Malta has an excellent location in the heart of the magnificent Mediterranean Sea, making it a perfect place to call home. Not just because of the stunning scenery and ideal climate, but also because of the most recent initiatives that enable people to thrive in the business world.
In addition, it is a part of the European Union, has a growing economy, stable political environment, and some of the most reliable banks in the world.
Several countries have recently introduced citizenship through investment initiatives. Malta is one of those countries making it easy for prospective investors to live and work there lawfully.
Therefore, take a look at the Malta Citizenship by Investment Program if you are a foreign investor looking to move, invest, or conduct business in Europe while obtaining second citizenship.
Understanding Citizenship by Investment Malta (MEIN)
The main reason Malta is a well-liked investment program in Europe is that it has long-term advantages for investors. It was developed by the Maltese government to encourage foreign business skills and investment in the nation.
Once 1,800 applications were received, the prior citizenship by investment program was formally closed. The new program was subsequently launched in November 2020. This new scheme provides a quick and easy way to obtain residency while also providing a safe path to move within the EU.
It should be noted that the previous Malta Investor Program, also known as the Malta Citizenship by Investment Program, has been annulled.
You and your family will receive citizenship by a Certificate of Naturalization through this new program, Malta citizenship by naturalization for outstanding services if you make contributions to the economic growth of the nation. Additionally, in order to qualify for the program, you have to invest a certain amount. Additionally, you must demonstrate that you have lived in the nation for 12 or 36 months.
The new rules state that this citizenship by investment program will only grant citizenship to up to 400 qualified applicants annually. Additionally, once 1500 candidates have been granted citizenship, it will be capped.
Who Can Apply for Malta Citizenship by Investment?
Malta Citizenship by Investment is managed by the Community Malta Agency. The following qualifying requirements must be met by the main applicant, according to the federal government agency:
Candidates must be at least eighteen to be eligible. If they have lived in Malta for 36 months, they must invest at least €600,000; if they have lived there for 12 months, they must invest at least €750,000. They also have to spend at least €700,000 on a residential property in Malta and keep it for at least five years. Alternatively, they can rent a house that is worth at least €16,000 It is crucial to remember that selling or subletting the property within this five-year window is prohibited.
Make a €10,000 donation to any organization that the Community Malta Agency has authorized. Additionally, you can donate to a registered non-governmental organization or society that supports sports, culture, science, philanthropy, animal welfare, or culture.
To apply for citizenship, you must have a valid residence card. An e-ID card, a Malta identity document, is given to you when you buy real estate. You must be in good health, as must your family.
What Are the Advantages of This Program?
Applicants and their families who obtain citizenship in Malta are granted all of the rights of EU citizens, including the freedom to live, work, and study anywhere in the EU.
Through the citizenship process, applicants obtain a European passport, which grants them visa-free entry into over 180 nations and territories, including the United Kingdom, the United States, and Canada.
It can take up to a year to finish the drawn-out application process for Maltese citizenship. Applicants should set aside between €60,000 and €80,000 for legal fees related to having their petitions processed by a recognized law firm, in addition to the investment criteria.
Maltese citizens have the freedom to travel, live, work, and study anywhere in the European Union because they are also European citizens. Maltese passport holders and citizens are allowed to live in any of the EU member states.
