EU citizenship gives the right of establishment in all 28 EU countries.
Citizenship is granted to suitable individuals and families who hold resident status in Malta for a period of twelve months immediately preceding the day of issuing of the certificate of naturalization and who qualify under the very strict due diligence regime. All individuals and families applying to the Malta Individual Investor Programme must make a significant contribution to the National Development and Social Fund established by the Government. The minimum contribution levels that must be met in the initial phase of the program have been set as follows:
• Contribution to National Development and Social Fund of EUR650,000 for the main applicant
• Contribution for spouse and minor children: EUR25,000 each
• Contribution for dependent children 18 to 26 years or dependent parents above 55 years: EUR50,000 each
Due Diligence fees apply, and these have been set at the following levels: For main applicant: EUR7,500; for spouses, adult children and parents: EUR5,000; for children between 13 and 18 years of age: EUR3,000 each.
The applicant must commit to retain a residence in Malta for a period of at least 5 years, either through the purchase of a property, for which the minimum value must exceed EUR350,000, or through leasing of a property, for which the minimum annual rent must exceed EUR16,000.
In addition, an investment of EUR150,000 in Government approved financial instruments, which must be maintained for a minimum period of 5 years is required.
When you acquire citizenship under the Malta Individual Investor Programme, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.
For detailed information on the advantages and disadvantages of the citizenship schemes available in Malta and the application process and requirements, please contact us.