$ Buys Everything

Malta to Sell EU Passports

Want to quickly become a European Union citizen? In a move set to make millions of euros for the small nation, Malta plans to sell 1,800 passports for around $880,000 a pop to prospective citizens. Each applicant can also buy less expensive passports for children up to age 26, a spouse, and the couple's parents and grandparents. The new passport holders will be able to travel and work in all 28 EU states, a point that has caused concern in member countries. The European Union will hold a debate on the plan during the first plenary session this year.