Citizenship By Investment: Malta
A popular sunny travel destination packed with fascinating history and stunning coastlines, the European island of Malta is situated in the Mediterranean Sea. Despite its small size, it offers something for everyone with its rustic architecture, pretty beaches and friendly, laid back culture. Nestled amongst its rolling hills and rugged coves are stylish harbour towns and historic cathedrals. The island comes alive in the summer, with colourful festivals and carnivals aplenty.
Malta is an example of only a few European countries to offer a CBI programme that’s both efficiently speedy and highly respected. Referred to as the Malta IIP (Malta Individual Investor Programme), the scheme was the first one in Europe to be recognised by the European Commission. The Malta IIP was created for very high net worth individuals looking to gain full citizenship rights in an EU country.
Enjoy the benefits
Individuals gaining citizenship of Malta through investment can enjoy a number of benefits, including:
- Lower tax commitment, with no inheritance or gift tax, and no net worth tax. Additionally, Malta citizens who don’t actually live there are only taxed by remittance.
- The option to travel to and live in a broad range of 28 EU member states (plus Switzerland) for the applicant as well as their family.
- Visa-free travel to over 166 countries and territories, including Canada, the USA, the whole of the EU and the Schengen Area.
Why choose to invest in Malta?
Malta offers some attractive and unique investment opportunities specifically, including:
- A good choice of 3 different investment options.
- Life in a neutral, stable country that belongs to the Commonwealth of Nations. Indeed, Malta’s political system is very similar to the British parliamentary system.
- Citizenship for life, with the ability to work and live in the country.
- The opportunity to enjoy dual citizenship.
- The chance to reside in a beautiful, popular holiday destination.
Who can apply?
The main applicant for the Citizenship by Investment Programme in Malta mustbe at least 18 years of age andbe in good general health (including passing the ‘fit and proper test’). They must also not have a criminal record. Malta operates a strict due diligence policy ensure that only the best quality applicants are granted citizenship. Spouses, children under 18, dependent parents and unmarried children between the ages of 18 and 26 can also be included in the application.
The Process: Quick Summary
Malta’s application process requires diligent preparation and is very rigorous to make sure they find out everything about an applicant they need to know. This means that the time it takes for an application to be processed can be difficult to estimate. However, it usually depends on how easily an applicant can submit the necessary documentation, as well as how complex the application is as a whole. As a rough guide it generally takes around 1 year but the good news is the team at Citizenship by Investment are on hand to help you achieve quick success.
To give an idea of the process involved, here are the necessary steps:
Step 1: Speak to us at CBI to ask any questions and begin the application process. We can check the finished application and pre-approve it to make sure everything’s in order.
Step 2: Citizenship file is submitted.
Step 3: Maltese Government processes the application and carries out due diligence checks.
Step 4: Application is approved in principle.
Step 5: Donation to the National Development and Social Fund is made.
Step 6: Within 4 months of approval, investment is made into both real estate and financial instruments.
Step 7: Residence is offered.
Step 8: Citizenship certificate is issued, meaning a Maltese passport can be applied for and issued.
Options for Investment in Malta
There are 3ways in which an investment can be made under the Malta Citizenship by Investment Programme:
- By making a donation to the National Development and Social Fund
- By making an investment in Real Estate
- Investment in Government-Approved Financial Instruments
Option 1:The National Development and Social Fund
Applicants must contribute at least €650,000, plus a €25,000 contribution for any spouse and younger children. Additionally, a €50,000 contribution must be made for any dependent children aged 18 to 26 as well as any dependent parents over 55.
Option 2: Real Estate
Applicants must also make a commitment to having a residence in Malta and retaining that ownership for at least 5 years. This can be achieved either by purchasing a property (with a value of at least €350,000) or by leasing a property, with annual rent exceeding €16,000.
Option 3: Government-Approved Financial Instruments
Finally, applicants must invest €150,000 in Government-approved financial instruments, for example bonds and stocks, which must be kept for at least 5 years.
Due diligence fees
Every applicant, including their husbands, wives and dependants, have to submit due diligence fees. These are:
- €7,500 for the main applicant
- €5,000 for the main applicant’s husband or wife
- €5,000 for each dependant aged between 18 and 25 years
- €5,000 for each dependant aged over 55
- €3,000 for each dependant aged between 13 and 18 years
Why the team at Citizenship by Investment is the professional choice
Here at CBI we understand the significance of citizenship by investment for you and your family. We are experts in our field and can assist with every part of the citizenship by investment process to find the perfect bespoke solution for you. Our highly professional, personalised service means we will guide you every step of the way and we get it right first time, every time. Whether you’re a new investor or you have years of experience behind you, we are here to help.
We care about making sure your application for second citizenship goes as smoothly as possible. When you’re ready, simply get in touch with our team using our contact form and we’ll get you started today.