Friday, November 22, 2024

Malta IIP applicants donated €3.5m for philanthropic purpose

Malta IIP applicants had donated  €3.5 million euros for philanthropic purposes. Maltese NGO’s received 550 donations from such applicants. This was announced by Parliamentary Secretary within the Office of Prime Minister, Julia Farrugia Portelli

 

Today, Parliamentary Secretary Julia Farrugia Portelli also inaugurated new playing facilities for kids living at Angela House, with an investment of €70,000, thanks to donations made by IIP applicants to Claris Foundation. As a result 32 children aged between 3 and 15 years will be enjoying a better life.

 

Claris Foundation

 

Earlier this year, IIP scheme funded New equipment for heart treatment of €950,000 grant by IIP Social Fund.

PM Muscat earlier this year announced, €50 million generated from the sale-of-citizenship scheme will be spent on a massive social housing project that will create some 500 new units.

PM Muscat donated  €5 million to Puttinu Cares foundation.

Malta’s citizenship scheme known as ‘Individual investor program’ offers citizenship to highly qualified, talented high-net worth individuals and families for 1.1 million euro investment in the country. The scheme requires €650K donation to national fund and €150K investment in Government stocks and meeting other conditions.

All applicants had to meet stringent due diligence checks before being granted Maltese citizenship through investment.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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