|54% of IIP Applicants Are from Russia|
The absolute majority of applicants for Malta’s citizenship programme, otherwise known as the Individual Investor Programme (IIP), hail from former Soviet Republic countries, an annual report shows.
Tabled in parliament this evening, the report was compiled by IIP Regulator Godwin Grima and carries an evaluation of IIP applicants as at June 2014, when 173 main applications had been submitted.
The number today is much higher, with 459 applications submitted for residence permits, as part of the IIP requirement.
According to the analysis carried out by the Office of the Regulator, 59% of all IIP applicants came from former Soviet Republic countries; 30% from the Asian continent and 3.5% from the African continent – 18% derived from Middle East countries whilst 9.8% hailed from the Gulf. 54.3% of the applications came from Russian citizens. Applications from BRICS countries – Brazil, Russia, India, China and South Africa – represented 61.3% of total applications.
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Published on our website on Feb.26, 2015