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How Can I Apply For A Passport?
Malta is a small European island nation in the Mediterranean Sea, just south of Italy. Malta is one of the few European Union Citizenship by Investment Countries. The island has a population of 460,000 and has been an EU member state since 2004. English is widely spoken in Malta and a culturally diverse population enjoy its warm climate. Maltese citizenship is highly sought after as its EU membership and central location are ideal for international investors. As a result, Malta’s citizenship by investment programme is one of the most exclusive in the world.
Visa requirements for Maltese citizens are administrative entry restrictions by the authorities of other states placed on citizens of Malta. With effect from 10 February 2000, there are no restrictions under Maltese law on its citizens holding other citizenships. A former Maltese citizen by birth or descent who had resided outside Malta for 6 years was automatically conferred with Maltese citizenship retrospective to the date on which they lost it. In other words, they are deemed never to have lost Maltese citizenship.
Malta: How To Obtain A Maltese Passport
In order to become a Malta citizen by direct investment, the minimum required is €690,000. This includes non-refundable contributions to the National Development Fund and a non-governmental organization, as well as the cost of renting real estate. Malta citizenship by investment — officially called the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment process — is a prestigious citizenship by naturalization program. It grants citizenship by a certificate of naturalization to expats and their families who contribute to the nation’s economic growth.
12 months after an applicant has established residency in Malta, applicants who have maintained residence in the country will be granted citizenship. Malta is a picturesque island country in the Mediterranean, and it is a member of the EU and the Schengen zone. Its rich history, high standard of living and excellent air links make it an attractive place to live or own a second home. Since the Maltese passport grants you the right to live, study, work and own land anywhere in the EU, as well as visa-free travel to an outstanding number of countries, the citizenship-by-investment program of Malta is excellent value for money.
Does Malta Grant Duel Nationality?
In all cases, we can establish the most appropriate asset protection and investment vehicle from the outset, for as long as it will be required. Under the requirements of the Malta IIP, a prospective applicant must law firm use an accredited agent, such as Abacus Malta, to start the application process. Reach out and I’ll be happy to answer any questions and get you and your family started on the citizenship by investment process.
Malta is the jurisdiction chosen by many international companies and holding companies, to establish their headquarters and do business in the European Union. In Malta, there are no inheritance, real property, net wealth and municipal taxes. There is a stamp duty applied on certain transfers such as real property or securities.
Malta’s due diligence team is comprised of many former risk and compliance officers from major banks. The experienced team has developed a risk matrix that includes a seven-step verification process for each applicant. Obtaining Maltese citizenship via the country’s “Citizenship by Naturalization for Exceptional Services by Direct Investment” regulations does not have any tax consequences! Even if an individual moves their primary residence to Malta, they may be able to retain the status of a “non-domiciled” person and therefore have an extremely advantageous tax exposure.
Would you like to apply for Malta citizenship after 12 months in the status of a resident? Below is a brief summary of the application process for acquiring Maltese citizenship by investment. The Programme awards the applicant, and any family members on the application, Maltese Citizenship for life. The Malta Citizenship by Investment process takes 12 months from the approval of Malta residence.
Get The Brochure For Malta’s Individual Investor Program
Gather the necessary documents and submit an application for an E-Residency card, which takes 3-4 weeks to receive. Applicants must hold an E-Residency card for 12 months in order to apply for citizenship. After making a mandatory investment, you should take the oath and receive citizenship certificate. With the received certificate, our lawyers will help you to prepare an application to get the Maltese passport successfully. Instead of investing in real estate as per above, one can instead rent a residence in Malta for a period of at least 5 years, paying at least EUR 16,000 annual rent. 3-Year residence requirement – Applicant Investor’s will be able to make a contribution of €600,000 EUR for the principal applicant and €50,000 for every dependant.
The population is just over 450,000 making it one of the smallest populated countries in the world. The official languages are Maltese and English with all legislation in these two languages. The government of Malta is democratically elected with its parliamentary system modelled on the British system. Malta is known for its highly developed financial and tourism industries including the popular European Citizenship by Investment program.
This idea of residency through investment is not new, as many countries are well known for offering such advantageous options for overseas investment. Portugal, Spain, Italy, and Greece offer some of the most popular and beneficial residency through investment programs for expats. While all of these “Golden Visa” programs offer similar perks for spouses Turkish work permit and dependents of the investor, Malta’s is perhaps the most affordable (most other minimum investments hover around €500,000) and quickest (3-4 months). The Maltese government said all applicants were subject to Interpol and Europol database checks. “Negative circumstances render the person ineligible for citizenship based on investment,” it said.