Malta Individual Investor Program (MIIP) | Reform

The revised program which is set to replace the current Individual Investor Program (hereinafter 'IIP') is underway. During a briefing session held on Friday 3^rd July 2020 the following proposed changes were discussed:

The current Individual Investor Program which was enacted in 2013 by means of Legal Notice 450 of 2013 will seize to exist and a new Program will come into force. Under the revised program one would be required to first obtain residence status and must be a resident of Malta for a minimum of 12 months before applying for citizenship.

During the initial 12 months of residence, one would be required to follow an eligibility assessment. The said assessment which would involve due diligence vetting amongst other factors will establish whether the individual is eligible to apply for citizenship upon the lapse of the said 12-month term or otherwise.