A belatedly released statistical report reveals the European Commission’s threats against Malta materially harmed its CBI revenue.
Malta’s IIP raised more than EUR 1 billion in contributions alone before being discontinued show figures released by the Regulator this week.
Six months after officially responding to letters of formal notice of infringement procedures, Malta still awaits comments from the European Commission.
“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,”
Why deny MRVP/MIIP investors the possibility of segregating their investment migration assets, ask Davinia Cutajar and Charlotte Attard.
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.
Jonathan Cardona: New regulations required a “balancing act” between staying competitive and considering “the concerns of institutions”.
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
Malta’s IIP is in for a major overhaul in September, with comprehensive changes to the contribution, real estate, and residency requirements.
It remains to be seen whether the new rules will be ready in time to prevent a gap between the first and second versions of the MIIP.
Changes to the structure and minimum amounts of the real estate and bond investments, as well as the contribution, are likely, writes Andres Gutierrez.
Malta will use more of its MIIP-income to respond to COVID-19. But, as the pandemic limits application volumes, will the policy change make any difference?
“The IMC established that Dr Jean-Philippe Chetcuti has not acted against IMC Codes in the case that was subject to investigation,” wrote the organization.
Maltese government: “The importance of such a programme for an economy that has suffered from a devastating pandemic is growing, rather than diminishing.”
The administration hopes to renew the program before it expires to avoid a gap in IIP-revenue. Real estate investment amounts may rise in MIIP 2.0.
Malta’s Opposition does not want to engage in MIIP-reform talks with the new PM, Robert Abela, who has indicated he has no plans to end the program.
A French criminal court has forced France’s M6, under penalty of daily fines, to share the raw footage, which plainly reveals deceptive editing.
Fearne’s comments mark a departure in stated intentions from Labour; Muscat, two years ago, indicated he was confident the program would be extended.
The numbers offer but grim reading, as all arrows point downward for the program’s key performance indicators.