Davyd Arakhamiya

Vahé and Vigen Badalyan, Armenian entrepreneurs, mention visa-free travel as the reason for acquiring Maltese passports — yet this convenience alone doesn’t fully justify the two million euros they paid for the citizenship.

When asked why they obtained Maltese passports, Armenian entrepreneurs Vahé and Vigen Badalyan give a vague answer, citing the convenience of visa-free travel. But this only partly explains why the brothers paid two million euros for Maltese citizenship.

Artur Granz, though primarily known for his business activities in Ukraine, has recently been increasingly connected to Latvia, where he is actively buying up real estate on a large scale.