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France 24
France 24
Politics
Joanna YORK

Citizenship for the rich: Demand rises for ‘golden passports'

A cruise ship is seen in Valletta, Malta, on Wednesday, November 11, 2015. © Alessandra Tarantino, AP

The EU is set to take Malta to court over its scheme allowing wealthy foreigners to buy Maltese – and EU – citizenship for a costly fee. But buying citizenship and residence rights is a global trend among the super-wealthy that looks set to stay. 

The European Commission on Thursday took Malta to the European Union's highest court over its "golden passport" scheme that allows wealthy investors to buy Maltese – and therefore EU – citizenship, without having to live in the country. 

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