Proof of Assets

4. Proof of Assets

Who needs to prove possession of assets amounting to €500,000, or an annual income of €100,000?

The Main Applicant only.

Does the asset requirement change according to the number of dependants included in the application?

No.

Is the €500,000 capital requirement distinctive from the value of property acquired in Malta together with the €250,000 invested in government stocks?

Yes, they are different, distinctive requirements.

With regard to €100,000 proof of annual income, is a declaration by an employer enough?

Yes, as long as there is enough information on the employer. Evidence, such as salary slips or a contract of employment showing the annual salary, normally suffice.

Not many people keep cash in a bank account for a long time; they may have investment in property, security or business. Can the Applicant present a security/investment portfolio and/or property appraisal and/or company financial accounts?

Yes these documents are acceptable as long as they are issued from a reputable company or an official entity.

With regard to the €500,000 capital requirement, would a real estate appraisal (valuation) be acceptable evidence for Identity Malta Agency in order to establish the total net assets of a client if his/her assets were primarily real estate (and not necessarily cash or other liquid assets)?

Yes.

For any other questions that are not covered here, please contact us on info@nexiabt.com.

 

 

 

Disclaimer: This marketing material has been issued by Nexia BT, having registered address at The Penthouse, Suite 2, Capital Business Centre, Entrance C, Triq taz-Zwejt, San Gwann SGN 3000, Malta. Any information within this brochure should be taken as a general guide only and should not be taken as advice and its application to specific situations will depend on the particular circumstances involved. Readers are recommended to seek professional advice and should not rely on information provided in this brochure as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Nexia BT accepts no responsibility for any errors or ommissions it may contain, whether caused by negligence or otherwise, or for any losses, however, caused, sustained by any person that relies upon it. BTI Management Limited is a registered as a Company Service Provider by the Malta Financial Services Authority. BT International Limited is authorised by the Malta Financial Services Authority to provide fiduciary services which do not include acting as a Trustee. Both companies form part of Nexia BT Group.