Malta suspends Russians and Belarusians from applying to MEIN and MPRP programs, ostensibly over inability to conduct adequate due diligence.
Malta’s Citizenship “Czar”, Alex Muscat, promised to oppose efforts to tax or stop CBI programs but expressed support for tighter regulation.
Parliamentary Secretary Muscat once again reminds Ursula von der Leyen that deciding whom to naturalize is Malta’s sovereign prerogative.
The European Commission has sent a “Reasoned Opinion” to Cyprus and an “additional letter of formal notice” to Malta.
Six months after officially responding to letters of formal notice of infringement procedures, Malta still awaits comments from the European Commission.
Malta becomes the latest country to capitalize on the growing trend of remote-workers by aiming for consumption rather than taxation.
“There will be quarters with different motives where they feel the need to object [to the MEIN policy],” Secretary Muscat tells IMI.
Investment migration people in the news this week.
See requirements and forms, procedures, the code of conduct, the licensing requirements, the policy handbook, and analysis of the MEIN here.
“Malta is willing to take all legal paths to ensure nationality and […] will defend this position even if the case is taken to the ECJ,”
Secretary Muscat is annoyed at comparisons to Cyprus and that he can find no legal reasons to end citizenship by investment in Malta.
In the event of early termination of the concessionaire’s contract, the Maltese government would be liable for losses incurred.
Malta’s IIP is in for a major overhaul in September, with comprehensive changes to the contribution, real estate, and residency requirements.
