- Moving Malta
- About Us
- Property Management
In January 2014, the Maltese Government launched the Individual Investor Programme, which ultimately allows approved Non-EU nationals to be eligible to become Maltese citizens, with a Maltese passport, thereby allowing the individual the right to work and reside within Malta or any of the other EU member states.
Since then, several citizenship applications have been received, and following a due diligence process which lasts an average of 12 months, these applicants were able to receive their Maltese passports, especially since most have been resident in Malta for a period of time prior to application. All they actually need to do themselves is have their biometrics taken at the start of the process, and pledge an oath of allegiance on conclusion. To see how you can also obtain Maltese Citizenship, please see details below.
To obtain citizenship in Malta, the IIP Requires individuals to adhere to the following conditions:
- Make a contribution of €650,000 which will go towards financing a National Development Fund;
- Purchase property to the minimum value of €350,000; the property (or substitute) must be retained for 5 years; or, lease a property for which the minimum annual rental must exceed €16,000;
- Hold a minimum of €150,000 in Malta Government bonds which must be maintained for a period of 5 years;
- An additional contribution of €25,000 is required for a spouse and for each child under the age of 18;
- The application may include children between the ages of 18 and 26 years, if they are financially dependent on the main applicant and unmarried. In those cases, the additional contribution is set at €50,000 for each such adult dependent;
- Parents over the age of 55 can also be included in the application as dependents, if they are living with and are fully supported by, the main applicant. In this case as well, an additional contribution of €50,000 is required per person;
Due diligence fees are also payable for all applicants:
· €7,500 for the main applicant
· €5,000 for spouses, adult dependents and parents
· €3,000 each for children between the ages of 13 and 18 years of age
Applications may only be submitted by Authorised Agents of Identity Malta. The successful applicants will be granted citizenship by means of a certificate of naturalization, after having undergone a thorough due diligence process. The applicant must commit him/herself to proof of residence in Malta.
A thorough four-tier due diligence process is carried out directly by the Government which assesses the applicant, and the applications will then be processed subject to Government approval.
Each applicant will be required to submit the following documentation:
(a) a certificate in the form prescribed by Identity Malta and made by a licensed medical practitioner that the main Applicant and his or her Dependents are not suffering from any contagious disease and that they are otherwise in good health;
(b) a Police Certificate or Certificates, which may however also be submitted subsequently at a later date but in any case before the Application is approved;
(c) an undertaking to remit the total of the required Contribution, less the Non-Refundable Payment already made at the time of submission of the Application, of the amount as specified in Schedule 1 hereof, when called to do so by the Concessionaire; and
(d) any other document as may be required from time to time by notice issued by Identity Malta.
How can Belair Property facilitate your move to Malta?
Belair Property not only assists in finding properties, but we also offer assistance relating to bank, legal, tax and trust issues. We work with two highly reputable practitioners from tax/law firms in Malta who can assist you with your application, as well as the process of acquiring Citizenship in Malta. Together with our partners, we offer excellent value for money and we have proven ourselves over recent years to a number of our esteemed clientele. Contact us for further details.