The Investment Migration Knowledge Platform
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’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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Speaking to Malta Today, Jonathan Cardona, head of Malta’s Individual Investor Programme (the MIIP), said that, since the beginning in 2014 and until the present, the CIP he heads has rejected some 24% of all applicants. A quick look at the data as reported in the annual reports of the Office of the Regulator of
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Individuals applying for citizenship by investment through Malta’s Individual Investor Programme increasingly buy, rather than lease, properties in the country. On average, they’ve spent €868,173 on real estate in Malta, some 2.5 times the mandated minimum of €350,000, since the program opened in 2014. According to the fourth annual statistical report from Malta’s Office of the Regulator
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The Office of the Regulator for the Individual Investor Programme (ORiip) today released its fourth annual report containing a variety of statistical data related to Malta’s citizenship by investment program, the MIIP, for the 12-month period between July 1st, 2016 and June 30th this year. The data reveal that while interest in the program remains robust, the
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