IIP contributed €129 million to Consolidated Fund

In return for granting citizenship and residency rights, Malta benefits from an investment of monetary and intellectual prestige; attracting foreign direct investment to our shores whilst also naturalizing extraordinary minds and talented individuals who can put their skills into good use.

Our citizenship is attractive because Malta is a Mediterranean gem that is rich in culture which has a stable, democratic, government and a thriving economy with endless investment opportunities.

Parliamentary Secretary for Reforms, Citizenship and Simplification Julia Farrugia Portelli during her intervention in ‘The Malta Individual Investor Programme and the Malta Residency Visa Programme workshop’, a first of its kind annual workshop jointly organised by the Investment Migration Council and the Government of Malta, explained also how the Individual Investment Programme has contributed to more than €129 million towards the Government’s Consolidated Fund.

Moreover, a significant amount of the proceeds collected, which amount to more than €300 million, were directly deposited in the National Social Development Fund to finance major social, employment and educational initiatives for the benefit of future generations.

Parliamentary Secretary Farrugia Portelli concluded by informing the panel that the Malta Residency and Visa Programme, though still in its early stages since the application process opened in June 2016, was devised in a way to regenerate the Maltese economy and reignite the service industry, and already ranks the fifth most popular residency programme according to the latest Chinese Immigration Index.