Learn More About Malta Citizenship By Investment Program

In 2014 Malta introduced its Individual Investor Program (IIP) a program that targets the wealthy and offers residency to investors globally.

The country has been a member of the European Union since 2004, enjoys a stable political climate, bi-partisan political scene, growing economy, and has some of the soundest banks in the World.

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The Malta citizenship program of its kind to be recognized by the European Commission, and the executive body of the European Union has formally acknowledged the legality of the program paving the way for its success.

The Malta citizenship by investment application process is extremely efficient, and the government is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. Once nationality has been granted, the applicant then becomes eligible for a second passport.

Malta is a country that is currently offering citizenship by Investment.

This program is becoming increasingly popular and the wealthy are taking advantage of it. The program offers a great number of benefits for investors who are keen on going this route.

Did You Know This About Maltese Immigration?

In fact, it was once one of the countries offering the cheapest immigration investment program.  Initially, the Prime Minister at the time, Seph Muscat had estimated that about 45 people would apply in the first year, resulting in 30m euros (£24m; $41m) in revenues.

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Malta Citizenship By Investment Processing Time

The processing time is relatively fast with a turnaround time of 3-4 months and you will be issued a passport after 12 months.

Investor Immigration Costs

However there are specific requirements that must be met  and there are as follows: EUR 650,000 donation to National Development and Social Fund (NDSF) and a purchase of Real Estate worth EUR 350,000 which you must hold for at least 5 years in Malta (or) Rent a property by paying at least EUR 16,000/year rent for 5 years and opt to buy EUR 150,000 worth of Government bonds.

#2: Your Family Can Gain Citizenship At A Lower Rate

The good news is that every person of your family seeking nationality does not have to pay this high amount.

Once you have been accepted as a citizen, your relatives can immigrate to Malta for a much lower cost.

Your spouse and minor children can become citizens (provided they meet the requirements) for just 25,000 Euros, while unmarried children between the ages of 18 and 26, physically or mentally challenged adult children, and dependent parents and grandparents may be granted a passport for 50,000 Euros.

#3: You Have Other Investment Options

If you choose not to use the path to fast-track residency, you can also invest in the country for five years prior to your application.

This five-year period must be completed within four months of receiving your Malta IIP Letter of Approval in Principle.

The first way you can accomplish this is by investing 150,000 Euros in government bonds, and holding them for five years.

The second way is through renting or purchasing real estate within the country and holding it for five years. For a purchase, the property must be 350,000 Euros or more.

For rental, you must pay a minimum of 16,000 Euros per year during the five-year period.

#5: You Have 25 Days To Invest After Approval By Principle

Once you have received your Malta IIP Approval by Principle document, you will have 25 days to pay the amount into the National Development and Social Fund in full.

Your legal right to become a citizen will be granted within 8 months of your original application.

This is only valid if you meet each of the requirements and take an Oath of Allegiance to the country.

Then, your Malta passport will be issued, as well as your Certificate of Naturalisation.

#6: Only Part Of The Money Is Due With The Application

You have almost five months after the initial application is turned in to make your contribution to the National Development and Social Fund of Malta.

When you do turn in the application, however, there are small Due Diligence fees to pay.

This is 7,500 Euros for the principal applicant, 5,000 Euros for your spouse, 3,000 Euros for children between 13 and 17 years of age and 5,000 Euros for adult dependants.

Children under the age of 12 do not have to pay this fee.

There is also a 500 Euro passport fee for every applicant, as well as 200 Euros for bank charges.

#7: You Are Not Restricted To Malta

Your Malta passport will open a world of opportunity for global travel.

It also allows you the chance to travel visa-free between other countries of the European Union.

You can also live or work in them. These countries include Switzerland, Sweden, the United Kingdom, Belgium, Bulgaria, Netherlands, Latvia, Hungary, Ireland, Germany, Finland, Italy, Luxembourg, Portugal, Poland, Slovenia, Czech Republic, Estonia, Croatia, Spain, Romania, Lithuania, Greece, France, Austria, and Denmark.

#9: There Is No Language Requirement

Another great thing about residency is that there is no requirement to know the Maltese language.

Not only do you not have to know the Maltese language, you do not even have to be fluent in English to apply for this program.

There are translators available that will help you through the process.

When you choose Maltese citizenship, whether for a dual citizenship or because you plan to immigrate, you are making a decision for your future.

You will enjoy all of the benefits of dual passports, while the future generations of your family will thank you.

Hopefully, this article has taught you everything you could possibly want to know about residency and their immigration investment program.

Read more about different options for citizenship by investment, such as St Kitts and Nevis citizenship by investment.

The Malta citizenship for sale program is the first European Union approved program of it’s kind.

The country has a stable political climate and has overcome the financial crisis well and shared the knowledge with German as the only two countries with a steady economic growth in the great Euro Zone.

Read also all about the Malta Citizenship By Investment Programme.

Banks in Malta are top 5 soundest banks globally.

Malta joined the EU in 2004 and has been part of Schengen since 2007.

Foreign nationals who have the right to become citizens through the program have the rights to life-time citizenship and can be passed on by descent.

Citizenship of Malta can access all investment opportunities in the country and through the EU.

As of June 2015, the Maltese investor program was over 620 out of 1800 applicants.

Read More: What You Need To Know About Citizenship By Investment

Legal Basis For Malta Citizenship For Sale Program

The Malta citizenship for sale program may be issued under an amendment to the Maltese Citizenship Act, Chapter 188 of the Laws of Malta.

The Malta Individual Investor Programme rules provide the framework for personals of good moral values to be granted citizenship through naturalization and investment in the country’s economy.

Good Health

All applicants must be in good health.

They must show that they do not have any communicable disease that could cause an outbreak in Malta.

Property Purchase

The Maltese government requires applicants to make an investment of €350,000 or enter a property rental contract for a minimum of €16,000.

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