During the year, 422 applications for Malta citizenship and 83 refusals for the whole year for various reasons were approved. The total fundraising from the Malta Citizenship Program was almost 3% of the country's GDP. December 20, 2017.
The Office of the Regulator of the Individual Investor Program (IIP) of the Government of Malta published its fourth annual report, which presents the statistics of Malta citizenship on the investment program for the 12-month period from July 2016 to June 2017.
The report highlights a number of different factors, including the number of applications received, rejected and naturalized citizens. It also offers a comprehensive breakdown of major citizenships, spouses, dependents, and investment options.
THE STATISTICS OF THE PROGRAM OF MALTA CITIZENSHIP JULY 2016-JUNE 2017
The report showed that although the Malta Citizenship program still attracts a significant number of applications, the actual amount submitted during this period fell to 377 out of 451 applications for Malta citizenship recorded in the previous period, which is about 17% less.
This brings the total number of applications since the launch of the Malta Citizenship Program to 1,101.
Applications for the citizenship of Malta in the investment program:
The majority of applications received come from the main male applicants, who make up 79% of the total number of applications.
In the statistical data there are 9 main regions of the applicant’s origin:
- Europe (168 applications),
- Gulf region (31 applications),
- Asia (81 applications),
- Africa (21 applications),
- Middle East (51 applications),
- North America (18 applications),
- South America (4 applications),
- Caribbean (1 application)
- Oceania (2 applications).
Similarly, by the previous year, the majority of applications came from the European Region, but unlike the previous year, the number of applications from Asia and the Middle East increased, while from the countries of the Persian Gulf and Africa decreased - a trend that may be observed in other CBI programs.
962 dependents were included in 377 applications.
On average, each applicant included in the application 3 dependents, similar to previous years.
THE CITIZENSHIP OF MALTA – THE RESULTS OF MIIP
The number of applications that were approved, which entails a positive opinion on the legal review, and in principle a letter of approval was issued, was 422. This increased significantly compared with the previous year, where there were 241, as well as a year before from 75 This underlines the increased effectiveness of the application process. There were also a significant number of applications, namely 83, which were not approved during the year under review.
The naturalization of applications MIIP386 applications also reached the stage of naturalization, which is a significant increase compared with the amount recorded for the previous period, which is 137, which is the total number of naturalized citizens to the end of June 2017 amounted to 566 people. The Maltese IIP has 1,800 naturalizations (with the exception of dependents), which means that a third of the possible places have been filled so far.
THE CITIZENSHIP OF MALTA – INVESTMENTS, PERFORMING BY APPLICANTS OF MIIP
Regarding investment in the property of the investor, the vast majority of 88% (340) were rented, and the remaining 12% (46) were acquired. The most popular places for both options are Sliema, St. Julians and Swieqi.
During this period, the average amount spent on the purchase of property amounted to an average of 868,173.58 euros for the property, while the average annual rental value of the leased property was 21,128.53 euros.
The amount invested in state stocks in the period from July 2016 to June 2017 amounted to 58,371,279.83 euros.
THE STATISTICS OF THE PROGRAM OF MALTA’S CITIZENSHIP – FEES, COLLECTED FROM JULY 2016 TO JUNE 2017
In the period from July 1, 2016 to June 30, 2017, financial contributions to the National Fund for Development and Social Security amounted to 194 million euros; 83 million euros in the Consolidated Fund; 16 million euros for Identity Malta and 13 million euros for the concessionaire. The total contribution of IIP applicants for this period is estimated at 10,584,600,000 euros, which is equivalent to 2.74% of GDP.