Malta Citizenship by Investment may be given under an amendment passed in November 2013 to the Maltese Citizenship Act, Chapter 188 of the Laws of Malta. These amendments provided the framework for the enactment of LN 47 of 2014. The “Individual Investor Programme (IIP) rules provide for wealthy persons of unblemished standing and repute to be naturalised and to receive Maltese citizenship on the basis of a donation to and investment in Malta.
Qualification for Malta Citizenship by Investment
The main candidate may also add to a citizenship application his/her spouse, children and parents or grandparents, under certain requirements, to benefit under the Malta Citizenship by Investment Programme. Beneficiaries under the Global Residence Programme may also moreover apply for citizenship under this Programme. The Maltese IIP allows for the granting of citizenship by a certificate of naturalisation to overseas individuals and their families who contribute to the economic progress of Malta.
To qualify under the directives of this programme, a Main Applicant for citizenship must be at least 18 years of age and must meet the follow demands:
- Donation to the National Development & Social Fund
- To access the Maltese citizenship program, main candidats must be represented by Authorised Registered Mandataries and are required to donate €650,000 to Malta. Of this donation, 70 per cent will go into a National Development and Social Fund to be set up by the Government of Malta and to be run by a board of trustees on the lines of the Sovereign Wealth Fund in Norway. The rest will go to the consolidated fund.
- Wifes/husbands and children of candidates for Malta citizenship are required to donate €25,000 while unmarried children between the ages of 18 and 25 and dependent relatives will also be given citizenship on the basis of a donation of €50,000 each.
Property Purchase or Rental
Candidates are required to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000, both on at least five-year contracts.