The Maltese passport comes with a series of advantages to foreigners who join the Individual Investor Program, a successful scheme provided by the authorities in Malta. Our immigration lawyers in Malta can offer comprehensive legal assistance and support to foreigners interested in acquiring the Maltese passport by investment. They can also help with the residence permits in Malta and other important aspects related to visas and relocation to Malta.
What is the Malta Individual Investor Programme?
MIIP is the Malta Individual Investor Programme meant to attract high and ultra-high net worth individuals to make investments in this country in exchange for great benefits, among which, the Maltese passport. The program was the first one that was recognized and accepted by the EU commission in 2014, mentioning that all the provisions are comprised of the Maltese Citizenship Act. Here are the eligibility criteria for gaining a Maltese passport:
- Applicants must be at least 18 years of age to participate in this program.
- Proof of a clean criminal record is needed, mentioning that the Maltese authorities can legally verify individuals, with the international structures.
- A contribution of EUR 650,000 must be made by the main applicant.
- EUR 25,000 is the contribution of each family member (spouse, minor children).
- In the case of grandparents and dependent parents, a contribution of EUR 50,000/each is imposed.
There is also the possibility of purchasing a property in Malta worth at least EUR 350,000, in order to join the Malta Individual Investor Program and gain a Maltese passport. Investing EUR 150,000 in government bonds for at least 5 years is another option for foreigners interested in Malta’s investment programmes. One of our Maltese immigration lawyers will tell you more about the eligibility criteria for MIIP and about the Maltese passport that you can acquire. Interested in a residence permit in Malta? Please talk to our advisors and find out more. You can also watch our video presentation:
Advantages of Malta passport by investment
The Maltese passport is issued to foreigners who successfully applied for the MIIP and have been accepted as residents of this country. This kind of passport, also called “the golden passport”, comes with numerous advantages, such as:
- Traveling freely throughout the entire Schengen area, as Malta is a member of this group since 2007.
- Access to prestigious colleges in Malta and other European universities without foreign student entrance requirements – this is the case for children of foreign investors in Malta.
- Having a Maltese passport means you acquired citizenship through the MIIP.
Malta Individual Investor Program is quite successful among Asian citizens who already gained residency, citizenship, and a Maltese passport. However, this program addresses to all non-EU/EEA citizens interested in relocating to Malta and enjoy great standards of living. If you would like to know more about the Malta passport by investment program, feel free to talk to one of our immigration attorneys in Malta.
MIIP application process – short details
It is important to note that preliminary due diligence and background verification are made by the Maltese authorities to foreigners applying to Maltese Individual Investor Program, including the family members. Information about the profession, about the bank account (some bank statements are needed), and the source of funds meant for investments in Malta will be solicited by the Maltese authorities who perform the verifications of the candidates. We also remind you that an international health insurance policy is needed, plus a cover letter showing the reasons for applying for a Maltese passport and the marriage certificate for those applying with the entire family. All the documents should be translated into English, mentioning that information about the translator responsible for such documents might be solicited.
Why invest in Malta
Investing in Malta means taking advantage of a wide range of benefits, such as, the second passport that grants traveling throughout the Schengen area without restrictions, the Maltese residency, and then the possibility of gaining citizenship. Here are some facts and figures provided by bbc.com:
- By the end of January 2020, there were about 1,500 registered Maltese passport applications.
- Around 833 foreign investors obtained citizenship in Malta since the program was introduced.
- The Maltese passport is gained if a minimum investment of EUR 650,000 is made.
- Buying Maltese shares worth at least EUR 150,000 for 5 years in a row is another option for gaining a second passport.
Reasons why foreigners choose to live in Malta
If you are questioning why people choose Malta for relocation, the answer is quite simple: good living conditions and many other amazing benefits.
Malta is a small insular state in the Mediterranean Sea that offers the proper living conditions, among many other aspects for which is highly appreciated. The excellent educational system, the lack of complexities in the business climate, a great taxation system, outstanding healthcare services, and great standards of living in any Maltese city are just a few of the reasons why foreigners choose this country for relocation.
The Maltese immigration legislation is quite permissive to foreigners, as the authorities implemented a series of programmes meant to attract as many investors as possible, in exchange for various advantages.
It is quite simple to gain residency in Malta as long as the eligibility criteria are respected. Moreover, the Maltese passport and citizenship come with wonderful paybacks that the authorities continue to improve every year.
If you believe that Malta is the optimal destination for your relocation or retirement, you can simply address it to our team of advisors and let us simplify the process in terms of documents and other formalities.
FAQ about Malta passport by investment
1. How do I obtain a Maltese passport?
Individuals who want to make investments in Malta can join the MIIP. This is the Malta Individual Investor Programme created to attract ultra-high net worth investors in exchange for huge advantages. The Maltese passport is one of them.
2. What is the minimum contribution for joining the MIIP?
At least EUR 650,000 is the minimum contribution of an applicant for joining the MIIP and obtain the Maltese passport. A contribution of EUR 25,000 for family members is also accepted for spouses and children.
3. Are there other investment options to obtain the Maltese passport?
Yes, acquiring a property worth at least EUR 350,000 in Malta is another good option for foreigners interested in the benefits of a Maltese passport. If investments in government bonds of EUR 150,000 are made, applicants can join the MIIP.
4. Who can apply for a Maltese passport?
Non-EU/EEA citizens can apply for MIIP as such programme is dedicated to them. The Maltese passport is issued after gaining the residence permit. More on this topic can be discussed with our Maltese lawyers with experience in immigration.
5. What are the benefits of a Maltese passport?
The Maltese passport is also known as the “Golden passport” due to a wide range of benefits. Owners of Maltese passports can easily travel throughout the Schengen area without restrictions. Citizenship is acquired with the help of a Maltese passport.
6. Are there any advantages for children of MIIP applicants in Malta?
Yes, foreign students can join the courses of European universities without having to apply for a specific type of visa. It is sufficient for the parents to be part of the Malta Individual Investment Programme and have a “Golden Passport” like the one issued in this country.
7. Is there a verification made by the authorities for applicants of the Malta Individual Investment Programme?
Yes, the Maltese authorities are entitled to make specific verifications of non-EU/EEA citizens interested in making investments in Malta to obtain varied benefits. Candidates must provide the source of funds that are about to be invested, plus a clear criminal record. All the formalities involving the authorities can be managed by our Maltese immigration lawyers.
8. What kind of documents are required for Maltese passport by investment applications?
Besides the criminal record, a health insurance policy, the marriage certificate (in the case the application is also made for family members), and a cover letter stating the reasons for investments in Malta are solicited for MIIP. One should note that the documents are accepted in the English language.
9. Is citizenship acquired through MIIP?
Yes, the Maltese passport is the gateway for citizenship in this country. This is another important benefit that comes with the investment programmes in Malta. More on this topic can be discussed with our specialists in immigration in Malta.
10. What is the timeframe for getting the Maltese passport?
The Maltese passport can be obtained relatively fast if all the investment requirements are respected. Once the Golden passport is granted, the citizenship application can start.
Foreigners interested in Malta passport by Investment or Malta citizenship can contact our team of immigration attorneys in Malta.