WHY MALTA?
Malta, which is in the middle of the Mediterranean Sea bordered by Libya to the north and Italy to the south, has a great reputation for its wonderful climate, hospitable residents, low crime rate, and outstanding standard of living. Malta is a desirable location to reside or own a second home, and it has great air connections.
The Maltese Exceptional Investment Naturalization (MEIN) has just been established by the Maltese Government. This allows for the granting of Maltese citizenship following a period of residency. As the world's most successful citizenship-by-Investment, successful families enjoy being a citizen of a stable and safe European country with a strong economy and visa-free travel to 184 countries.
A person having Maltese citizenship has the option to live, work, or study within the European Union. They also have access to international mobility and unwavering family security.
Key Benefits Of Obtaining A Malta Citizenship By Investment Passport
- By becoming Maltese Citizens, applicants receive a wealth of intangible benefits
- Malta is a European well-respected and neutral country, also a member of the Commonwealth
- The Malta Citizenship-by-Investment is a very exclusive Opportunity
- Citizenship is for life, may be passed onto future generations, and affords the right to work and live in Malta
- Malta has one of the fastest growing economies in the EU and is a favorable place for business
- A desirable location with great air connections where one might want to reside or own a second home.
- Ability to establish a business in Malta.
- Extremely little income tax, no capital gains tax, and no inheritance tax.
- Excellent position in the heart of the Mediterranean.
- Acknowledges dual citizenship.
- Swiftly issued residency cards with 18 months of Schengen travel.
- Access to more than 160 nations without a visa, including the USA, Canada, and the EU.
REQUIREMENTS / INVESTMENT OPTIONS FOR MALTA
The main applicant must be at least 18 years old, possess exceptional moral character, be free of past criminal charges, be in good physical and mental health, and successfully pass strict government background investigations. The following requirements must be met:
RESIDENCE
The main applicants and all adult dependents must have demonstrated ties to Malta throughout the residence time prior to becoming naturalized. Exceptionally, at least one year of residency may have been required.
INVESTMENT OPTIONS
Citizenship is awarded to deserving individuals and families who have maintained resident status in Malta for the twelve months immediately preceding the day the certificate of naturalization is issued, who meet the requirements of a strict due diligence regime, have contributed to Malta’s economic development, and have provided documentation attesting to their ownership of residential property there. Consequently, the following steps are necessary:
Donation/Financial Contribution
Following the issuance of a Malta IIP Letter of Approval in Principle, the following minimal contributions must be provided within four months:
- EUR 650,000 by Primary Applicant (contribution to National Development and Social Fund).
- EUR 25,000 for the spouse.
- Each minor kid costs EUR 25,000.
- Offspring aged 18 to 26 who are single: EUR 50,000 each.
- Grandparents and dependent parents: EUR 50,000 each.
- Children who are adults and have a physical or mental disability: EUR 50,000 each
Real Estate.
The candidate must agree to maintain a residence in Malta for at least five years by choosing one of the two possibilities listed below:
- Spending at least EUR 350,000 on a home in Malta and keeping it as yours for at least 5 years.
Rental
- Renting a home for five years or longer with a minimal yearly payment of 16,000 euros
After obtaining a citizenship Malta Letter of Approval in Principle, applicants have four months to show proof that they own or are renting a property on the islands.
Investor citizenship applicants receive an eResidence card, a Malta identity document, upon making a real estate purchase or signing a lease on a piece of land in Malta.
Investment in Bond
An applicant and their family may decide to purchase Maltese government bonds after being granted admission. According to the size of the household, the bond amount will change as follows:
- Candidates must spend at least EUR 150,000 in securities that have received government approval (bonds, stocks, and debentures that benefit the nation)
- Must agree to retain the investment for a minimum of five years.
Health Insurance
All candidates must maintain comprehensive health insurance throughout their residency.
