The Government of Malta announced they are closing in on the 1,800 quota for the Malta Individual Investor Programme (MIIP) – the world’s most prestigious and number-one ranked citizenship-by-investment programme.
The government will be reviewing the programme and will likely be making significant changes, including removing the requirement to purchase €150,000 in government bonds but raising the cost of the non-recoverable contribution.
There is little time left for you to ponder whether you wish to move forward under the current regulations. The current programme is only available until July 31st, 2020. That means you have less than 50 days to secure your spot.
If you want to invest in Malta citizenship, you will need to do so in the coming weeks to save €150,000.
The first step is to complete and send back RIF Trusts’s initial due diligence form along with copies of the passports for all family members who will be included in the application. This will allow us to run the necessary compliance checks to ensure you and your family are eligible.
If you pass the initial due diligence, we will move to the Client Agreement and request the initial retainer. We will then start working on your residence application and request the biometric appointment with MIIPA. This appointment must be secured prior to July 31st.
Lastly, citizenship applications must be submitted by September 30th to secure a slot under the current citizenship regulations. If we initiate the process in the next week or two, we should have ample time
If you fail to make it in time under the current regulations, or purposely choose to wait, we will advise you of the new regulations the minute they are officially announced by the Government. As previously mentioned, the new regulations will likely see an increase in the non-refundable contribution of €150,000 to offset the removal of the bond purchase requirement.
If you want to obtain Malta citizenship, don’t delay and contact us today.