The Morning Brief Malta Malfunction: The Rich Hit a Border Wall
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May 29, 2025 Rajneesh Pathak, the founder and CEO of Global North Residency and Citizenship, dives into Malta's recent ruling that threatens its golden passport scheme. He discusses how this decision will reshape global wealth migration, particularly for high-net-worth individuals from India. The conversation reveals a rising trend towards more affordable residency options in the Caribbean. Rajneesh also examines how these changes influence investment choices, with many seeking permanent residency as a safer alternative to costly citizenship programs.
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Malta's Scheme Banned by EU
- The EU court ruled Malta's citizenship-by-investment scheme violates EU law for reducing nationality to a commercial transaction.
- This ruling disrupts a decade-long dominant program and shakes global wealth migration dynamics.
Residency vs Citizenship Defined
- Residency differs from citizenship: residency grants rights in one country, citizenship changes nationality and passport.
- Malta was Europe's last fast-track citizenship, now only residency leading to citizenship over years remain.
EU Cracks Down on Citizenship Schemes
- The shutdown of Cyprus citizenship program marked a turn in EU crackdown on fast-track citizenship.
- The EU continues revoking risky citizenship schemes globally, signaling stricter future enforcement.