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The United Arab Emirates is poised to attract the biggest share of private wealth this year as Russian capital seeks a new home, according to a new report published by Henley & Partners.
Passport Papers | Junior minister was Henley’s OPM contact to avoid client ‘grief’
Parliamentary Secretary for citizenship Alex Muscat was named by Henley & Partners as their contact person inside the Office of the Prime Minister
27 April 2021, 7:02am
by Nicole Meilak
Alex Muscat, now Parliamentary Secretary for citizenship, was named by Henley & Partners as their “contact person” inside the Office of the Prime Minister.
Muscat would ensure a “positive experience” for a client submitting to the application process for Maltese citizenship through the Individual Investor Programme, with the Maltese government helping the IIP’s concessionaires to “minimize grief to clients.”
This grief included being chased by journalists.
Henley & Partners was “prepared” for the potential launch of a Malta passport sales scheme to rich foreigners months before a public call for the scheme was issued in 2013, leaked documents from the Passport Papers reveal.
A few weeks after Labour shot to power in March 2013, Henley & Partners hired lawyer Adrian Camilleri to look into “procurement issues relating to the establishment of a citizenship-by-investment scheme in Malta”.
The government notice, dated April 2013, came two months prior to a public call for a “consultant” to advise on and operate such a scheme was published by the government.
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Rival bidders Arton Capital had filed a legal case against the government alleging an “abusive” process that led to Henley winning the concession, saying they had an unfair advantage because they had already acted as advisers on such schemes before the call was made. The case was settled out of court in 2015.