Dear MEL School’s Topic Readers,
EU citizenship for sale -- for $880,000.
Whoever, no matter where he or she lives or
what he or she does, may apply for a citizenship of one of the EU states,
provided that the person is wealthy enough to afford €650,000.
What are the benefits or privilege to
obtain such a pricy passport? Two most likely answers seem to be the freedom to
travel without visa to over 160 countries around the world and the right to
live anywhere in the 27 EU membership countries and get a job there.
This highly controversial law was legalized
by a tiny island nation in the Mediterranean Sea, Malta, where only a little
over 400,000 residents live in. The island country is no exception of recession
in the southern European nations like Greece and Italy and is seeking investors
and buyers of its assets. And its passport, which is more valuable in other
countries than in the issuer, seems to be the best property they could offer to
cash rich foreigners.
Enjoy reading and learning what
selling-a-passport business is like.
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