In a recent press release the Maltese government confirmed
that, once the quota of 1,800 applications is
reached, a revised programme will be launched. This
confirms what Parliamentary Secretary for Citizenship Hon. Alex
Muscat said last February 14th in an interview with
The Sunday Times of Malta expressing his views of
"launching it straight away to avoid having a gap in
revenue."
Where are we now?
Whilst an exact amount would be quite challenging to precisely
quantify, we know for certain that by mid-February over 70%
of that quota was already reached according to the
declarations made by Hon. Muscat in the same interview. Going back
to last year, if one were to look at the last report issued by the
Office of the Regulator of the Individual Investor Programme, which
has been issued in November 2019 that covers up to June same year,
1742 applications were received, and 1198 were approved.
