While each application for a Malta Golden Visa, officially known as the Malta Individual Investor Program (MIIP), is assessed on a case-by-case basis, there are certain reasons why an application could be rejected. Some of the common reasons for rejection include:
Failure to Meet Eligibility Criteria: If the applicant does not meet the eligibility criteria set forth by the MIIP, such as the minimum investment requirements, proof of source of funds, or other specific criteria, the application may be rejected.
Incomplete or Inaccurate Documentation: If the application is submitted with incomplete or inaccurate documentation, or if the required supporting documents are not provided, it may result in rejection. It is crucial to ensure that all required documents are submitted correctly and in accordance with the program’s guidelines.
Adverse Background Checks: The MIIP includes a thorough due diligence process to assess the character, reputation, and background of the applicant and their family members. If adverse findings arise during the due diligence checks, such as involvement in criminal activities or a history of financial improprieties, it may lead to the rejection of the application.
False or Misleading Information: Providing false or misleading information in the application can lead to rejection. It is important to be truthful and accurate when providing information and supporting documentation.
Failure to Meet Residency Requirements: The MIIP has specific residency requirements, including a minimum residency period of 12 months. If the applicant fails to meet the residency requirements or does not establish a genuine connection with Malta during the specified period, the application may be rejected.
Non-compliance with Program Rules: If the applicant or their family members fail to comply with the rules and regulations of the MIIP during the application process or after obtaining the Golden Visa, it may result in rejection or revocation of the visa.
It’s important to note that the decision to approve or reject an application ultimately lies with the Malta Individual Investor Program Agency (MIIPA) based on their assessment and evaluation of the application. Each case is evaluated on its own merits.
To increase the chances of a successful application, it is recommended to work with licensed agents or specialized advisors who are experienced in the MIIP and can guide you through the process, ensure compliance with the program’s requirements, and help prepare a thorough and accurate application.
