Want to be Maltese? That will be $865,000
Malta's Parliament has voted to sell citizenship with practically no strings attached for 650,000 euros ($865,000) to help reduce the nation's deficits.
Prime Minister Joseph Muscat predicted that selling citizenship will bring 30 million euros into government coffers annually and help ease the deficit.
Anyone 18 or older will be able to become a citizen of Malta, which has a population of 418,000. Due diligence will be given to applications, such as criminal background checks, but neither investment on the island nor residency will be required.
Purchasers are entitled to buy Maltese passports for immediate relatives for 25,000 euros.
- Associated Press