MALTESE CITIZENSHIP BY INVESTMENT
INFO LINE MALTESE CITINZESHIP BY INVESTMENT:+85259351189
Related articles
Maltese citizenship. Malta is an island country in the Mediterranean Sea, lying 80 km south of Sicily, 284 km east of Tunisia, and 333 km north of Libya. The country covers just over 316 sq.km, being one of the world’s smallest countries and the smallest EU Member State. Malta has two official languages: Maltese and English, and has over the years attracted a lot of foreign high net worth individuals to become resident in Malta and even benefit from fiscal benefits.
Article from the international Law Firm Bertaggia.
As already mentioned above, Malta is an EU Member State and this ensures Visa free travel to more than 160 different countries, including free movement in the Schengen area. A Maltese citizen has a right to work and establish himself in any one of the 28 EU Member States.
In 2014, the Maltese Government opened up the possibility for foreigners to acquire Maltese citizenship by investment, and therefore start enjoying the same rights as an other EU citizen as mentioned above.
Why would one consider acquiring Maltese citizenship? Many citizens would like to have increased mobility, be a citizen of a country where there are no wars or crime, or else would not like to be dependant on one passport. Moreover, there is the possibility to cover family members with the same application.
What is required to acquire Maltese citizenship?
An applicant must be at least 18 years of age, prove that he has been a resident of Malta for a period of 12 months prior to the issue of the passport, and also make the following investments:
(a) Make a contribution to the National Development and Social Fund (please see below) (b) Invest in stocks, bonds or SPVs to be identified by the Maltese Government, for a minimum value of EUR 150,000, to be held for at least 5 years
(c) Invest in real estate in Malta for a value of at least EUR 350,000, to be held for at least 5 years.
Instead of investing in real estate as per above, one can instead rent a residence in Malta for a period of at least 5 years, paying at least EUR 16,000 annual rent.
An applicant can include the following in the application for Maltese citizenship:
(a) Spouse – in a monogamous marriage or another relationship having the same or similar status to marriage.
(b) Dependants of 18 years of age and under.
(c) Dependants between the age of 18 and 26 years of age, who are not married and who are wholly supported by the main applicant and form part of the same household.
(d) Dependants over the age of 55 years (e.g. parents), who are wholly supported by and who form part of the household of the main applicant.
Evidence that the main applicant and his/her family members are covered by a global health insurance policy is required at the time of the submission of the application. The insurance cover must be at least €50,000 per person, per annum.
A rigorous due diligence procedure is undertaken and a number of documents would need to be submitted, such as police conduct certificates, medical certificates confirming good health and absence of contagious diseases.
Maltese Citizenship by investment Programme:
Contribution to National Development and Social Fund
Principal applicant – EUR 650,000, of which EUR 10,000 is a non-refundable application fee.
Spouse or dependant aged 0-17 – EUR 25,000
Dependant aged 18-26 or 55 and above – EUR 50,000
Due Diligence Fees
Principal applicant – EUR 7,500
Spouse – EUR 5,000
Dependant aged 3-17 – EUR3,000
Dependant aged 18-26 or 55 and above – EUR5,000
Passport Fees
EUR 500 per passport issued
Bank charges EUR 200 per application
Property Investment Obligation
Either: purchase property valued at least EUR 350,000
Or; rent property for at least EUR16,000 rent per annum.
Under both scenarios, one cannot sub-let and the property must be held for at least 5 years.
Portfolio Investment Obligation
Make an investment in bonds, shares or special purpose vehicles for a value of at least EUR150,000, and must be held for at least 5 years.
Timeframe of process
At least six months and a maximum of two years. A period of residency in Malta for at least a year is required, with time resident before the start of the application process taken into account. Once Maltese citizenship is granted it is permanent.
Maltese Citizenship by Investment: Updated Information
Malta offers the opportunity for individuals to acquire citizenship through investment, granting them the same rights as any other EU citizen. This option appeals to those seeking increased mobility, a safe country with no wars or high crime rates, and the desire to hold multiple passports. Additionally, the program allows for the inclusion of family members in the application.
Requirements for Acquiring Maltese Citizenship:
Age: The applicant must be at least 18 years old.
Residency: The applicant must have been a resident of Malta for 12 months prior to passport issuance.
Investments:
a. Contribution: A contribution to the National Development and Social Fund is required. The specific amount varies for each applicant.
b. Financial Investments: The applicant must invest a minimum value of EUR 150,000 in stocks, bonds, or SPVs (Special Purpose Vehicles) identified by the Maltese Government. The investment must be held for at least 5 years.
c. Real Estate Investment: Alternatively, the applicant can invest in real estate in Malta with a minimum value of EUR 350,000, to be held for at least 5 years. Instead of purchasing property, renting a residence for at least 5 years with an annual rent of at least EUR 16,000 is also acceptable.
Family Inclusion: The application can include the spouse, dependents under 18 years of age, dependents between 18 and 26 years who are unmarried and fully supported by the main applicant, and dependents over the age of 55 (e.g., parents) who are wholly supported by and reside with the main applicant.
Health Insurance: Applicants and their family members must provide evidence of being covered by a global health insurance policy with a minimum coverage of €50,000 per person, per annum.
Due Diligence: A thorough due diligence procedure is conducted, and various documents, including police conduct certificates and medical certificates indicating good health and the absence of contagious diseases, must be submitted.
Costs and Fees:
Contribution to National Development and Social Fund:
Principal applicant: EUR 650,000 (including a EUR 10,000 non-refundable application fee)
Spouse or dependent aged 0-17: EUR 25,000
Dependent aged 18-26 or 55 and above: EUR 50,000
Due Diligence Fees:
Principal applicant: EUR 7,500
Spouse: EUR 5,000
Dependent aged 3-17: EUR 3,000
Dependent aged 18-26 or 55 and above: EUR 5,000
Passport Fees: EUR 500 per issued passport
Bank Charges: EUR 200 per application
Investment Obligations:
Property: Either purchase property valued at least EUR 350,000 or rent a property for a minimum annual rent of EUR 16,000. In both cases, the property must be held for at least 5 years, and sub-letting is not allowed.
Portfolio: Make an investment of at least EUR 150,000 in bonds, shares, or special purpose vehicles, which must be held for at least 5 years.
Timeframe:
The process takes a minimum of six months and a maximum of two years. The applicant must have resided in Malta for at least one year before the application process begins. Once Maltese citizenship is granted, it is permanent.
Additionally, there is a separate program for obtaining a permanent residence visa in Italy.
For further details and a tailored quotation of professional services, interested individuals can contact the provided email address
There is also a program for obtaining a permanent residence visa in Italy.
A quotation for our professional services tailored according to the client’s requirements shall be provided upon request. Contact us by mail info@avvocatobertaggia.com for further details or call +85259351189
