Malta Registers 3rd Consecutive Budget Surplus, 76% of Which From Citizenship Program

Malta saw revenues outpace expenditures in 2018. While the government was careful to point out that it would have logged a surplus even in the absence of its citizenship by investment program, the MIIP can take credit for three-quarters of the positive balance.

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Don’t Miss Our Exclusive Coverage of Investment Migration in Davos 2019

In January 2019, for the first time, the investment migration industry was represented in Davos during the World Economic Forum’s annual meeting in the Swiss Alps. Investment Migration Insider was on-site to provide broad coverage. See the video in this story for a taste of what we’ll be publishing in the coming weeks. Our coverage

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Bipartisan Consensus on Naming of Malta IIP Citizens Despite Regulator’s Concerns

Although generally not accustomed to unanimity, both Malta’s governing party – Labour – and the opposition – the Nationalist Party – agree that the government should continue its practice of publishing the names of new citizens in its annual Gazette, despite agents’ recommendations to the contrary and the program regulator’s apprehensions about the policy, reports

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CIP Critics in European Commission “Didn’t Even Bother” to Consult Malta IIP Regulator

Earlier this week, the Malta Individual Investor Programme’s regulator – ORiip – published its annual report on the MIIP which showed the program had already raised in excess of a billion euros. Also included in that report was Regulator Carmel L. De Gabriele’s foreword, in which he expressed “utter dismay” at the European Commission (EC)

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Malta IIP Passes €1bn in Revenue, Has Turned Down €250m Due to High Rejection Rates

Malta’s Office of the Regulator of the Individual Investor Programme (ORiip) today published its fifth annual report on the country’s citizenship by investment program. All told, the MIIP has now raised more than one billion euros since inception and could have made at least €250 more, were it not for its exceptionally high rates of rejection.

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Chetcuti: 5 Common Reasons for Rejection of Maltese Citizenship Applications

Dr. Jean-Philippe ChetcutiContributor   “More high net worth individuals are seriously weighing their options in resorting to global citizenship to ensure a better future for their families or to expand their business possibilities”, confirms Malta’s Junior Minister responsible for Citizenship, the Hon Julia Farrugia Portelli. This is visible on the beaming faces of adult and

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EU Committee Calls for Golden Visas and CIPs to be “Phased Out as Soon as Possible”

In a draft report published yesterday, the European Parliament’s Financial Crimes, Tax Evasion, and Tax Avoidance Committee is calling for the “phasing out” of all EU golden visa and citizenship by investment programs.  The pretext for the recommendation is these programs’ perceived threat to security in the Union, as well as their potential for “CRS

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Malta IIP Rejects Two Applicants; Other Programs Didn’t

In an interview with TVM yesterday, Charles Mizzi, Chief Communications Officer of the Malta Individual Investor Programme Agency (MIIPA), revealed that Malta had turned down two applicants – one from North Africa, the other from Asia – even though the individual in question had previously received approvals from other programs. The decision, Mizzi told TVM,

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62% of Malta Budget Surplus to Come from Citizenship Program Next Year

Prime Minister Muscat of Malta – the Mediterranean Tiger Economy that grew by 6.4% last year, among EU-states second only to Romania (6.9%) – expects the government budget for 2019 to amount to 1.3% of GDP, of which 0.8% will come from the Individual Investor Programme. Read also: Malta’s Budget Surplus Soars to Highest in EU,

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3 Countries Make up 84% of Europe’s €5bn-a-Year Golden Visa Market

Three countries issued 84% of golden visas in Europe last year; one country alone made up more than half the market. We’ve compared Europe’s golden visa programs by application approval volumes and foreign direct investment raised over the last 12-month period.  A note on our figures: For the number of approved main applicants during the last

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Malta Already Follows Recommendations Says Govt. in Reaction to Transparency Report

In response to today’s report from Transparency International – European Getaway; Inside the Murky World of Golden Visas – Malta’s government has issued the following statement: Press Statement issued by the Government of Malta Reaction to the report ‘European Getaway – Inside the Murky World of Golden Visas’ published by Transparency International and Global Witness 2018 The

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Malta Sovereign Wealth Fund Now in World Top 50 Thanks to Citizenship Program

Malta’s National Development and Social Fund (NDSF) – established to manage and administer receipts from the country’s Individual Investor Programme – has raised a total of €432,014,517 since inception and until August 31st this year, according to the fund’s board of governors. The reported figures make the NDSF the world’s 43rd largest sovereign wealth fund by assets

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As Malta’s Golden Visa Adds Equity Option, an Investment Fund Solution Debuts

Kylin Prime GroupSponsor   The Malta Residency and Visa Regulations have been amended to extend the list of qualifying investments. The revised regulations now state that the investments can be made in debt or equity securities listed on the Official List of the Malta Stock Exchange. Investment in these securities may also be achieved through

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Malta Golden Visa Hits 1,000 Apps, Celebrates by Adding Commissions and Investment Options

Malta’s Residency Visa Programme (MRVP), Europe’s youngest – but already thriving – golden visa has received more than 1,000 applications to date, reports the Malta Residency Visa Agency (MRVA), which is also announcing major policy changes with regards to agent commissions and investment options. Until today, the MRVA required the following investments and contributions from

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Euro. Commission Will “Insist on Genuine Links” for Malta’s Economic Citizens

In an interview published yesterday on NewsBook, European Commissioner for Justice, Vera Jourova, revealed some of the details to be included in the Commission’s guidelines for citizenship by investment to EU countries, due this fall. “[…]we want to issue a new recommendation to the states to increase the due diligence, the checking of the people

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MIIP Funds Charity for Children with Cancer: An Attempt to Justify the Program, Says Opposition

Malta’s Individual Investor Programme (the MIIP) will help Puttinu Cares – a Maltese support group for children with cancer – provide free accommodation to Maltese patients and their families traveling to the UK for treatment at the Great Ormond Street Hospital, the Malta Independent reports. The MIIP has already provided €1 million in financial contributions

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