The European Parliament today overwhelmingly passed a non-binding resolution urging Malta to stop the program, saying it "undermines the very concept of European citizenship".
Prime Minister Joseph Muscat told a news conference that Europe's position has been noted but that the plan will continue.
Applications have already started to be received, but he declined to say how many since the program took effect earlier this week.
The program requires investments of USD 1.57 million but lacks a residency requirement. Muscat has said it will be capped at 1,800 passports.