In a letter circulated to agents of the Malta Individual Investor Programme (MIIP) yesterday, the MIIP Agency states, in effect, that – as the program is fast-approaching its 1,800 application cap – prospective investors must submit their applications prior to October 1st this year in order to be considered under current regulations.
MIIPA will continue to accept citizenship applications under the Malta Individual Investor Program Rules until September 30, 2020.
Completed asylum applications will continue to be accepted until July 31, 2020. Individuals with a residence card, but who do not manage to apply for naturalization before September 30, 2020, may to be considered in accordance with new regulations which the Government stipulates to consider, if they are eligible.
Industry observers have speculated which elements of the program requirements could change in the second MIIP, notably that they involve the minimum amount of money to contribute, buy bonds and maintain. Maintain housing in the country.
Although it remains to be seen whether the new rules will be ready in time to close the gap between the first and second versions of MIIP, program officials have pointed out that the revised regulations are expected. ants within a few weeks.
Resident Global understands that the two important considerations for the government in the consideration process are to maintain the standards of thousands but there will also be any amendments to investment requirements that do not make the program less competitive. more picture.
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