Malta Individual Investor Program (IIP) | Malta Citizenship by Investment Program
In March 2014 the Maltese government introduced a Malta citizenship by investment program which has attracted much interest. The program provides the possibility of acquisition of Maltese citizenship by naturalisation. Malta is a full member of the European Union, providing successful applicants with access to all benefits available within the EU. The Maltese government set up this program to grant naturalisation by investment to those applicants who wish to make an investment in Malta’s economy.
Once an application for obtaining Maltese citizenship is approved, the main applicant and his dependants would be able to benefit from Malta’s advantageous tax planning incentives; having an EU passport; a stable political system; a prosperous economy; Visa-free travel in more than 160 countries. A naturalised citizen is also able to vote during elections in Malta.
The process is divided into three distinct phases:
PHASE 1 – THE APPLICATION
An applicant is required to hold a property under title of ownership or lease in Malta or Gozo, satisfying the following minimum values.
Property Investment Value
Option 1: Purchase of immovable property € 350,000
Option 2: Lease of immovable property €16,000 per annum
The initial stage involves the collection of documents related to the applicants and their source of wealth, besides the completion of the relevant application forms. The following fees apply at this stage.
Passport fee € 500
Bank Charges € 200
Due Diligence Fees
– Main Applicant € 7,500
– Spouse € 5,000
– Children under 18 € 3,000
– Unmarried children between 18 and 26 € 5,000
– Dependent parents and grandparents over 55 € 5,000
PHASE 2 – DUE DILIGENCE
The second stage involves a rigorous due diligence process conducted by Identity Malta, the government agency charged with the administration of the IIP.
PHASE 3 – THE INVESTMENTS
The applicant would also need to make the following minimum investments:
Applicant Contribution to national development and social fund
Main Applicant € 650,000
Spouse € 25,000
Children under 18 € 25,000
Unmarried children between 18 and 26 € 50,000
Dependent parents and grandparents over 55 € 50,000
Other obligations and fees Value
Portfolio Investment which must be held for a minimum of five (5) years € 150,000
Applicants must also satisfy a 12 month residence requirement in Malta prior to naturalisation.
An application for naturalisation as a citizen of Malta under the Individual Investor Programme must be submitted by an Accredited Person. GVZH Advocates is accredited by Identity Malta (Identity licence number 039), and may assist you with your application.
For further information about how GVZH Advocates can help you with your citizenship and/or residency requirements, kindly contact us on email@example.com.