A growing number of wealthy families are looking at investment citizenship as an opportunity to live a better life in a more stable environment. Malta took this opportunity, to attract highly qualified, wealthy and talented investors through the Individual Investor Program (IIP).
Since May 2018, the IIP is being administered by an independent government entity specifically focused on the operations of Malta’s citizenship by investment programme. The Malta Individual Investor Programme Agency (MIIPA) is responsible for the processing of applications, the carrying out of an in-depth due diligence process and putting forward recommendations to the Government regarding the granting of citizenship or otherwise.
The Due diligence process for screening applications is developed and adopted by the Malta Individual Investor Programme Agency (MIIPA) is currently the gold standard in the CBI industry. It sets a benchmark for other citizenship by investment programs. It employs four-tier due diligence process, considered the most stringent, and of the highest standard, in the industry
WHY MALTA?
- Malta is one of the strongest and most stable economies of the European Union and fastest growing, economy in Europe.
- Malta has Lowest unemployment in Europe
- Malta has cut its taxes for its citizens for five years in a row.
- Malta is one of top expat destinations in the world
- Malta is the blockchain island, tech savvy island attracts a number of Fintech startups.
- Malta provides free healthcare, free childcare and free education one of the few countries in the world.
- Malta is also one of the best countries to do business from competitive tax regime and welldeveloped legal system and equal opportunities
IIP BENEFITS
- Become a full EU citizen by investment
- Open for EU citizens and third country nationals
- Powerful EU passport with visa waiver agreements with Canada, United Kingdom and United States
- Full EU citizen rights and right to vote in Malta and EU elections
- Maltese Citizenship passed to future family generations
- World class healthcare benefits and access to EU market to do business.
SCHEDULE OF FEES
Contribution Requirements:
€1,150,000 for the main applicant
€25,000 for the spouse
€25,000 for each and every child below 18 years of age
€50,000 for each and every dependant unmarried child between 18 and 26 years of age
€50,000 for each and every dependant parent above 55 years of age
Other Fees
Passport Fees: €500 per person
Bank Charges Fees: €200 per application
Due Diligence Fees:
€7,500 for the main applicant
€5,000 for spouse
€3,000 for each and every child between 13 and 18 years of age
€5,000 for each and every dependant unmarried child between 18 and 26 years of age
€5,000 for each and every dependant parent above 55 years of age
FAQS
The Legal Notice specifies a minimum period of six months and a maximum period of 24 months. However, it is expected that in the majority of cases the process will take 12 months.The Main Applicant is obliged to obtain an effective residence status in Malta for a minimum period of 12 months before becoming a Maltese citizen
A Letter of Approval in Principle is issued once rigorous due diligence checks are completed. These take between four and five months
If the baby is born after the date of naturalisation certificate, they will automatically inherit citizenship
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