Malta’s IIP raised more than EUR 1 billion in contributions alone before being discontinued show figures released by the Regulator this week.
Parviz Malakouti: That CBI applicants the world over often complete the minimum statutory requirements to get the benefit is no “revelation”.
Secretary Muscat is annoyed at comparisons to Cyprus and that he can find no legal reasons to end citizenship by investment in Malta.
The Commission wants genuine links in the form of several years of residency. That is precisely what a CIP cannot ask of its participants.
As four-year-old allegations are revisited by a magisterial inquiry, a major MIIP-advisor finds its license suspended pending an outcome.
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
Changes to the structure and minimum amounts of the real estate and bond investments, as well as the contribution, are likely, writes Andres Gutierrez.
The numbers offer but grim reading, as all arrows point downward for the program’s key performance indicators.
The “report has shown in crystal clear terms that allegations made on the TV programme were false,” writes Dr. Jean-Philippe Chetcuti in a press statement.
“Malta takes these matters very seriously,” the head of Malta’s IIP Agency told IMI.
As an immigration lawyer, I feel more in control of the outcome – and that the program is much more predictable – if I am told everything.”
