A growing number of wealthy individuals seek to invest and migrate elsewhere due to political and socio-economic instability in their countries, giving another chance to themselves and their families to improve their life in a more stable environment while expanding their business interests.
Malta has seen this opportunity and has created the IIP
Programme to attract wealthy high net worth private individuals who are
interested in migrating elsewhere by contributing to the growth of the Maltese
economy. A yet small country but with a booming economy and a stable political
climate, Malta, gives the opportunities through sound and smart investments.
Malta has weathered the financial crisis and has maintained economic growth
during this challenging time.
The Malta Citizenship by Investment Programme is designed in
a way that is intended to expand opportunities and also attracting to Malta
those people willing to invest and believing in the potential of such a small
island.
The investment required under the IIP Programme takes the
form of a monetary contribution to the National Development and Social Fund
established by the Malta Government for the purpose of bringing about
qualitative improvements in Malta through public interest, social and capital
projects, the main applicant is required to contribute at least Eur650,000 to
Malta. Applicants are also required to invest at least €150,000 in bonds or
shares approved by the Maltese Government and must be kept for at least five
years.
Through a rigorous due diligence process, applicants must
show that they are in good health and that they wouldn’t be a burden on the
Maltese health system, purchase or lease a property and also provide sufficient
links to Malta.
The applicant (and dependents) must also be of good repute
and must show a good criminal record, and the Maltese authorities would then
carry their checks with various other authorities and sources. All citizenship applications under the
Malta Individual Investor Programme go through a systematic review and
evaluation process.
An overview of the government fees involved for the Malta
Citizenship by Investment Programme would be as follows –
Contributions
Main applicant – €650,000
Spouse – €25,000
Each and every child aged below 18 – €25,000
Each and every dependent unmarried child aged 18-26 –
€50,000
Each and every dependent parent aged above 55 – €50,000
Passport Fees
per person – €500
Due Diligence Fees
Main applicant – €7,500
Spouse – €5,000
Each and every child aged 13-17 – €3,000
Each and every dependent unmarried child aged 18-26 – €5,000
Each and every dependent parent aged above 55 – €5,000
Bank Charges
per application – €200
The IIP Programme requires the applicant to be a resident in
Malta for a period of at least 12 months.
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