A British consultancy firm, Henley & Partners, stands to make tens of millions of euros for helping Malta create up to 20,000 new EU citizens-on-paper.
The scheme will provide money for a €1 billion investment fund in the tiny Mediterranean country, whose national budget is just €3 billion a year.
It will see Malta sell 1,800 passports for €650,000 each, before closing down the programme.
But every main applicant can also buy additional passports for children up to 26 years ...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.