Malta provides the possibility of a second passport via investment. The Malta passport by investment programme also provides entry to the European Union. It further facilitates international mobility for the successful. The guide entails the requirements, advantages, and procedure. Finally, it lays out a simple route to Maltese citizenship by investment.
What is the Malta Passport by Investment Program?
The Malta citizenship by investment scheme offers high-net-worth individuals an expressway towards European citizenship. Besides this special offer, the investors also have the advantage of enjoying a host of global benefits and being part of the European Union. Moreover, the Government of Malta also offers citizenship through naturalisation, thus constituting another viable option for those interested in creating permanent connections with Malta.
Moreover, it requires the applicants to submit top-notch services in the form of direct investment. Thus, the applicants’ contribution must align with Malta’s economic and social development. Lastly, this combination of flexibility and selectivity makes the Malta citizenship scheme highly attractive to discerning investors worldwide.
Legal Framework for the Malta Passport by Investment
The programme is governed by the Malta Citizenship Act, Cap. 188. In addition, Legal Notice 437 of 2020 also regulates the procedure. Besides, it offers a predetermined and clear path to citizenship.
Advantages of Obtaining a Malta Passport by Investment
The Malta investment passport program offers numerous benefits. It facilitates visa-free travel to 188 nations, such as the USA, Canada, Australia, and the UK. It also accesses health, education, and social welfare within the EU.
Furthermore, it allows individuals to live, work, and study in any EU country. Moreover, Malta enjoys a stable political and economic environment. Lastly, there is no residency requirement after obtaining citizenship.
Requirements for Malta Passport by Investment
To be eligible, candidates must meet three key requirements:
1. Property Investment
- Purchase an immovable asset worth €700,000 or more, or
- Let a property having a minimum annual rent of €16,000.
- Hold the property for a minimum of five years.
2. Financial Donation
The applicants ought to benefit Malta’s economy:
- €750,000 for a 12-month residency route.
- €600,000 for a 36-month route of residency.
- €50,000 for every dependent added.
3. Charitable Donation
Donors are required to donate €10,000 to a Maltese registered non-governmental organization.
Due Diligence and Eligibility for Malta Passport by Investment Applicants
The government of Malta conducts a four-step due diligence exercise to ensure that the applicants fulfill rigorous eligibility requirements. First, the principal applicant should be 18 years old. Second, the applicants should be in good health and clear of infectious diseases. Thirdly, the government conducts a fit and proper test. The exercise checks the background and reputation of the applicant.
The Application Procedure for Malta Passport through Investment
1. First Consultation
Applicants interact with authorized agents in order to determine their eligibility. Furthermore, a due diligence screen guarantees compliance with all the requirements. Lastly, the process is done prior to submission.
2. Residency Application
- Apply for residence and obtain a Maltese residence card.
- Applicants must provide biometric data.
3. Citizenship Eligibility Application
- The government conducts additional due diligence and examines the investment proposal.
- Approved successful applicants are awarded a Letter of Principle Approval.
4. Final Approval and Investment
- Invest and make donations as needed within 25 days of approval.
- The applicant and the dependents must make the Oath of Allegiance.
- The Maltese authorities issue passports and naturalisation certificates.
Tax Implications of Maltese Citizenship
Holding an investment Malta passport does not necessarily render an individual a tax resident. The most important tax advantages are:
- No inheritance, estate, or wealth taxes.
- No tax on foreign income unless transferred to Malta.
- 5% applicable corporate tax on earnings.
Conclusion
Malta citizenship by investment provides a safe, efficient, and worthwhile route to European citizenship. Through the investment in the program, one gains unbeatable global mobility. Besides, they have full EU rights and, in the process, open doors to financial freedom.
Additionally, the procedure is straightforward, granting worthwhile long-term benefits. Subsequently, this renders the program a great choice for investors who are looking for alternative opportunities. Whether for travel, work, or personal development, the Malta passport offers a great foundation for a successful future in Europe. Generally, it has ample possibilities for development and prosperity.
FAQ
How long does the Malta passport by investment take?
The whole process usually lasts from 12 to 36 months, based on the path of investment that you follow. There are also some paths with expedited processing. Others, meanwhile, will need more documentation or confirmation. Therefore, the duration will differ in accordance with the path followed.
May I submit family members along with my application?
Yes, the programme permits you to include your spouse, dependent children, and parents above the age of 55. Consequently, your loved ones also benefit from the privileges of Maltese citizenship. Additionally, this aspect guarantees that your family members have the same advantages as yours.
Is dual citizenship permitted in Malta?
Yes, Malta allows dual and multiple citizenships. Therefore, you are not required to give up your initial nationality in order to become a Maltese citizen. Moreover, this also makes it an attractive choice for most of the investors looking for added advantages.
Do I need to live in Malta permanently after acquiring citizenship?
No, after you have obtained Maltese citizenship, you do not need permanent residency any longer. You are therefore free to reside in Malta, the EU, or wherever you please in the world. You are also not tied to Malta after you have obtained citizenship, and you have flexibility where you want to live.
Can my Maltese passport be revoked?
Yes, your citizenship may be revoked if you present false information or fail to abide by the responsibilities that accompany the program. For example, keeping the investments required or fulfilling residency requirements. That said, as long as the requirements are fulfilled, your citizenship is safe. Hence, it is important to remain in compliance with the program’s requirements.
Moreover, Malta citizenship by investment is a great chance to open up a world of advantages. Particularly, it guarantees improved global mobility and the rights of EU citizenship. It therefore has numerous advantages to individuals who would wish to expand their horizons. Apply now with professionals who have experience. This will ensure a successful and hitch-free application. It paves the way for a brighter tomorrow in the long run.
