Maintaining the integrity of Malta's economic citizenship programme is perhaps the greatest challenge that the country faces, writes Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Processes Julia Farrugia Portelli.
Residence-by-investment and citizenship-by-investment programmes have played a direct role in boosting a country’s economy in the majority of instances, says Roderick Cutajar, CEO of the Malta Residency Visa Agency (MRVA).
The investment migration industry is going through an exciting growth phase that is not without its challenges. One of the industry’s biggest issues is that it is still largely unregulated, says Dr Christian Kälin, Group Chairman and CEO of Henley & Partners.
Malta’s Individual Investor Programme (IIP) is the first CBI programme in the EU to be endorsed by the European Commission. It is considered to have the best due diligence procedures in the industry. Jonathan Cardona, CEO of the Malta Individual Investor Programme Agency, shares his thoughts on best practice in the investment migration industry.
2018 is a game-changing year for banks and payment services providers as the Payments Services Directive 2 (PSD2) came into effect on January, 13. The new EU Directive aims to increase innovation, transparency and competition within the sector, requiring European banks to open their infrastructures to licensed third-party providers. This will enable more companies to get into the payments space, says Steve Grech, Chairman of the recently launched Financial Institutions Malta Association (FIMA).