Search for a law firm
May, 24 2019
May, 10 2019
New Individual Investor Programme Agency set up in Malta
Published by: Gauci-Maistre Xynou
Legal Notice 384 of 2018, Individual Investor Programme of the Republic of Malta (Amendment) Regulations, 2018, and Legal Notice 385 of 2018, Malta Individual Investor Programme Agency (Establishment) (Amendment) Order, 2018 were published on the 16th November 2018 in the Government Gazette, with the aim of setting up a new and separate agency which will be responsible for the Malta citizenship by investment programme. These Regulations are to be read as one with the Individual Investor Programme of the Republic of Malta Regulations, S.L. 188.03 and they substitute all references to Identity Malta in the Principal Regulations with references to the Malta Individual Investor Programme Agency.
Legal Notice 385 of 2018, on the other hand shall be read as one with the Malta Individual Investor Programme Agency (Establishment) Order, S.L. 497.25 and adds provisions to the effect of having any application/ process undertaken or under the authority of Identity Malta which is in relation to the Individual Investor Programme assigned to the ‘new’ agency. The Legal Notice makes provisions for the continuance of such applications, rights or obligations, and legal proceedings with the Agency as a replacement of Identity Malta.
Should you wish further clarification get in touch with GMX