Huffington Post 13/11/2013: While the United States and many European countries scramble to secure borders and crack down on undocumented immigrants, one little island has come up with a solution fit for late night TV.
In a move approved by parliament Tuesday, Malta will begin selling citizenship
to qualified applicants for the low, low price of just 650,000 euros
(roughly $873,730), according to The Telegraph. And what's more: That
purchase comes with the full perks of European Union citizenship,
including Schengen borderless travel and a United States visa waiver.
Sound too good to be true?
Maltese Prime Minister Joseph Muscat estimates the new program will
rake in roughly 30 million euros in its first year (equivalent to about
46 applicants), followed by 200 to 300 applicants in subsequent years.
The aim, he says, is to attract new, "high value" citizens to the
island, by which the prime minister apparently means those who can raise
close to...read on.