What is Individual Investor Program of the Republic of Malta?
Malta Citizenship by Investment may be granted under an amendment passed in November 2013 to the Maltese Citizenship Act, Chapter 188 of the Laws of Malta. These amendments provided the framework for the enactment of LN 47 of 2014. The Malta Individual Investor Program (MIIP) rules provide for affluent persons of impeccable standing and repute to be naturalised and to receive Maltese citizenship on the basis of a contribution to and investment in Malta.
Under Which Investment Scheme Can a Non-EU Citizen Get Permanent Resident Permit in Malta?
The Malta Residence and Visa Program (MRVP) and the Malta Citizenship by Investment Program (also known as the Individual Investor Programme or IIP) are introduced by the government of Malta to propose facilitation for high net worth individuals and their actions in the country. If the requirements of the programs are met, eligible applicants may acquire either a Maltese residency certificate and card (MRVP) or Maltese citizenship and passport (IIP) in a shorter time-frame, further acquiring benefits ancillary to both.
What are the Malta Golden Visa Requirements?
To benefit from this program, applicants must make a minimum contribution of €650,000 to the national development fund set up by the government. They must also, invest €150,000 in government approved financial instruments and commit to a residence in Malta for a minimum of 5 years. The property value for purchased real estate needs to be a minimum €350,000.
What are the Required Fees to Gain Maltese Citizenship?
The Contribution Requirements and the Schedule of Fees payable under each application are as follows:
- €650,000 for the main applicant
- €25,000 for the spouse
- €25,000 for each and every child below 18 years of age
- €50,000 for each and every dependant unmarried child between 18 and 26 years of age
- €50,000 for each and every dependant parent above 55 years of age
Due Diligence Fees:
- €7,500 for the main applicant
- €5,000 for spouse
- €3,000 for each and every child between 13 and 18 years of age
- €5,000 for each and every dependant unmarried child between 18 and 26 years of age
- €5,000 for each and every dependant parent above 55 years of age
- Passport Fees: €500 per person
- Bank Charges Fees: €200 per application
How to Get Permanent Residence in Malta
To qualify under the regulations, the main applicant for Malta Citizenship by Investment must be at least 18 years of age and must meet the requirements outlined in this factsheet. The main applicant may also add dependents to a citizenship application. Their spouse, children, parents or grandparents can also benefit from the Malta Citizenship by Investment Program under certain conditions.
To qualify for Malta Citizenship by Investment, the main applicant is required to contribute at least €650,000 to Malta. Of this contribution, 70 per cent will go into the Fund set up by the Government of Malta and run by a board of trustees. The rest goes to the consolidated fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each. Applicants are required to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum, both on five-year contracts. In another option, applicants are required to invest at least €150,000 in bonds or shares from time to time approved by the Maltese Government to be kept for at least five years. This investment will need to be made in stocks sanctioned by the government as beneficial to the Island.
Does Malta Allow Dual Citizenship?
Yes, Malta recognizes dual citizenship.