Malta's Individual Investor Program, which would allow wealthy people from outside the European Union to buy Maltese citizenship, has been postponed 'indefinitely' amid controversy and political opposition.
The Maltese government and opposition will now 'discuss amendments' to the programme according to the UK's Law Society Gazette, the journal of the solicitor's regulatory authority The Law Society.
The IIP was first proposed in late 2013. Legislation allowing the scheme to go ahead has been passed by the Maltese parliament. To qualify, each applicant under the IIP would have to