Malta is a tiny European island country that has a lot to offer to its visitors, including a high quality of life, an excellent healthcare system, and a strong economy. In recent years, Malta has also become a popular destination for high-net-worth individuals seeking to obtain citizenship in a European Union member state through investment.
The Maltese Citizenship by Investment Program, also known as the Malta Individual Investor Program (MIIP), is one of the most attractive programs of its kind, offering a range of benefits to successful applicants.
We will cover everything you need to know about the Maltese Citizenship by Investment Program, including its history, benefits, eligibility criteria, application process, and more.
History of the Maltese Citizenship by Investment Program
The Maltese Citizenship by Investment Program was launched in 2014, following the passage of the Maltese Citizenship Act, which allowed for the naturalization of non-Maltese nationals who made a significant contribution to the country. The program was designed to attract foreign direct investment and stimulate economic growth in Malta, and has been successful in achieving these goals.
Benefits of the Maltese Citizenship by Investment Program
One of the main benefits of the Maltese Citizenship by Investment Program is that successful applicants are granted full citizenship in a European Union member state. This means that they can live, work, and study anywhere in the EU, as well as travel visa-free to over 180 countries around the world.
In addition to the freedom of movement and travel that comes with EU citizenship, the Maltese program also offers a range of other benefits, including:
- No physical residency requirement: Successful applicants are not required to live in Malta before or after obtaining citizenship, although they are required to visit the country at least once during the application process.
- Fast processing time: The Maltese Citizenship by Investment Program has one of the fastest processing times of any citizenship by investment program, with applications typically being approved within 12 months.
- Dual citizenship allowed: Malta allows for dual citizenship, which means that successful applicants can retain their original citizenship alongside their Maltese citizenship.
- Family inclusion: Successful applicants can include their spouse, children, and parents in their application, making it a great option for families looking to obtain EU citizenship.
Eligibility Criteria for the Maltese Citizenship by Investment Program
To be eligible for the Maltese Citizenship by Investment Program, applicants must meet the following criteria:
- Be at least 18 years old
- Have a clean criminal record
- Make a non-refundable contribution to the National Development and Social Fund, as well as investments in government bonds and/or real estate
- Pass a due diligence check
- Be in good health
- Have a net worth of at least €650,000
Application Process for the Maltese Citizenship by Investment Program
The application process for the Maltese Citizenship by Investment Program is straightforward and can be completed in six steps:
- Pre-Approval: Applicants submit their initial application and supporting documents to a licensed agent, who performs a preliminary check to ensure that the application meets the eligibility criteria.
- Contribution: Applicants make a non-refundable contribution to the National Development and Social Fund, as well as investments in government bonds and/or real estate.
- Due Diligence: A due diligence check is performed to verify the applicant’s identity, background, and financial history.
- Residence: Applicants must spend at least one week in Malta during the application process to meet the residency requirement.
- Approval: Once the due diligence check has been completed and the applicant has met the residency requirement, their application is reviewed by the Maltese government, who make the final decision on whether to grant citizenship.
- Oath: If the application is approved, the applicant and their family members are required to take an oath of allegiance to the Republic of Malta and pay the remaining balance of their investment.
Investment Options for the Maltese Citizenship by Investment Program
To be eligible for the Maltese Citizenship by Investment Program, applicants are required to make a non-refundable contribution to the National Development and Social Fund, as well as investments in government bonds and/or real estate. The investment requirements are as follows:
- Contribution: The minimum contribution for a single applicant is €650,000, with additional contributions required for family members.
- Government Bonds: Applicants are required to invest at least €150,000 in Maltese government bonds, which must be held for a minimum of five years.
- Real Estate: Applicants are required to purchase or lease property in Malta with a minimum value of €350,000, or rent property with a minimum annual rent of €16,000.
How Concordia Consultancies Can Help You
If you are considering the Maltese Citizenship by Investment Program, working with a trusted and experienced advisory firm like Concordia Consultancies can be an invaluable asset. With a wealth of knowledge and expertise in the program, Concordia Consultancies can provide you with comprehensive guidance and support throughout the application process.
Whether you are a high-net-worth individual seeking to obtain citizenship in a European Union member state through investment or a family looking to secure a better future for your loved ones, Concordia Consultancies can help you navigate the complex requirements of the Maltese Citizenship by Investment Program.
As a global advisory firm specializing in the program, Concordia Consultancies offers a range of services, including:
- Initial consultations to assess your eligibility and provide you with a detailed overview of the program and its requirements.
- Assistance with the preparation and submission of your application, including the collection of all necessary documentation.
- Guidance on investment options and structuring your investment to maximize its potential returns.
- Liaising with the Maltese government and other relevant authorities on your behalf.
- Ongoing support throughout the application process, from initial submission to final approval.
With Concordia Consultancies by your side, you can have confidence in your application and peace of mind knowing that you have the support of a trusted and experienced advisor.
Why Choose Concordia Consultancies
At Concordia Consultancies, we pride ourselves on our in-depth knowledge of the Maltese Citizenship by Investment Program and our commitment to providing our clients with exceptional service. Here are just a few reasons why you should choose us:
- Experience: With years of experience in the industry, we have helped countless clients successfully obtain citizenship through the Maltese Citizenship by Investment Program.
- Expertise: Our team includes experts in immigration law, tax law, real estate, and finance, ensuring that you receive comprehensive guidance and support throughout the application process.
- Personalized Service: We understand that each client’s needs and goals are unique, and we take a personalized approach to every case, tailoring our services to meet your specific needs.
- Transparency: We believe in transparency and honesty in all of our interactions with our clients. We provide clear, upfront pricing and keep you informed throughout the entire process.
- Results: Our track record speaks for itself. We have a high success rate in securing citizenship for our clients, and we are committed to helping you achieve your goals.
The Maltese Citizenship by Investment Program can be a game-changer for those seeking to obtain full EU citizenship through investment. With its attractive benefits and streamlined application process, it’s no wonder that this program has become increasingly popular in recent years.
However, navigating the requirements of the program can be complex and overwhelming. That’s where Concordia Consultancies comes in. Our team of experts can provide you with comprehensive guidance and support throughout the application process, ensuring that you have the best possible chance of success.
If you’re interested in learning more about the Maltese Citizenship by Investment Program and how Concordia Consultancies can help you achieve your goals, contact us today. We look forward to hearing from you.