Europe’s top court may soon halt a tiny country’s notorious ‘golden passport’ program

Quick Summary:

Several EU and investor immigration programs are currently before the European Court of Justice, and the outcome is expected to shake up cash-for-citizenship schemes that have popped up across the continent over the past decade or so.

Real estate investments, for example, are often the primary vehicles for getting these passports and visas, and as such, housing prices in countries like Portugal and Spain, who had popular investment visa programs, have sky-rocketed, driving out locals.

And indeed, a non-binding legal opinion from EU Advocate General Anthony Michael Collins indicates that the Court of Justice may rule in Malta's favor, says Rostomashvili.

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Article Details

Author / Journalist: Alicia Adamczyk

Category: EconomyBusiness

Markets: United StatesMaltaPortugalSpain

Topics: Passports Europe Investing Immigration European Commission Wealth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 07:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 974 words

Reading Time: 6 minutes read

Sentences: 4 lines

Sentence Length: 244 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27167109

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