Decoding immigration investors program in Malta.

by Hudson Mckenzie Lawyers and Solicitors who understand you

Malta has become increasingly popular with foreign investors and entrepreneurs thanks to the various incentives that the country has to offer. Albeit small in size, Malta is definitely not short of reasons why one would choose to relocate here including excellent climate, vibrant Mediterranean lifestyle, rich history and culture and safety. The country is well connected to other European countries and boosts of a thriving economy, multilingual population and excellent education and health care services.

Benefits of immigration investors program in Malta

·         Visa Free travel to more than 160 countries in the world;

·         Access to work, live and study in any of the 28 EU countries;

·         A second passport – Malta accepts multiple citizenship;

·         Additional benefits and advantages in the UK as a commonwealth citizen;

·         No need to reside in Malta permanently;

·         Access to advantageous tax systems;

·         Acquisition of Maltese Citizenship available to all dependent family members;

·         Neutral, safe and stable economy and political climate.

Application Requirements

·         The programme is open to applicants of at least 18 years of age.

·         Dependent parents of age 55 and over and children of age 26 and under are allowed to apply along with the applicant.

·         Applicants are required to make the mandatory investment amongst others in Real Estate (purchase or rent of immovable property), bonds and stocks.

·         The programme is available to any reputable individuals and their dependents who pass a rigid due diligence process.

Application Procedure of Immigration Investors Program in Malta

Step 1 – Eligibility and File Preparation: Checking of the eligibility of applicant and file preparation and collection of required documents.

Step 2 – Residency Card: A residence card application is submitted to set the clock ticking on the 12 month residency requirement. Physical presence of the applicant is required as biometrics will need to be captured.

Step 3 – Submission of Application: Submission of the application to the Malta Individual Investor Programme Agency (MIIPA) along with payments due.

Step 4 – Process of Application: MIIP confirms if documentation submitted is formally in order, subject to further verification. Once the applicant’s due diligence process is satisfied an approval letter is issued by MIIPA.

Step 5 – Settlement of Contribution: A formal request is issued whereby applicant is required to settle the contribution within 20 working days.

Step 6 – Investment Documents: Provide evidence of property investment, portfolio investment, health insurance and genuine links.

Step 7 – Oath of Allegiance: After IIP obligations are fulfilled, the applicant along with family members will be invited to take an Oath of Allegiance in Malta.

Step 8 – Certificate of Naturalisation and Maltese Passport Application: The Government of Malta issues the Certificate of Naturalisation and the processing of Maltese Passport Application reaches its final stages.

Investment Required

Contribution

Main applicant: €650,000; spouse: €25,000; for each and every child below 18 years of age: €25,000; for each and every unmarried child between 18 years of age and 26 years of age: €50,000; for each and every dependent parent above 55 years of age: €50,000.

Property

Acquire a property in Malta having a minimum value of €350,000 and retain it for a period of at least 5 years; or Lease a property in Malta for a minimum annual rent of €16,000 and retain it for a period of at least 5 years.

Investment

Invest in Malta an amount of at least €150,000, in amongst other stocks, bonds, debentures, special purpose vehicles, or other investment vehicles as may be identified from time to time, and retain the investment for at least 5 years.

Residence

The main applicant must prove that he has been a resident of Malta for a period of at least 12 months, preceding the issuance of the naturalisation certificate.

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Created on Sep 12th 2018 00:50. Viewed 403 times.

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