The new Malta Individual Investor Programme is an attractive proposition for wealthy non-EU citizens who wish to benefit from citizenship in Malta, a highly respected, stable and neutral EU Member State. EU citizenship confers a number of important rights, including the right to move freely in all 28 EU countries.
The Individual Investor Programme provides for the granting of citizenship of Malta by a certificate of naturalisation to foreign individuals and their families who contribute to the economic development of Malta. Applicants must make a significant contribution to the National Development and Social Fund established by the Government and hold residence status in Malta for a period of twelve months immediately prior to the issuing of the certificate of naturalisation. There is also a strict due diligence process to ensure that only highly reputable applicants are admitted.
The minimum contribution levels that must be met to qualify under the Programme have been set as follows:
• Contribution to National Development and Social Fund of €650,000 for the main applicant
• Contribution for spouse and minor children (if applicable): €25,000 each
• Contribution for dependent children 18 to 26 years or dependent parents over 55 years (if applicable): €50,000 each
The applicant must also commit to retain a residential property in Malta for a period of at least 5 years, either through the purchase of property, for which the minimum value must be at least €350,000 or through leasing a property for which the minimum annual rent must be at least €16,000.
There is also a requirement to invest a minimum of €150,000 in Government approved financial instruments, which must also be maintained for a minimum period of 5 years.
For further information about Malta’s Individual Investor Programme and how we can be of assistance to you through contact our Immigration Practice Group today.