The Mediterranean island nation of Malta is a full European Union (EU) member state since May 1, 2004 and a part of the 26-nation Schengen zone. Its capital is Valletta and the official language is Maltese. It is one of the European countries offering a citizenship by investment programme that is both highly respected and expedient.
MALTA INDIVIDUAL INVESTOR PROGRAMME (MIIP)
The Malta Citizenship Investment Scheme known as the Malta Individual Investor Programme (MIIP) is the first European citizenship by investment programme to be recognized by the European Commission. Aimed at ultra high net worth individuals, it is one of the most exclusive citizenship-by-investment portfolios worldwide and offers clients the opportunity to obtain citizenship in a country with one of the strongest, most stable economies of the EU and Eurozone.
- INVESTMENT OPTIONS
The MIIP requires applicants to make a contribution to the National Development and Social Fund, an investment in Government-approved financial instruments that needs to be held for a minimum of five years, and a property purchase or rental that needs to be maintained for at least five years.
- The National Development and Social Fund
Applicants need to make a minimum contribution of €650,000, in addition 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.
- Real Estate
Applicants must also retain a residence in Malta for a minimum period of five years, either through the purchase of a property, for which the minimum value must be over €350,000, or through the leasing of a property, for which the minimum annual rent is required to exceed €16,000.
- Government-Approved Financial Instruments
Applicants need to make an investment of €150,000 in Government-approved financial instruments, for instance bonds or stocks, which must be maintained for a period of at least 5 years.
- ELIGIBILITY REQUIREMENTS
The application process of MIIP is extremely efficient, and the government of Malta is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. To be considered eligible for the Malta citizenship scheme, the main applicant must..
- be at least 18 years of age
- have a clean criminal record
- possess a good health. All applicants must also be covered by an international health insurance policy.
WHY BECOME A CITIZEN OF MALTA?
- Citizenship for life, with the right to live and work in the country
- Fast processing as the time frame of processing majority of applications is within 14-16 months
- Visa-free travel to over 183 countries and territories, including the Schengen Area (EU) and the United Kingdom
- Dual citizenship is permitted, no need to denounce the original nationality
- A reliable and efficient application procedure