Malta's Individual Investor Program Reports Continued Success: Over Euro 450 Million in Foreign Direct Investment
Jan 15, 2015, 12:06 ET
Henley & Partners highlights the continuing success of the Malta Individual Investor Program and the first naturalizations
LONDON, Jan. 15, 2015 /CNW/ - Malta's Individual Investor Program (IIP) has now received over 400 applications since its launch in early 2014, which will result in over Euro 450 million (US$ 530 million) in Foreign Direct Investment.
(Photo: http://photos.prnewswire.com/prnh/20150115/724668 )
This foreign direct investment comprises deposits, bonds, and real estate among other elements, and equates to approximately Euro 10 million (US$ 12 million) per week.
The first letters of citizenship approval-in-principle have been issued, and the first applicants will be issued with their certificates of naturalisation soon after their contribution, investment and residency requirements are fulfilled. There are over 40 nationalities represented among the applicants so far.
The IIP is a modern citizenship-by-investment program aimed at ultra-high net worth individuals and families worldwide. It was designed and is marketed internationally by Henley & Partners for the Government of Malta under a Public Services Concession. Andrew J. Taylor, Vice-Chairman of Henley & Partners, states, "Our firm understands the finest details of the IIP because we designed and created it with the Government of Malta. We are proud to work with the majority of families applying for citizenship through the program, who choose Henley & Partners because we are best positioned to ensure applicants adhere to all government regulations and follow all steps needed for a successful application."
Speaking at a Henley & Partners Seminar at the Malta High Commission in London in late 2014, the Prime Minister of Malta, the Hon. Dr. Joseph Muscat commented, "Success lies in innovation. We believe that the concept of citizenship is fast evolving, and we want to be at the forefront of this innovation. That is why we came out with the ground-breaking Individual Investor Program, the only citizenship-by-investment program which is sanctioned by the European Commission. It can be explained in one word: talent. We want to enhance our competitiveness by increasing our talent pool and by increasing our global network. We believe that these are the new borders of a brave new world."
The IIP grants citizenship to duly qualified, reputable foreign individuals and families who make a significant contribution to the economic development of Malta. The program has the world's strictest Due Diligence standards, ensuring that only highly respectable clients will be admitted.
The program intake is also capped at 1,800 successful main applicants, after which the program will close, making this the most exclusive program in the world.
About the Malta Individual Investor Program
Click here to listen to The Hon. Dr Joseph Muscat, Prime Minister of Malta; Eric G Major, CEO of Henley & Partners; and other leading experts talking about the Malta Individual Investor Program.
About Henley & Partners
Henley & Partners is the global leader in residence and citizenship planning. Each year, hundreds of wealthy individuals, families and their advisors rely on their expertise and experience in this area.
The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors who work with Henley & Partners.
The firm also runs a leading government advisory practice. We have raised more than US$ 4 billion in foreign direct investment and been involved in strategic consulting as well as the design, set-up and operation of several of the world's most successful residence and citizenship programs.
Press Photos
Please see attached an image of Malta (high res is also available).
SOURCE Henley & Partners
Share this article