Malta Individual Investor Programme (IIP)
The Malta Individual Investor Programme (IIP) is a citizenship by investment programme that was introduced by Legal Notice 47 of 2014. All beneficiaries under the programme are granted Maltese citizenship and issued with a Maltese passport. A holder of a Maltese passport is not only entitled to study, work and reside anywhere within the European Union, but the passport also provides visa free travel to over 165 countries.
The applicant must:
- be a third country national or a EU, EEA or Swiss national;
- be in possession of a valid travel document;
- provide evidence of twelve (12) months residency- In order for the Main Applicant to satisfy this requirement, he would not need to stay physically here in Malta, however he would be required to provide evidence of visits and effective links to Malta;
- maintain a Global health insurance policy that covers the Main Applicant and his dependents.
Phase 1 – Application
A residence card valid for eighteen (18) months will be issued prior to submitting the IIP application and marks the commencement of the residency period. This residence card will entitle the holder to reside in Malta, as well as travel freely within the Schengen area. The applicable costs of the residence card are:
Main Applicant € 5,000
Spouse or dependent € 1,000
Phase 2 – Due Diligence
Identity Malta will carry out a due diligence check which would take approximately 120 days to complete. The process is designed to ensure that the details provided in the citizenship application are accurate and that the approval of the application would not harm the security or reputation of Malta. The fees paid for the due diligence check are listed below and are not refundable if the application is refused.
Main Applicant € 7,500
Spouse € 5,000
Children aged 13yrs or over, but under 18yrs € 3,000
Unmarried Children over 18yrs, but under 26yrs € 5,000
Dependent parents and grandparents € 5,000
Phase 3 – Investment
If the applicant is approved from the Due Diligence process, a letter of approval in principle will be issued by Identity Malta Agency requesting the Main Applicant to proceed with his contributions/investments.
1. Government Contribution Fee towards national development and social fund of Malta.
Main Applicant € 640,000
Spouse € 25,000
Children under 18 € 25,000
Unmarried Children over 18 but under 27 € 50,000
Dependent Parents and Grandparents over 55 € 50,000
2. Acquisition of a Qualifying Property Holding in Malta or Gozo.
The property would need to be retained for a minimum period of 5 years and cannot be used for commercial purposes. In terms of the regulations, a qualifying property is an immovable residential property situated in Malta that is either:
– purchased for a minimum value of € 350,000
– lease an immovable property of a minimum value of € 16,000 per annum.
3. Investment for five years in Malta Government Securities.
Upon request we will provide you with a list of the latest MGS available for investment. Interest accrued on the security investments would be retained by the Main Applicant.
Investment in Malta Government Securities € 150,000
Other Applicable Fees
Additional fees include our firm’s legal fees, a €500 fee to be paid to Identity Malta for the preparation of each passport and a €200 fee imposed by Identity Malta Agency to cover bank charges.
Phase 4– Completion
Once the contributions/investments have been made and the 12-month residency period has been satisfied, IMA will issue a letter inviting all members of the family to visit the department to sign an Oath of Allegiance.
The certificate of naturalisation and Maltese passport are then issued within approximately seven (7) working days of the Oath of Allegiance.
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