Malta is a small, resourceful island anchored in the clear waters of the Mediterranean Sea, situated just 90 km south of Sicily and 300 km north of Africa. Just over 316 km2, the Maltese Islands comprise three small islands, Malta, Gozo and Comino. Malta is mostly described as a modern nation with ancient roots and has been home to a wide range of civilisations over its 7,000 years of history. Its strategic position between Europe and Africa made it a key possession for its many settlers and conquerors: from the Neolithic men to the Ancient Romans, Byzantines, Arabs, Normans, Knights of St John, French, and the British.
This rocky island is associated with a dry and sometimes windy climate enjoying around 300 days of sunshine per year. Maltese people have a rich and diverse cultural heritage, thanks to the colonies, which have left their marks. The Maltese culture is a combination of a strong work ethic and powerful ambition brought by the British legacy and softened by the natural southern Mediterranean temperament. Since May 2004, Malta benefits from the advantageousness of being a full member of the European Union and since 2007 Malta has been listed as a member of the Schengen Area.
Malta boasts about having one of the most developed business infrastructures in the world. Despite being small in size, it provides excellent professional infrastructure services such as banking, hospitals, postal services and telecommunication, besides other efficient public services. Traditionally, agriculture was one of the main contributors to the Maltese economy, but in the recent years, the economy has undergone extensive changes programmed for further growth.
In brief, the benefits of obtaining Maltese citizenship include:
- Visa free travel to more than 160 countries in the world
- Possible tax planning benefits
- Dependence on more than one passport
- Personal security
- Looking for a stable political system
- Good quality of life
- Better education for children
- A safe place to live
Individual Investor Programme (IIP)
The Individual Investor Programme of the Republic of Malta (IIP), by virtue of Legal Notice 47 of 2014, allows for the granting of citizenship by a certificate of naturalisation to individuals and their families who contribute to the economic and social development of Malta.The Individual Investor Programme (IIP) was designed to target excessively high net worth international individuals and families. This program offers the possibility of obtaining an EU citizenship in stable, neutral and highly sought after member state. The IIP has an efficient application process and the world’s strictest due diligence standards and vetting of applicants, thus ensuring only highly respectable clients will be given this opportunity. This programme allows the right of EU citizenship and establishment in all of the EU countries. Our partner, Accounting Services, is a Maltese Authorised Registered Mandatory with license number ARM01937.
The IIP offers the citizenship to those individuals and families who are able to abide by certain strict criteria. To qualify for citizenship, the main applicant must be at least 18 years of age, provide proof of having been a resident of Malta for a period of 12 months preceding the issuing of a certificate of naturalisation and meet various investment requirements. All individuals and families applying to the Malta Individual Investor Programme are obliged to make a significant contribution to the National Development and Social Fund developed by the Maltese Government. The minimum contributions accepted in the introductory phase of the program are set to be as follows:
- Contribution to National Development and Social Fund of €650,000 for the main applicant.
- Contribution for spouse and minor children: €25,000 each.
- Contribution for dependent children 18 to 26 years or dependent parents above 55 years: €50,000 each.
In addition to such, other fees such as the Due Diligence fee apply per person. This fee is set at the following amounts:
- For the main applicant: €7,500.
- For spouses, adult children and parents: €5,000.
- For children between 13 and 18 years of age: €3,000.
Other minor fees for passport and bank charges are also applicable.
When deciding upon applying for the Malta IIP one must commit to retaining a residence in Malta for a minimum period of five years, either through the purchase of a property of which minimum value must overreach €350,000 or if leasing a property, the minimum annual rent must exceed €16,000.
Moreover, one is obliged to invest the sum of €150,000 in Government approved financial instruments, for a period of at least five years.
Applicants must also have a worldwide health insurance coverage for at least €50,000 for the main applicant and each of the dependants and must give proof that they can maintain the same for an indefinite period.
Applications must be accompanied by supporting identification and verification documents authenticated in English, together with:
- Police conduct certificates
- Proof that the main applicant has been a resident of Malta for a period of 12 months preceding naturalisation
- Medical certificates stating that the applicant and his dependants are not suffering from contagious diseases and are in good health
- An affidavit of support for each dependant who is over 18 years of age.
All applicants aged 18 years and over are obliged to attend in person in Malta to undertake the Oath of Allegiance.
Benefits of a Malta Citizenship
Individuals and families who decide to take up a Malta Citizenship are rewarded with various benefits. The most significant advantage is the right to live, work and study in any of the EU states together with Switzerland. One also has the possibility to travel visa-free to 167 countries, including the EU and Canada. In addition to such, this is an ultra-safe process by which only selected individuals and families who are up to standards will be admitted. All in all, one will obtain the citizenship of a well-respected EU country with a reasonable contribution and an efficient application process.
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