Malta New Points-based System for Citizenship:
Malta has adopted a points system to allow citizenship applicants for the Individual Investor Program (IIP) to reduce the time they have to spend in Malta in order to be considered "effective residents" as per the program requirements.
Malta's IIP program has proven to be contentious, with other EU members voicing concerns about the fast-track sale of EU citizenship being carried out by Malta. The one year effective residency requirement was introduced to allay these fears, with Malta reaching an agreement with the European Commission based on the international tax law model of residency.
But while the EC expects IIP applicants to spend at least 183 days in Malta during a 12-month period, reports suggest that IIP applicants actually spend much less time living in Malta before being considered as effective residents.
These reports have been confirmed by Joe Vella Bonnici, executive chairman of Identity Malta, the government agency responsible for the IIP, who announced the IIP's adoption of a points-based system to determine residency status.
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