Individual Investor Program Continues its Success: Over US$ 330 Million of Capital Attracted to Malta in 6 Months
LONDON, August 19, 2014 /PRNewswire/ --
Malta's Individual Investor Program (IIP) continues to build upon its significant early success.
The IIP is a modern citizenship-by-investment program aimed at ultra-high net worth individuals and families worldwide. It was designed and is operated by Henley & Partners for the Government of Malta under a Public Services Concession.
The IIP allows for the grant of citizenship to duly qualified, reputable foreign individuals and families who make a significant contribution to the economic development of Malta.
Over 200 applications for citizenship have been received since the program's launch in early 2014, with a number already at the Due Diligence phase. This represents a commitment of foreign direct investment into Malta of over 200 million Euros or 330 million US Dollars over the last six months.
The IIP has the world's strictest Due Diligence standards, ensuring that only highly respectable clients will be admitted. The program intake is also capped at 1,800 successful main applicants, after which the program will close, making this the most exclusive program globally.
There are over 30 nationalities represented among the applicants so far.
Identity Malta chief executive officer, Jonathan Cardona, commented on Henley & Partners' role, "Their excellent services are attracting to Malta the type of individuals that the government wanted to target through the IIP, with the potential of significant investment in our country".
Many applicants started the IIP process intending to rent property on Malta, but are now considering purchasing, having spent time on the islands. Mr Cardona confirmed that a number of applicants were opting to buy property. He added that the investment interest was quite wide-ranging, from hotels and real estate, to factories, IT and the film industry.
A private client, who wished to remain anonymous, shared the reason he proceeded with the IIP, "I liked the idea of becoming European and providing my children the right to travel without hassle, and to also live, work and study anywhere in Europe."
The Prime Minister of Malta, Hon. Dr. Joseph Muscat, will speak about the IIP and its success at two upcoming events:
The Henley & Partners' Global Citizenship Seminar takes place at the Four Seasons Hotel, New York on September 10 2014. This key event will focus on the significant international trend of increasing mobility and acceptance of multiple citizenship. Further information is available at http://www.henleyglobal.com/NYC14
The 8th Global Residence and Citizenship Conference will be presented by Henley & Partners on October 29-30 2014 at the Fullerton Hotel, Singapore. The conference covers the key developments in the area of residence and citizenship planning and provides first-hand information from the industry leader, top-tier international service providers and governments. Register at http://www.henleyglobal.com/singapore14
About Henley & Partners
Henley & Partners is the global leader in residence and citizenship planning. Each year, hundreds of wealthy individuals, families and their advisors rely on their expertise and experience in this area.
The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors who work with Henley & Partners.
The firm also runs a leading government advisory practice, and have been involved in strategic consulting and the design, set-up and operation of several of the world's most successful residence and citizenship programs which attracted have more than US$ 3.5 billion in foreign direct investment to date.
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