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Malta Individual Investor Programme

20.02.2015

The Individual Investor Programme of the Republic of Malta (‘IIP’) allows for the granting of full citizenship of reputable high net worth foreign individuals and their families, who contribute to the economic and social development of Malta.The IIP is regulated by Identity Malta working in line with the Malta Financial Services Authority (MFSA). The IIP is the first citizenship by investment programme to be endorsed by the European Union Commission.

Requirements for IIP

In order to qualify for citizenship, the main applicant must:

  1. be over 18 years of age;
  2. propose to make a contribution as determined below;
  3. meet the requirements of the Regulations and application;
  4. commit to provide proof of residence in Malta, and to provide proof of title to residential property in Malta in accordance with the Regulations;
  5. commit to invest, amongst others, in stocks, bonds, debentures, special purpose vehicles or to make other investments as provided from time to time by Identity Malta by means of a notice in the Government Gazette;
  6. have a clean criminal record:
  • any person who has been denied a visa to a country with which Malta has visa-free travel arrangements shall not be entitled to apply under the programme;
  • a person who is deemed a potential national security risk, a reputational risk or is subject to criminal investigation will also be denied citizenship;
  1. provide proof that the he/she has been a resident of Malta for at least 12 months preceding the day of the issuing of the certificate of naturalisation.

Key advantages of IIP in Malta

  • Visa-free travel to more than 160 countries in the world, including the USA
  • EU citizenship gives right of establishment in all 28 EU countries and Switzerland
  • Possible tax planning benefits
  • A stable political system
  • Good quality of life and high standard of education

Contribution fees

Main Applicant € 650,000

Spouse and each child below the age of 18 € 25,000

Each dependent parent aged 55 or older and each unmarried child aged between 18 and 26 € 50,000

Due diligence fees

Main Applicant € 7,500

Spouse, adult children and parents € 5,000

Children between 13 and 18 years of age € 3,000

Passport fees and bank charges

Passport: € 500 per person;

Bank charges: € 200 per application.

The application for a passport may only take place after the oath of allegiance has been taken by the successful applicant.

Procedures and time frame

In case of approval, the applicant is informed by a Letter of Approval and would be requested to provide the following (within 4 months from letter of approval):

  • a written undertaking to acquire immovable property in Malta (minimum value of € 350,000) or take on lease immovable property in Malta (minimum annual rent € 16,000);
  • a written undertaking that the main applicant will make other investments in Malta to an amount of € 150,000.

Applicants are also required to provide evidence that they are covered by a global health insurance policy.

Dual Citizenship

The Maltese Citizenship Act does not provide for any restrictions on dual citizenship in Malta.

For further information please contact:

Karl Cini

Partner

karl.cini@nexiabt.com

Tim Dambrauskas

Head of Russia, CIS and Baltics desk

tim.dambrauskas@nexiabt.com

Download PDF in English - Malta Individual Investor Programme

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