Malta is an island located in the Mediterranean to the south of Italy. It’s an ideal location for businesses with interests in Africa, Europe or Asia and a Malta visa offers a wonderful way of life for families, owing in part to the warm climate, a wealth of attractions and a healthy calendar of events all year around. The country has been a member of the European Union since 2004 and is part of Schengen since 2007. Maltese citizenship grants access to all investment opportunities in Malta and throughout the European Union.
The Malta Individual Investor Programme (MIIP) is particularly aimed at ultra high net worth individuals and requires a minimum contribution of €650,000 to the national development fund set up by the government, invest €150,000 in government approved financial instruments and commit to a residence in Malta, either rent or purchase, for a minimum of 5 years. The property value for purchased real estate needs to be a minimum €350,000 and for rental a commitment of €16,000 per year is required. In addition to this, each family member must also contribute a sum of €25,000 to the development fund. The programme leads to a Maltese second passport after one year and in turn grants EU citizenship.
Malta also offers an indefinite residency programme for international investors who offer an investment of at least €250,000 in Maltese government bonds or equities for a period of 5 years. In addition to this, the investor must also make a €30,000 contribution to the State Fund of Malta and purchase or rent a residence on the island. The programme offers a stable and low risk investment route to gaining a residency in an EU country.
Our global citizenship lawyers at City Legal have immense experience in assisting investors in obtaining second citizenship and have been working with wealth managers, leading banks, Investment management and real estate companies in Malta to facilitate this at ease. We are a multi award winning law firm and pride ourselves in being approachable, innovative and always going that extra mile to make sure our clients receive the individual attention they deserve. Our Immigration team maintains a high reputation and is committed to provide clear, transparent and reliable advice to our clients.