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There are a few investment opportunities, but if you're doing so through a real estate purchase, the minimum cost requirement varies by region: Buying a property in the north or northeast of the ...
Polidano also owns the Montekristo Estates holding outside Siġġiewi, including event venues, entertainment facilities, a zoo, a restaurant, a winery, and an olive oil mill operation, which Malta's Planning Authority once described as “one of the largest illegally-built construction sites on the island”. [11]
The program originally requires a minimum investment of €250,000 in real estate or €400,000 in securities or a bank deposit in Greece. [19] The investors' close family members also receive a residence permit without further investment requirements, including their spouse, children up to 21 years old, parents and parents-in-law.
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The land was then sold to developer Jalal Husni Bey, from Libya's HB Group, [12] who had originally foreseen "buy[ing] some apartments. [ 10 ] [ 13 ] The project was initially approved by the Malta Environment and Planning Authority (MEPA) on 12 March 2009.
The citizenship-by-investment program and the relationship between Henley and the Malta government was criticized at the time. [35] Critics in Malta argued that the concessions to Henley were overly lucrative and may have entailed conflicts of interest. [35] Henley received 4% of each donation, which meant €26,000 per application for ...