Friday, March 29, 2024

Malta’s citizenship and residency programs are a resounding success

The Second due diligence conference in Malta ended in a great success. The event managed to bring together industry experts from around the world to discuss important subjects in vetting of applicants. ​The Strengthening of good CBI governance framework was one of the important subjects discussed at due diligence conference

“The Maltese government is committed towards maintaining and strengthening the citizenship due diligence,” said Parliamentary Secretary Julia Farrugia Portelli while addressing the Due diligence forum organized by IIPA.

“We have had the same experience locally, as both the citizenship and residency programmes have proved to be a resounding success. We attribute this achievement to having robust frameworks based on thorough due diligence processes to ensure that only the most fit and proper individuals and families are accepted and granted citizenship and residency,” stated Parliamentary Secretary Farrugia Portelli.

The  objectives for these citizenship and residence programmes are to attract the right talent and investors, expanding our horizons and bringing people that believe in investing in our country, while giving global citizens a chance at second residency or citizenship.

Julia Portelli
Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Processes Julia Farrugia Portelli addresses the Second Citizenship by Investment Due Diligence Conference

She explained that the Maltese government shares the European Commission’s commitments in information sharing, upholding security in the Union and countering money laundering, the financing of terrorism and evasion of tax reporting.

Further, Malta has been advocating for the introduction of industry-wide standards ever since our programmes were launched. On the other hand, she explained that our success and reputation are also important to continue attracting the right global citizens that will see Malta as their natural home and the place from where they choose to shape the world of tomorrow.

Malta’s commitment is also to connect these individuals and their business ideas with local investment opportunities and bringing to their attention our resources. These ventures, in turn, create new job opportunities.

She emphasised that the Maltese government is committed towards keeping and strengthening our successes and achievements, and continue putting Malta squarely on the global map to attract to our shores the right people, with the right talents, drive and determination that match our ambitions.

“We have seen remarkable momentum in the global investment migration industry. Our aim is to maintain our success and keep up the good reputation Malta has built in the past years, which can only be achieved from the acknowledgement that compliance, regulation and due diligence should always meet the highest of standards,” said Farrugia Portelli.

She stated after attending the Investment Migration Forum in Geneva last week,  heard from peers how these programmes are strengthening and diversifying our economies and creating new opportunities.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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