In December 2013 we reported on Malta’s introduction of the "Citizenship-by-Investment" option, allowing applicants to obtain Maltese citizenship by investing €650,000 into the Maltese economy.
This resulted in a storm of controversy as Maltese citizenship also bestows citizenship of the European Union on the holder. This therefore meant that Malta opened an avenue to its investors in the programme being able to live and work anywhere in the EU.
Following such criticism, the new programme was delayed indefinitely.
The UK also offers investor visas, currently to those who will invest £1,000,000 in the UK economy – although this may increase, as explained in the next story.