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EU citizenship by investment regulations

Price increases: Malta and Portugal

February 2020: Price Increases

In a previous newsletter we talked about an imminent change of government in Malta and how this might affect the Malta IIP citizenship by investment program. Now we learned that the program, while being continued, will probably become more expensive.

For background, the Malta Prime Minister, Mr. Joseph Muscat, who launched the IIP program in 2014, announced his resignation in December of 2019.

Of the two candidates running for office, one of the candidates, Mr. Fearne, stated that he would do away with the IIP program in its present form.

However, Mr Fearne did not win the election which was held in mid-January. Instead, the position of prime minister went to Mr. Robert Abela, a representative of the ruling party, who is committed to keeping the program alive.

At first glance this was very comforting to the community of aspiring investment immigrants because it promised a continuation of this popular path to Malta citizenship.

However, as we have said previously, there is ever increasing pressure from EU leadership in Brussels to tighten application standards, and we’ve expressed our concerns that this pressure could also lead to changes in Malta - changes that would not favor the applicant. Our fears were confirmed last week when the Sunday Times of Malta newspaper published an interview with the Malta's secretary for citizenship and communities, Mr. Alex Muscat, stating that a “revised” IIP program might be rolled out later this year. The major revision: an increase in the minimum property investment. The current minimum prices, for a rental or purchase, were established some six years ago, and - given Malta’s recent property boom – should thus be revised upward.

Forcing investors interested in Malta to shell out more cash for essentially the identical product mirrors recent events in other countries offering similar immigration by investment programs.

For example, we have witnessed Cyprus, Bulgaria, and the US significantly raising minimum investment amounts and/or tightening qualification criteria. And just a couple of weeks ago Portugal announced new restrictions to no longer allow property investments in the country’s popular coastal areas of Lisbon and Porto, but instead require more expensive job-creation investments in these locations.

In summary, we are witnessing a global push back against immigration by investment programs, and it now appears Malta will not get away unscathed. If you want to avoid the price hike, starting the process now might be a good idea because it usually takes a few weeks to collect all application forms and supporting documentation before an application is ready to be filed with the authorities.

If you have any questions about the aforementioned changes please send us an email; our teams are ready to start working with you.

Because immigration by investment program details can change from time to time please inquire with us regarding the latest rules and regulations for the program of your choice.

To start the application process online please register here.

To receive a detailed cost estimate or to schedule a confidential in-office consultation about Malta citizenship please complete the Malta Immigration by Investment contact form.

To learn more about the various Immigration by Investment programs available worldwide please visit our portal at www.Global-Residency.com.

If you are still undecided which program is right for you please use our automatic Product Finder Tool to find an option that best fits your budget and timeline.




Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

394A / 395A, Triq il-Kbira San Guzepp
Santa Venera, SVR 1016
Malta

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Phone: +356 9950 5515
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Company Registration No.: C-39472
VAT ID: MT-18142026

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Zenturo

Zenturo Ltd. is a global professional services firm with an international reach, providing services to businesses and high-net-worth individuals worldwide since 2006.

Our technology-centric approach offers client support at the lowest cost possible without fees charged by intermediaries.

Transparency, honesty, and integrity are at the core of our values.

Our immigration attorneys are government-licensed Authorized Registered Mandatories, a designation required by the Malta Government to file Malta citizenship or residency by investment applications. License: AKM-BALD

We offer several communication channels, including email, phone, chat, Zoom, and private in-office meetings.

Zenturo Ltd.
Residency & Citizenship by Investment Programs Worldwide

394A / 395A, Triq il-Kbira San Guzepp
Santa Venera, SVR 1016
Malta

Phone: +356 9950 5515
WhatsApp: +356 9991 4125
Telegram: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support

Service Inquiries: service@zenturo.com
General Counsel: legal@zenturo.com

Company Registration No.: C-39472
VAT ID: MT-18142026
Client Testimonals

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