Malta’s cash-for-passports scheme has been described by the government’s concessionaire, Henley & Partners, as the best in the world for millionaires who want to buy citizenship.
As the firm gears up to its 12th Global Residence and Citizenship forum in Dubai, in which Prime Minister Joseph Muscat will again be among the key speakers, the Switzerland-based company said a new study it conducted again ranked Malta’s scheme as the best in the world.
“For the fifth consecutive year, the Malta Individual Investor Programme [as it is technically known] is the top-ranking citizenship-by-investment programme in the world,” it said.
Malta is followed in the ranking by Cyprus, which entered the EU together with Malta in 2004, and Austria, the only other EU member State that sells citizenship, although in a much more restricted scheme.
The other countries included in the passport selling scheme ranking are Antigua and Barbuda, Moldova, Montenegro, St Kitts and Nevis, Grenada, St Lucia, Dominica, Jordan and Turkey.
The controversial scheme, introduced in 2013 when Labour gained power, was designed for the government by Henley & Partners. Through the scheme, hundreds of millions of euros are…
