Malta Citizenship By Investment
The Republic of Malta is a historic southern European nation located in the Mediterranean Sea. For what Malta lacks in size, it more than makes up with culture, heritage and beauty. Nestled among its rugged coves and rolling hills are chic harbour towns, ancient temples and historic cathedrals. The island comes to life in the summertime, with a calendar crammed with carnivals and festivals hosted all around its scenic coastline.
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 programme 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.
As a citizen of Malta you can take advantage of a range of personal benefits which include:
Antigua & Barbuda
Federal Republic of Germany
Republic of Korea [South]
St Kitts and Nevis
St Vincent and the Grenadines
Trinidad and Tobago
United Arab Emirates
United States (see notes below)
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 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.
The Malta 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.
1. The National Development and Social Fund
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
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