Malta, a stunning archipelago in the Mediterranean, has gained significant attention in recent years for its Citizenship by Investment Programme. This enticing opportunity allows individuals and families to acquire Maltese citizenship through financial contributions. But what does this entail?
A Mediterranean Treasure
Nestled in the heart of the Mediterranean Sea, Malta is a small yet captivating archipelago. With its rich history, stunning landscapes, and vibrant culture, it stands as a unique gem waiting to be discovered.
The historical significance of Malta is profound. The islands boast a remarkable array of historical sites. From the ancient temples of Ħaġar Qim to the majestic St. John’s Co-Cathedral, each location tells a story that dates back thousands of years. The influence of various civilizations, including the Phoenicians, Romans, and Knights of St. John, has shaped Malta’s cultural tapestry.
The natural beauty of Malta is breathtaking. Crystal-clear waters and picturesque coastlines attract visitors year-round. Beaches like Golden Bay and Mellieħa Bay offer sun-soaked relaxation. Meanwhile, the Azure Window, though it collapsed in 2017, remains a symbol of the island’s stunning geological formations.
Malta’s cuisine is a delightful fusion of flavours. Traditional dishes, such as pastizzi and rabbit stew, reflect the island’s diverse influences. Dining at local restaurants allow visitors to savour the essence of Maltese culture.
However, it’s not just history and beauty that define Malta. The islands are also known for their lively festivals and events. Carnival, celebrated with vibrant parades, and the Feast of St. Paul’s Shipwreck, are just a few examples of the rich traditions that bring the community together.
The Malta Citizenship by Investment Programme
The Malta Citizenship by Investment Programme offers a unique blend of security, lifestyle, and enhanced global mobility.
Investors can enjoy the benefits of living in one of the EU’s most scenic countries. The Maltese government requires a minimum investment, often through real estate purchases, donations to the National Development and Social Fund, and government bonds. This multi-faceted approach not only boosts the economy but also enhances the quality of life for new citizens.
The advantages of holding a Maltese passport are substantial. With it, one can travel visa-free to numerous countries, including Schengen Area nations. This opens up a world of possibilities, whether for business or leisure. The robust healthcare system and high standard of education further elevate Malta’s appeal.
However, navigating the application process can be complex. It involves thorough due diligence, ensuring that applicants meet specific criteria. Engaging with a licensed agent is often advisable, as they can provide invaluable guidance throughout the journey.
How the Process Works
Under the Regulations, applicants may obtain citizenship of Malta upon the completion of a three-stage process, consisting of:
1: The Residency Stage
2: The Eligibility Stage
3: The Citizenship Stage
The minimum investment amount for Malta Citizenship by Investment is €690,000 and the processing time takes at least 12 months. There is also a cap for this very exclusive Programme at 400 main applicants per annum.
The main applicant must fulfil all the following requirements:
- Make an exceptional direct investment. Note that the amount due for the exceptional direct investment varies according to whether the applicant has resided in Malta for (a) 36 months or (b) between 12 and 36 months.
- Make a real estate investment (either a purchase or rental) to be held for a minimum of five years. Note that the real estate chosen must be fit for the main applicant and dependants to live in.
- Make a donation and pay administrative fees.
- An undertaking to complete the above, and evidence of completion of the residence of requirement, must be provided.
- Approximately five working days from the provision of the relevant undertaking/evidence of completion of residence, an invitation to travel to Malta to take the Oath of Allegiance is issued to the main applicant and any dependants ages 18 or over.
- The Oath of Allegiance must be taken in Malta within six months of the letter of approval, and the applicants will not be allowed to take the Oath unless:all requirements are fulfilled, and fees paid; and the applicant undertakes in writing to observe and fulfil all obligations for a period of five years from e-issuance of the Certificate of Naturalisation.
- The Certificate of Naturalisation is issued.
- The Community Malta Agency conducts continuous monitoring of the main applicant/dependants for five years, and the main applicant/dependants must complete and file a Compliance Form at the Community Malta Agency every year for the first five years from the date of the Oath of Allegiance.
Malta Citizenship by Investment FAQs
