Free Consultation
Free Consultation

Blog Details

  • July 14, 2023
  • 9086 views
  • 0

Malta

Malta Citizenship

Malta Residency By Investment

Investors are presented with multiple options for making a qualifying investment to obtain residency. They can choose to invest in real estate by either purchasing or renting property, with minimum value thresholds based on location.

Malta Golden Visa

Third-country nationals — non-EU, non-EEa and non-Swiss — can participate in the Malta Permanent Residence Program. Investors obtain permanent residency in Malta, which allows them to live in the country and visit the Schengen Area for 90 days in 180. Immigrant Invest is a licensed agent of the program.

Applicants fulfil several investment conditions. They buy or rent real estate, pay government fees and make donations. They also confirm that they have assets of at least €500,000, where €150,000 are liquid financial assets.

Malta permanent residence is granted for life. However, the permanent residence card must be renewed every five years, much less frequently than temporary residence permits.

The Malta Permanent Residence Program was launched in 2015. In 2021, the rules were updated. The Malta Permanent Residence Program Regulations, L.N. 121 of 2021, provide the new terms and conditions.

Benefits of Maltese Residency

The Maltese Residency confers a multitude of advantages to individuals seeking to relocate or secure their presence within the European Union. Benefits include:

Visa-free Travel within the Schengen Area, allowing easy movement across numerous European countries.
Right to Reside in Malta, an EU member state that boasts a stable political climate and thriving economy.
Possibility of Tax Benefits, with Malta offering an efficient tax system for residents.
High Quality of Life, characterized by a warm climate, a safe environment, and English as an official language facilitating communication.
Malta Permanent Residence Program (MPRP)
The MPRP offers a structured path to residency through investment.

Here are the specific requirements and options available:

Main Investment: Applicants are required to contribute a substantial investment into a government-approved fund, the minimum being €100,000.
Real Estate Option A: Rent a property with a minimum annual rent of €10,000 in Gozo or the southern regions of Malta, or €12,000 elsewhere in Malta.
Real Estate Option B: Purchase a property with a minimum value.
€300,000 in Gozo or the south of Malta.
€350,000 in other areas of Malta.

Step-by-step procedure for obtaining Malta citizenship

Free Consultation

Please enable JavaScript in your browser to complete this form.
Immigration Type

Need help?

Navigating through golden visa & citizenship by investment programs can be complex and overwhelming, regardless of the country or program you’re interested in. If you’re struggling to find clear, accurate information, you’re not alone. Our team is here to offer you clarity and reliable advice across a wide range of immigration programs. By scheduling a consultation, you’ll receive personalized guidance tailored to your unique situation. We’re dedicated to helping you understand the details of various immigration programs, making them more straightforward so you can proceed with confidence.

Speak to an expert

Application Process

The Maltese Golden Visa application process is a structured procedure that involves thorough preparation and submission of specific documents to demonstrate eligibility and financial stability.

Gathering Necessary Documentation

Applicants must compile an extensive set of documents to support their Golden Visa application. These documents are critical to prove their identity, financial means, and background. Required documents typically include:

Passive Income/Bank Statements: Applicants should present recent bank statements to verify stable financial resources.
Personal Identification Documents: This encompasses a valid passport, birth certificate, and marriage certificates (if applicable).
Biometric Data: Passport-sized photos and fingerprints are necessary for personal identification.
Proof of Clean Criminal Record: Applicants need to supply documentation from their country of origin, and any country they have lived in for more than six months, to certify they have no criminal record.
Health Insurance: Proof of comprehensive health insurance covering Maltese territory is required.
They must also draft a detailed personal statement—often in the form of a cover letter—outlining the purpose of the application and their motivation for choosing Malta as their residency.

Submitting the Application

Once the necessary documentation is gathered, the applicant can proceed with their visa application. The submission process involves the following steps:

Due Diligence: A thorough due diligence check is conducted, ensuring the applicant poses no security, reputational, or financial risk to Malta.
Complete Application Forms: The individual must accurately fill out the required forms and attach relevant documents.
Payment of Fees: Application, processing, and due diligence fees must be paid according to the stipulated requirements of the Golden Visa program.
Residency Visa Issuance: Upon approval, a residency visa is granted, which is the initial step towards long-term residency and eventually citizenship, if desired, by non-EU nationals.
The entire application process reflects Malta’s commitment to attract and scrutinize high caliber individuals under the Golden Visa program, ensuring the integrity and prestige of Malta’s residency by investment scheme.

Initial Fees and Contributions

The Immediate financial outlay for the Malta Golden Visa encompasses administrative and due diligence fees, as well as a non-refundable government contribution.

They are as follows:

Administrative Fee: A payment is required to cover the costs of processing the application. This fee is non-refundable.
Due Diligence Check: Prospective residents undergo a thorough background investigation. This vital step incurs its own separate fee.
Government Contribution: A significant government donation is mandatory, which varies depending on the investment route chosen.

Eligibility Criteria

The Malta Golden Visa Program establishes specific criteria that applicants must meet for residency qualification. The eligibility hinges on fulfilling investment requirements as well as passing comprehensive due diligence processes to maintain the program’s integrity.

Main Applicant and Dependents

The principal investor must commit to a qualifying investment in real estate with options either to purchase or rent property in Malta. Eligibility extends to the following parties:

Spouse: Always considered an eligible dependent.
Children: All dependent children, both minors and those who are economically dependent on the main applicant.
Parents and Grandparents: May qualify as dependents if fully supported by the main applicant.
All applicants and their dependents are required to prove financial stability and a clean criminal record.

Blog Details

  • July 13, 2023
  • 9075 views
  • 0

Malta

Malta Citizenship

Malta Citizenship

living in the European Union and travelling around the world

investment

Investors may apply for Malta citizenship for exceptional services by direct investment. The minimum investment is €690,000. The conditions include the following:

A contribution to the National Development and Social Fund of €600,000+.

A charitable donation of €10,000.

Renting real estate for 5 years for €16,000 annually or purchasing one for €700,000.

Citizenship for exceptional services is acquired by naturalisation. First, investors get Malta residency and maintain the status for 1 or 3 years; only then may they apply for a passport. The Maltese Citizenship Act provides the path.

Foreigners can become Maltese citizens if they pass a strict Due Diligence check and fulfil the conditions stipulated by the law.

Expenses for obtaining Malta citizenship

Investors fulfil three investment conditions: contribute to the National Development and Social Fund (NDSF), donate to a non-governmental organisation, and buy or rent a residential real estate. All three conditions are mandatory.

A contribution sum defines when the investor can apply for citizenship. If the contribution amounts to €600,000, the residence permit must be kept for 3 years. If an investor contributes €750,000, the residence period cuts to 1 year.

storyblok

Step-by-step procedure for obtaining Malta citizenship

Free Consultation

Please enable JavaScript in your browser to complete this form.
Immigration Type

Speak to a global expert

Are you considering investment migration? Look no further! Our team at AL-RAHIMYA GROUP is here to assist you in finding the perfect investment migration solution tailored to your needs and aspirations. The AL-RAHIMYA GROUP team has global experts in over 10 countries. Let us help you find the perfect investment migration solution.

Speak to an expert
TOP
×