golden visas and the ban on investment citizenship, which said that “a protocol, is objectionable from legal and economic view.”