Malta Citizenship By Investment
The Republic of Malta is a southern European nation consisting of a 21-island archipelago. It is situated in the Mediterranean Sea, less than 100 km south of Sicily, and about 300 km north of Libya. Malta covers a small 316 km2, but with a total population of over 400,000, it is one of the world’s most densely populated countries. The country has two official languages: Maltese and English.
Malta is a strategic naval base, and was coveted throughout history – having been ruled by the Ancient Romans, the Normans, and many others. Malta became part of the British Empire in the early nineteenth century, and finally gained independence in 1964, whilst remaining a constitutional monarchy under Queen Elizabeth II. It became a republic in 1974, but it continues to hold membership in the Commonwealth of Nations. Malta is also a member of the European Union and of the Eurozone, a party to the Schengen Agreement, and a member of the United Nations.
Malta presents a strong economy, which was largely unaffected by the recession, a high standard of living, and a safe environment. Its parliamentary system was fashioned after that of the United Kingdom. Government is run by both the Prime Minister and the President.
The Malta Individual Investor Programme
Malta is one of a handful of European countries offering a citizenship by investment programme that is both highly respected and expedient. Known as the Malta Individual Investor Programme (Malta IIP), the Programme is the first European citizenship by investment scheme to be recognized by the European Commission.
The Malta IIP was designed for ultra-high net-worth individuals wishing to obtain full rights of citizenship in an EU country. Applicants must be at least 18 years old, be in good health, and pass the ‘fit and proper test’ showing no criminal record. Malta conducts thorough due diligence to ensure that only stellar applicants are granted naturalisation.
Spouses, children below the age of 18, unmarried children between the ages of 18 and 26, and dependent parents may also be included in the application.
The IIP requires applicants to make a contribution to the National Development and Social Fund, an investment in Government-approved financial instruments to be held for at least five years, and a property purchase or rental to be maintained for five years. Finally, applicants and their families must hold a residence status in Malta for a period of twelve months immediately preceding the day their certificate of naturalisation is issued.
The Malta IIP came into being with the Maltese Citizenship Act amendments of 2013 and the Individual Investor Programme of the Republic of Malta Regulations, 2014. It received approval by the European Union, and grants rights of establishment in every EU member state.
As a citizen of Malta you can take advantage of a range of personal benefits which include:
The benefits of the Malta IIP include:
Successful applicants can benefit from visa-free travel to more than 166 countries and territories, listed below. Please note however that visa-free travel to the listed countries is subject to change. We strongly recommend contacting the relevant Government authorities and agencies before travelling.
The process of applying for citizenship is rigorous and requires diligent preparation in order to gather all the information needed. Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole. We generally advise clients that it will take 1 year to obtain citizenship of Malta from the time an application is submitted to the Government.
The process may be simplified into the following steps:
Step 1: Application preparation and pre-approval by CS Global Partners.
Step 2: Citizenship file submission.
Step 3: Maltese Government processing of the application and due diligence checks.
Step 4: Approval in principle.
Step 5: Contribution to the National Development and Social Fund.
Step 6: Within 4 months of approval, investment in both real estate and financial instruments.
Step 7: Completion of residence requirement.
Step 8: Citizenship certificate issued; passport application and issuance.
How we can help
At CS Global Partners we understand that applying for an alternative citizenship can be a complex and daunting process. This is why we make the application process as easy for our clients as possible.
We offer the following standard services:
- A dedicated relationship manager as your single point of contact throughout your application.
- Professional guidance on the application procedure and support throughout the process.
- Documentation preparation and validation.
- Representation on your behalf before the Government.
- Management and resolution of any legal queries related to the application.
- Additional services available on request for clients wishing to utilise our partner network to support their application, including the following:
- Concierge services
- Property investment and advice
- Notary Public services
- Relocation assistance
- Translation services
- Tax planning
- Medical services
- Trust planning
- Banking services
- Fiduciary services
Under the Malta IIP, investors must make all three of the following investments:
1. The National Development and Social Fund, AND
Applicants must make a minimum contribution of €650,000, plus a €25,000 contribution for any spouse and minor children, and a €50,000 contribution for any dependent children aged between 18 and 26 and any dependent parents above 55 years of age.
2. Real Estate, AND
Applicants must also commit to retaining a residence in Malta for a period of at least five years, either through the purchase of a property, for which the minimum value must exceed €350,000, or through the leasing of a property, for which the minimum annual rent must exceed €16,000.
3. Government-Approved Financial Instruments
Finally, applicants must make an investment of €150,000 in Government-approved financial instruments, such as bonds or stocks, which must be maintained for a minimum period of 5 years.
Every applicant, including spouses and dependants, must pay due diligence fees. These fees may be broken down as follows:
- €7,500 for the main applicant
- €5,000 for a spouse
- €5,000 for each dependant aged 18 – 25 years and aged 55 years and over
- €3,000 for each dependant aged 13 – 18 years