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The sixth version of the EU Directive on administrative cooperation, commonly known as DAC6, has been adopted by the Council of the European Union on the 25th May 2018, and transposed into Maltese law by virtue of Legal Notice 342 of 2019, on the 17th December 2019.
The new Maltese Residence programme was announced in an official accredited agents’ conference by the Parliamentary Secretary for Citizenship and Communities, Hon. Alex Saliba.
With the possibility of obtaining a second residence or citizenship by investment, applicants and their families are choosing to migrate permanently to other countries. Business, education, better healthcare and political or social disturbances are only a few of the reasons these individuals opt to relocate to another country. Others need assurances and a default ”plan b” in the event of uncertain times.
In today’s corporate world, accountability, transparency and risk mitigation are possibly the most crucial elements. Collectively, these components ensure that enterprises all over the globe are comfortable enough to execute transactions knowing that the structure within which they operate adheres to the rules and regulations in force at a given time.
The Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment Regulations has been launched, granting citizenship by a certificate of naturalisation to foreign individuals and their families who contribute to the economic development of Malta following a residence period.
Malta has recently set up an Individual Investor Programme (IIP), whereby an individual of reputable standing may invest an amount of money in the State to become naturalised as a citizen of Malta, subject to strict due diligence tests and investigations. Requirements of IIP Malta is seeking to attract reputable individuals who will be a good influence on the state and who will raise the profile of Malta. The IIP will require an individual to make a contribution in the amount of €650,000 to the State, which will be invested in the eco...