The Citizenship-by-investment program was launched in November 2013. The laws regarding the Citizenship-by-Investment program is found in the Maltese Citizenship Act, articles 10 (9) (b) and 24 (1) (i), and the Maltese Individual Investor Program Regulations, 2013.
The key advantages of this program are E.U. citizenship and visa-free travel to over 160 countries, including the United States of America, Canada and Hong Kong.
Malta's citizenship program requires an economic contribution to the country. The economic contribution takes the form of a direct non-re- fundable payment made to the government; a real estate purchase; and an investment in bonds. A single applicant will be required to make an investment of €650,000 to the National Development Fund (NDF). An additional contribution of €25,00 is required for the spouse and dependents under the age of 18. Applicants would need to also purchase a property for €350,000 or rent a property for €16,000 annual rental, both for a five-year contract and finally invest €150,000 in bonds or shares kept for five years in Malta.
The applicants may also include dependents above 18 until 25 years old if they are not married and are fully dependent on the applicant. In addition, parents over the age of 55 can also be included in the application if they live with the applicant and are fully supported by the applicant. An additional contribution of €50,000 is required for dependents aged between 18 to 25 and parents above 55.
The main applicant and each dependent above the age of 18 must undergo due diligence investigations, which costs €7,500 and €5,000 respectively and it is payable upon submission of application. Dependents between 13 to 18 years of age would need to pay €3,000 for due diligence investigations.
According to Prime Minister of Malta, Joseph Muscat, the minimum time between application and the granting of citizenship would be six months due to due diligence by Identity Malta. The maximum would be two years. (Monday, December 23, 2013,Times of Malta)
Applicants and their dependents who have in the past been denied a visa to countries which Malta has visa free access may not apply into this program.
Dual citizenship is allowed and individuals who will not become resident for tax purposes in Malta are not subject to personal income tax.
For more information, please visit the government website:
Getting citizenship and Malta Passport is not a difficult task. This is because the method of getting it is strict-free. Individuals with a clean criminal record and economic contribution are eligible for residency status in the country. However, prior to application, it is important to know the details, and the other important things that you will require to get your passport granted. We are there to guide you through the entire process of application so that you do not have any hassle or difficulty. We understand the requirements of our clients, and specify the exact things that you need to do in this context. We will tell you in detail about the Malta citizenship program so that you do not have any complication during and after the processing. We offer reliable and cost-effective services to our clients, and help them in acquiring the passport fast. Thus, you can also try out the same.VIEW CATALOGUE