Malta has denied two applications for the citizenship investment programme, following rigorous scrutiny carried out on them by the Agency for the Individual Investor Programme (MIIP). Both these applications, from an Asian and a North African, however, were accepted by other countries.
This information emerged in an interview with Charles Mizzi, a representative of the Maltese Agency for the Citizenship Investment Programme, on yesterday’s Ras imb Ras programme broadcast on TVM.
Mr Mizzi declared that this is a reflection on the seriousness of the programme, where each application is evaluated in great detail with the aim of creating a clear picture about all applicants before a final decision is taken.
Mr Mizzi explained that in the event of the slightest doubt, the application is turned down, and this irrespective of the applicant’s wealth, adding that this scenario justifies recommendations made by Malta for standards in the industry to be raised and information to be shared on applications which have been denied, in order to minimise the risks.
The Citizenship Investment Programme was discussed on Ras imb Ras in light of the report issued by Trnsparency Internationl and Global Witness regarding citizenship programmes and residence with investment.
