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 old, for their spouse, and his or her spouse's parents and grandparents, for between €25,000 and €50,000 per head.Which passports allow their holders to live and work in 28 EU countries, as well as enter numerous others--including the USA--without an entry visa. Demand is reported to be heavy from middle eastern countries and Russia.