Two cost possibilities are summarized in the table below:
| MALTA | Single Applicant 1yr Residency | Single Applicant 3yrs Residency |
|---|---|---|
|
Residence Permit |
5,000 |
5,000 |
|
Contribution to NDSF |
750,000 |
600,000 |
|
Leased Property |
96,000 |
128,000 |
|
Charity Donation |
10,000 |
10,000 |
|
Gov Due Diligence Fees |
15,000 |
15,000 |
|
Gov Admin Fees |
1,500 |
1,500 |
Sub – Total
|
USD 677,500
|
USD 759,500
|
Please note, additional charges may apply.
The number of dependents will affect the investment, administrative expenses, and government due diligence for a family application.
Eligibility Requirements
You must fulfill the following conditions for Malta Citizenship:
- Candidates must be at least 18 years old.
- Candidates must be free of contagious illnesses or other conditions that could place a significant financial strain on the Maltese healthcare system.
- Purchase a home worth at least €350,000, or Sign two five-year leasing agreements for properties with a minimum value of €16,000 per year.
- To be eligible for Maltese citizenship by investment, the main applicant must spend a minimum of €650,000 in Malta.
Application Process
Initial Due Diligence and Pre-Approval
Primary applicant must complete our due diligence form and send it back along with scanned copies of your passports for all family members who will be included in the application.
Client Agreement (CA) and Residence Application
We will send the CA and request the initial retainer to complete the client on-boarding. A dedicated Relationship Manager will work with you on the residence application. Unless you have global heath insurance that qualifies, we will obtain quotes locally for your coverage and the price will vary depending on age and overall health status.
Once the residency process is near completion, we will submit a request to the Community Malta Agency (CMA), the Government agency overseeing the MEIN. It typically takes up to 30 business days for the agency to give us an appointment for your visit to Malta in order to capture the biometrics of all adult applicants, which is a requirement for the Malta Residence Cards.
Secure a Residence in Malta
The applicant will need to lease a property for a minimum of 36 months or purchase a property in order to fulfill the residence stage of the application as this will help demonstrate genuine ties to the country. Most clients choose to lease a property at this stage and we are able to fully manage your property to ensure a hassle free experience. Property conveyance and management fees apply, whether property is secured through our Real Estate network, or independently. Our property management is not mandatory.
We will request to receive the initial residence government fees and EUR 10,000 government contribution as part of your residency application. An advance payment of EUR 10,000 will also be required if we secure your residency lease or alternatively paid directly to the landlord.
Residency Appointment with Community Malta Agency
We will help coordinate your first visit to Malta and take you to your appointment with CMA, typically
15 to 22 business days after your CMA visit the residence cards will be issued. We will
advise on the days to be spent in Malta during the residency stage. Clients may take the opportunity to familiarize themselves with the Maltese islands.
Citizenship Application
Shortly after your appointment with CMA, we recommend you visit our office to work on the actual citizenship application directly with your dedicated Relationship Manager (RM), unless
you are working on this process with your agent or representative in your country. The citizenship application is a two-pronged process. Your RM will also be able to set up an appointment with a local notary to have the required supporting documentation certified in Malta instead of in your home
country, for your convenience. Moreover, the RM will coordinate the necessary appointments in relation to your application, such as with a local doctor to facilitate the required medical forms.
Approval in Principle
Upon receiving the Approval in Principle from CMA you will first need to pay the balance of the contribution owing to the National Development and Social Fund within 45 days. Then you must fulfill the remaining obligations, namely proof of property, and charity donation.
Oath of Allegiance and Passport Application
With all of the prerequisites fulfilled the government will issue an invitation letter for you to visit Malta and swear the Oath of Allegiance. Please note every family member 18 years of age and older must take the oath. We will help to organize your visit to ensure a smooth process.
Shortly after a Certificate of Naturalization will be issued and we will proceed with the passport application. Upon submission of the passport application we expect you will be able to pick up your Maltese passports within one to two weeks. Please note. that every family member 6 years of age and older will need to be present for the biometrics of their passport.
