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