The National Development and Social Fund (NDSF) are a Government Agency that was set up under the Maltese Citizenship Act Cap 188. The NDSF manage and administer the contributions made through the Individual Investor Programme (IIP).
The NDSF receives 70% of contributions received by Identity Malta from the Maltese Citizenship by Investment Programme and used in the public interest, among other things, for the improvement of:
The NDSF Strategy
“The mission of the NDSF is to contribute towards, promote and support significant projects and initiatives of national importance and public interest. These projects are intended to develop and improve the economy, public services and the general well-being of present and future generations.” – NDSF Mission Statement.
A Board of Governors manages the Fund. Moreover, the board consists of five members who are appointed by the Prime Minister to carry out this position. Additionally, if you want to know who is currently on the board, click here.
The NDSF is a government agency; however, they are a separate legal body. In addition, the Agency Performance Agreement regulates the relationship, the communication, consultation and reporting lines between NDSF and Government.
There are four main investment strategies the NDSF will avoid doing: