Ygunu.com
  • Home
  • study abroad
    • application conditions
    • study abroad majors
      • National advantage
      • education system
      • Professional information
      • Popular majors
      • school application
    • Study Abroad Strategy
      • high school study abroad
      • university study abroad
      • postgraduate study abroad
      • Art Study Abroad
    • Study abroad documents
      • resume
      • personal statement
      • MBA Essay
      • Study Abroad Application
      • Recommendation letter
      • motivation letter
      • Application materials
      • set of magnetic letter
    • Study abroad life
      • Preparation before departure
      • basic necessities of life
      • Working overseas
      • Study abroad diary
      • entry and exit
      • study abroad loan
    • Study Abroad News
  • study abroad cost
  • scholarships
  • study abroad tips
  • Immigration
    • immigrant life
    • Immigration experience
    • Immigration Guide
    • immigration news
    • Immigration requirements
    • Types of immigration
    • investment immigration
    • Technical Immigrant
    • International moving
  • immigration policy
  • Immigration fees
  • Visa
    • visa to go abroad
    • Passport processing
    • Visa application process
    • visa guides
  • Summer Study Abroad
No Result
View All Result
  • Home
  • study abroad
    • application conditions
    • study abroad majors
      • National advantage
      • education system
      • Professional information
      • Popular majors
      • school application
    • Study Abroad Strategy
      • high school study abroad
      • university study abroad
      • postgraduate study abroad
      • Art Study Abroad
    • Study abroad documents
      • resume
      • personal statement
      • MBA Essay
      • Study Abroad Application
      • Recommendation letter
      • motivation letter
      • Application materials
      • set of magnetic letter
    • Study abroad life
      • Preparation before departure
      • basic necessities of life
      • Working overseas
      • Study abroad diary
      • entry and exit
      • study abroad loan
    • Study Abroad News
  • study abroad cost
  • scholarships
  • study abroad tips
  • Immigration
    • immigrant life
    • Immigration experience
    • Immigration Guide
    • immigration news
    • Immigration requirements
    • Types of immigration
    • investment immigration
    • Technical Immigrant
    • International moving
  • immigration policy
  • Immigration fees
  • Visa
    • visa to go abroad
    • Passport processing
    • Visa application process
    • visa guides
  • Summer Study Abroad
No Result
View All Result
Ygunu.com
No Result
View All Result
Advertisements
Home Immigration investment immigration

How To Get Maltese Citizenship By Investment

by Celia
17/09/2024
in investment immigration
How To Get Maltese Citizenship By Investment

Malta, an island nation in the Mediterranean, offers one of the most attractive citizenship-by-investment programs in Europe. Through its Malta Individual Investor Programme (MIIP), foreign nationals can obtain Maltese citizenship by making specific financial contributions. Maltese citizenship not only grants the right to live and work in Malta but also provides access to the European Union (EU), as Malta is a member state. This article will explore the requirements, process, and benefits of Maltese citizenship by investment.

What is Maltese Citizenship by Investment?

Maltese citizenship by investment is a legal way for wealthy individuals and families to obtain Maltese citizenship. It requires applicants to make a significant financial contribution to the country. In return, successful applicants and their families receive Maltese passports, allowing them to live, work, and study in any EU country.

The Malta Individual Investor Programme (MIIP) was launched in 2014, but it has been replaced by the new Malta Citizenship by Naturalization for Exceptional Services by Direct Investment program. The new program maintains the same core concept but with revised requirements and investment thresholds.

Key Requirements

The Maltese citizenship-by-investment program involves a multi-step process, and applicants must meet several financial and residency requirements.

Financial Contributions

Applicants must make the following financial contributions:

Government contribution: The main applicant must contribute at least €600,000 to the Maltese National Development and Social Fund. For applicants seeking a faster path to citizenship (12 months instead of 36), the contribution rises to €750,000.

Real estate investment: Applicants must purchase property worth at least €700,000 or enter a five-year rental agreement with an annual rent of at least €16,000. This property must be retained for at least five years.

Philanthropic donation: In addition to the government and real estate investment, applicants must donate a minimum of €10,000 to a registered charity or non-governmental organization (NGO) in Malta.

These contributions are non-refundable and serve as the primary financial requirements for obtaining Maltese citizenship.

Residency Requirement

Before applying for Maltese citizenship, applicants must establish residency in Malta. This involves living in the country for at least 12 months (for the fast track) or three years, depending on the chosen investment route. Residency is proven by renting or purchasing property, opening a bank account, and engaging with local services.

Applicants are not required to live in Malta continuously but must show they have made Malta their primary place of residence during this period.

Due Diligence and Background Checks

Malta has a strict due diligence process to ensure that only reputable individuals are granted citizenship. Applicants must pass comprehensive background checks, including financial and security assessments. Any criminal history, involvement in money laundering, or sanctions violations will disqualify applicants.

Malta takes this process seriously, and the country has been praised for its rigorous screening methods compared to other citizenship-by-investment programs.

The Application Process

The application process for Maltese citizenship by investment consists of several stages. Here is a breakdown of each step:

Step 1: Residency Application

The first step is to apply for Maltese residency. This requires proving your financial ability to support yourself and your family in Malta. After this, you receive a residence card, which starts the clock on the residency requirement (12 or 36 months, depending on the chosen path).

Step 2: Submission of Application

After establishing residency, applicants can submit their full citizenship application. This includes providing detailed personal, financial, and legal information. Along with the application, you must provide supporting documents, such as:

A valid passport and other identification documents

Proof of address in Malta

Bank statements

Health insurance coverage

Criminal background checks from all countries where you have resided

The application must be submitted through an authorized agent approved by the Maltese government. These agents help guide applicants through the process and ensure compliance with Maltese regulations.

Step 3: Due Diligence Process

Once the application is submitted, the Maltese government conducts a thorough due diligence process. This can take several months, depending on the complexity of the case. During this time, the authorities review all documents and verify the applicant’s background to ensure compliance with Maltese laws.

Step 4: Approval in Principle

If the applicant passes the due diligence stage, they will receive approval in principle. This is a conditional approval, meaning the applicant must now complete the required financial contributions within a set timeframe. The financial contributions include the government donation, real estate investment, and philanthropic donation.

Step 5: Final Approval and Oath of Allegiance

Once the financial contributions are completed, the applicant is granted final approval for Maltese citizenship. Before receiving their Maltese passport, the applicant must take an oath of allegiance to Malta, affirming their commitment to the country’s values and laws.

Step 6: Issuance of Maltese Passport

After taking the oath, the new citizen and their family members will receive Maltese passports, granting them full citizenship rights.

Costs Involved

The costs associated with obtaining Maltese citizenship by investment can vary, depending on the number of dependents and the investment options chosen. Below is a summary of the typical costs involved:

Main government contribution: €600,000 to €750,000

Real estate investment: €700,000 (or €16,000 per year for rental)

Philanthropic donation: €10,000

Due diligence fees: €15,000 for the main applicant and €10,000 for each dependent

Administrative fees: Approximately €1,000 to €5,000, depending on the application’s complexity

In addition to these costs, applicants should budget for legal fees, residency application fees, and the cost of professional services provided by authorized agents.

Benefits of Maltese Citizenship

There are numerous benefits to obtaining Maltese citizenship through investment:

Access to the European Union

As a Maltese citizen, you automatically become an EU citizen. This provides the right to live, work, and study in any EU member state, as well as access to the EU’s internal market. Maltese citizens can also travel visa-free to over 180 countries, including the United States, Canada, and the Schengen Area.

Favorable Tax Regime

Malta has a favorable tax regime, especially for high-net-worth individuals. There is no wealth tax, inheritance tax, or capital gains tax on worldwide income. Maltese citizens who are not domiciled in Malta only pay tax on income earned within Malta or remitted to Malta.

High Quality of Life

Malta offers an excellent quality of life, with a pleasant Mediterranean climate, low crime rates, and a rich cultural history. The country has a strong healthcare system and reputable educational institutions. Its location also makes it an ideal base for travel across Europe, North Africa, and the Middle East.

Dual Citizenship

Malta allows dual citizenship, so applicants do not need to renounce their original nationality. This is particularly beneficial for individuals who wish to retain their home country’s citizenship while enjoying the benefits of Maltese and EU citizenship.

Potential Challenges

While Maltese citizenship by investment offers many benefits, there are some potential challenges to consider:

High upfront costs: The financial contributions required for Maltese citizenship are significant. Applicants should carefully assess their financial situation before applying.

Residency requirement: Applicants must demonstrate genuine ties to Malta by establishing residency for at least one year (or three years). This requirement may be difficult for those unable to spend extended periods in the country.

Rigorous due diligence: Malta’s strict due diligence process ensures that only reputable individuals gain citizenship. However, this also means that the application process can take several months and may result in rejection if any issues arise.

See also: How to Obtain European Citizenship by Investment?

Conclusion

Maltese citizenship by investment offers an exceptional opportunity for high-net-worth individuals to gain EU citizenship, access global markets, and enjoy a high quality of life. With its favorable tax regime, visa-free travel to numerous countries, and access to the European Union, Malta is an attractive option for investors seeking second citizenship. Although the process is lengthy and involves significant financial contributions, the benefits of Maltese citizenship make it a highly sought-after program for international investors.

Related topics:

  • British Citizenship by Investment: A Complete Overview

  • Eb-5 Visas: Green Cards for Immigrant Investors

  • Turkish Citizenship by Investment: A Comprehensive Guide

Previous Post

What Is The Temporary Skill Shortage Visa In Australia

Next Post

What Are The University Fees In Angola

Celia

Celia

Celia is a seasoned expert in international education. With a wealth of experience and a comprehensive understanding of global academic landscapes, Celia provides authoritative insights, invaluable guidance, and meticulous advice to empower aspiring students on their study abroad journey.

Related Posts

How Many Hours Can You Work on a UK Student Visa?
Visa

How Many Hours Can You Work on a UK Student Visa?

05/05/2025
What Are the PTE Requirements for a UK Student Visa?
Visa

What Are the PTE Requirements for a UK Student Visa?

05/05/2025
Is Your Immigration Status Kept Confidential?
Immigration

Is Your Immigration Status Kept Confidential?

05/05/2025
What Should You Know About an Immigration Medical Examination?
Immigration Guide

What Should You Know About an Immigration Medical Examination?

05/05/2025
How Much Does an Immigration Medical Examination Cost?
Immigration

How Much Does an Immigration Medical Examination Cost?

05/05/2025
Does Austria Offer Free Education to International Students?
study abroad

Does Austria Offer Free Education to International Students?

05/05/2025
Next Post
What Are The University Fees In Angola

What Are The University Fees In Angola

How To Get Romanian Citizenship By Investment

How To Get Romanian Citizenship By Investment

How to Study Medicine in Austria

How to Study Medicine in Austria

Popular Articles

How Can an Immigration Consultant Assist with Visas?

How Can an Immigration Consultant Assist with Visas?

03/05/2025
Why Is This the Top-Ranked University in the World?

Why Is This the Top-Ranked University in the World?

30/04/2025
How Can Immigration Improve the Economy?

How Can Immigration Improve the Economy?

30/04/2025
Why Should You Study in Argentina as an International Student?

Why Should You Study in Argentina as an International Student?

29/04/2025
Does Austria Offer Free Education to International Students?

Does Austria Offer Free Education to International Students?

05/05/2025
No Result
View All Result

Recent Posts

How Many Hours Can You Work on a UK Student Visa?

How Many Hours Can You Work on a UK Student Visa?

05/05/2025
What Are the PTE Requirements for a UK Student Visa?

What Are the PTE Requirements for a UK Student Visa?

05/05/2025
Is Your Immigration Status Kept Confidential?

Is Your Immigration Status Kept Confidential?

05/05/2025
What Should You Know About an Immigration Medical Examination?

What Should You Know About an Immigration Medical Examination?

05/05/2025
How Much Does an Immigration Medical Examination Cost?

How Much Does an Immigration Medical Examination Cost?

05/05/2025
Ygunu.com

ygunu is a professional study abroad portal that provides you with relevant information about study abroad programs, immigration, and visas. 【Contact us: [email protected]】

Recent News

  • How Many Hours Can You Work on a UK Student Visa? 05/05/2025
  • What Are the PTE Requirements for a UK Student Visa? 05/05/2025
  • Is Your Immigration Status Kept Confidential? 05/05/2025

Tags

study in UK   study in USA   study in Canada   study in France   study in Germany   study in Italy   study in Japan   study in Korea   study in Spain   UK immigration   Summer Study Abroad

Useful Links

About us

Disclaimer

Privacy Policy

Sitemap

sitemap-category

Copyright © 2023 ygunu.com Study abroad programs provides Global Study, Immigration, Visa

No Result
View All Result
  • Home
  • Immigration
  • study abroad
  • Visa

Copyright © 2022 ygunu.com Study abroad programs provides Global Study, Immigration, Visa