Sovereignty: Commonwealth member country . Malta is a republic whose parliamentary system and public administration is closely modeled on the West-minister System.
Location: Malta is a southern European country in the Mediterranean Sea. It lies 80 km (50 mi) south of Sicily, 284 km (176 mi) east of Tunisia and 333 km (207 mi) north of Libya.
Government Type: A Parliamentary Republic.
Interesting facts: Malta has a multitude of historic and cultural gems. The sunny weather and idyllic beaches remain a main draw for tourists. There are the obvious popular sandy beaches as well as the rugged but no less beautiful rocky coasts.
Population: A population of 453,000 and a land area of 316 km2.
Demographics: Ethnic groups Maltese (descendants of ancient Carthaginians and Phoenicians with strong elements of Italian and other Mediterranean stock). Religions Roman Catholic (official) 98%
Economy: Although Malta’s economy is the smallest in the Euro zone, it is classified as an advanced economy according to the International Monetary Fund (IMF). The strongest sectors of the economy are : Foreign Trade, Manufacturing, Tourism, Medical Tourism and Film Production. Well-trained workers, low labor costs, and membership in the EU attract foreign investment. Globally, Malta ranks sixth in inward Foreign Direct Investment and amongst the top twenty among countries most likely to sustain economic growth over the medium and long term.
On November 1st, 2013, the Government introduced a Citizenship-by-Investment option, known as the Individual Investor Program (IIP).
- Malta Citizenship by Investment Program is known as the Individual Investor Program (IIP).
- Addressed at non-EU citizens who do not avail themselves of other tax exile schemes and property acquisition programs.
- This program is targeted for Ultra HNWIs of good reputation.
- Strict “Due Diligence” is required and is administered on a case-by-case basis and according to the number of family members. The Malta IIP is aimed at ultra HNWIs and families worldwide. It offers citizenship in a EU Member State that is stable, neutral and high respected through an efficient application process, and the world’s strictest due diligence standards and vetting of applicants, thus ensuring only high respectable clients will be admitted.
- Applicant should be medically fit.
- The minimum contribution levels to the National Development Fund must be met in the initial phase of the program and have been set as follows:
- € 650,000 for the principle applicant
- € 25,000 for the spouse and each child under 18 years of age
- €50,000 for children over 18 but less than 25 years of age.
- €50,00 for each dependent parent above 55 years of age.
- A one- time program that would take in a total of 1,800 applicants only and then it will be shut down permanently.
- Lease of an apartment for a minimum annual rent of € 16,000 for a period of 5 years OR a purchase of a property in Malta for a minimum of € 350,000 with a must hold period of 5 years.
- An investment of €150,000 in stocks, bonds, debenture,…etc for a period of 5 years.
- Present evidence that the main applicant and dependents are covered by a global health insurance policy.
- Present evidence that the main applicant has been resident of Malta for at least 12 months preceding the day of the issuing of the certificate of naturalization.
- A personal interview is not mandatory but may be recommended by Identity Malta on a case by case basis.
- The processing time would be not less than 6 months but no longer than 2 years.
The following contributions shall be required as a minimum to qualify for citizenship under the programme:
(a) Main applicant: EUR 650,000 (six hundred and fifty thousand euro), of which a non-refundable payment of EUR 10,000 (ten thousand euro) shall be remitted as a non-refundable deposit prior to submission of the application;
(b) Spouse: EUR 25,000 (twenty five thousand euro);
(c) For each and every child below 18 years of age: EUR 25,000 (twenty five thousand euro);
(d) For each and every unmarried child between 18 years of age and 26 years of age: EUR 50,000 (fifty thousand euro);
(e) For each and every dependant parent above 55 years of age: EUR50,000 (fifty thousand euro).
The non-refundable government payments to be made at the time of the application are:
- The € 10,000 down payment out of the contribution amount (which would be deducted from the total contribution amount at the time of approval).
- Due Diligence Fees of € 7,500 for the main applicant and € 4,000 for the spouse.
- Easy to integrate as mostly English speaking.
- Good medical facilities .
- High standard of living but at a most affordable cost.
- Safe environment for children.
- Attractive tax regime. Residents of Malta and who are not domiciled in Malta are taxable on a remittance basis.
- Visa free travel within Schengen states.