Investment Citizenship

Why Investing in Malta is a Smart Idea?

Updated: 9 July 2021

For the people who want a second citizenship for themselves and for their families to relocate their personal and business matters to an EU country, Malta’s first EU approved citizenship program, Malta Citizenship by Investment Program is a viable option. This program grants Maltese citizenship for life and it gets passed on to future generations by descent.

Malta’s Citizenship by Investment Program is a scheme aimed at high net worth individuals. Also known as Malta Individual Investor Programme (MIIP), the scheme requires a considerable investment. 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. After one year of residency, naturalisation and Maltese passport are granted to the applicant. This means EU citizenship and availability of living, studying and working anywhere in the EU.

Malta got accepted as a member of the European Union in 2004, and is a part of Schengen area since 2007. As at June 2018, the number of applicants in the Maltese citizenship program was just over 1,431, out of the cap of 1800 applications in place for the whole program.

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. 

Benefits of Maltese Citizenship by Investment Program

Malta passport grants visa-free travel to over 166 countries, including EU, USA, Canada. It also enables its holder to live, work, study in any of the 28 EU countries, Norway, Iceland, Switzerland & Liechtenstein.

Family eligibility includes parents of main applicant and spouse, minor children, unmarried dependent adult children under 27. Descendants are also automatically entitled to citizenship thereafter.

Malta is a neutral, safe and stable country with a friendly people living a European lifestyle but with a Mediterranean quality of life.

Malta’s Citizenship by Investment Program has a four month processing time. Within the first three weeks, program grants residence cards with Schengen mobility for 18 months.

Member states of the European Union are all developed countries with a really high quality of life. Almost half of the EU countries launched citizenship or residency by investment programs. These schemes were created for those third country nationals, who would like to invest in the European economy. Also, those who want to benefit from the right of living in the European Union and/or in the Schengen area use these programs.

Golden Visa programs of Europe provide investors with many advantages. People from all over the world want to get EU permanent residence and benefit from these advantages. This article particularly focuses on perks of security, business opportunities and quality of life that come with EU residency.

A Stable Economy and A Business-Friendly Government

As a small island state, Malta lies in the Mediterranean in a strategically and economically important location. With its democratic and stable government, robust economy and business-friendly environment, Malta is a great place to live, and also do business in.

As explained above, Malta’s residence program allows its beneficiaries to obtain the residence permit in Malta and visa-free travel across EU and the Schengen area. Additionally, program beneficiaries:

  •         are eligible to apply for long-term residency, in line with additional requirements laid out in the Immigration Act;
  •         have the option to redeem their qualifying investment after five years;
  •         have a residence card that supports employment opportunities;
  •         enjoy unique business opportunities and grants for prospective investors;
  •         have access to a Programme that allows four generations of families to apply;
  •         can penetrate Malta’s affordable real estate market;
  •         pay a competitive, low application fee, when compared to other European residency programs.

In Malta, the government employs open-for-business policies that welcome the latest industry developments, while ensuring consumer protection and market stability. Foreign companies relocating their businesses to Malta, or opening start-ups, can access a number of government-run initiatives, intended to attract direct foreign investment to the Islands’ shores. Business can be conducted in English and entrepreneurs will find a strong infrastructure and a talented, professional and skilled workforce in Malta.

Country’s most popular industries include financial services, gaming, aviation, maritime, pharmaceuticals, manufacturing and tourism. Malta is also one of the first countries in the world to regulate for the development of blockchain and cryptocurrencies. Recognising that fintech and regtech need to be embraced if Malta’s business eco-system is to keep thriving in the future, the government has been pro-active in engaging with some of the largest global players in the field. Upon all these information, it is evident that Malta is a great place to invest in, and it is a smart idea to be an investor of this business-friendly island state.

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