Maltese Individual Investor Program (Malta IIP)

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Malta has recently introduced the Maltese Individual Investor Program (Malta IIP) which will allow applicants and their dependents to obtain a Maltese citizenship. The programme is aimed at high net worth individuals who are able to buy/rent a property, contribute to the National Development and Social Fund and invest in government securities.

Terms of the Maltese Individual Investor Program

In order to qualify for citizenship, the main applicant must:

  • Buy a property in Malta with a minimum value of EUR 350,000 and be held for 5 years; or
  • Lease a residential property in Malta with an annual rent of at least EUR 16,000 for a minimum of 5 years; or
  • Make a contribution to the National Development and Social Fund. The contribution is set at EUR 650,000 for the main applicant and EUR 25,000 for spouses and dependants under 18; or
  • Invest in stocks, bonds or special vehicles. Special vehicles must be identified by Identity Malta and must be for a minimum value of EUR 150,000 and be held for a minimum of 5 years

In addition, you will need to demonstrate that you have maintained residence in Malta for 12 months. Maltese law defines residence as “an intention to reside in Malta for any fiscal year, usually evidenced by a stay of a minimum of 183 days or by the purchase / rental of property together with a visit to Malta”. So you don’t need to be in Malta for the whole period if you don’t want to.

How does this help me?

Having a European passport will mean that you are able to travel freely within the EU and have fewer restrictions placed on you when visiting non-EU countries.

Many other EU countries have a longer waiting period for citizenship and require you to be in the country for the majority of the time, much like British citizenship.

 

Author

Founder and Managing Director Anne Morris is a fully qualified solicitor and trusted adviser to large corporates through to SMEs, providing strategic immigration and global mobility advice to support employers with UK operations to meet their workforce needs through corporate immigration.

She is a recognised by Legal 500 and Chambers as a legal expert and delivers Board-level advice on business migration and compliance risk management as well as overseeing the firm’s development of new client propositions and delivery of cost and time efficient processing of applications.

Anne is an active public speaker, immigration commentator, and immigration policy contributor and regularly hosts training sessions for employers and HR professionals

About DavidsonMorris

As employer solutions lawyers, DavidsonMorris offers a complete and cost-effective capability to meet employers’ needs across UK immigration and employment law, HR and global mobility.

Led by Anne Morris, one of the UK’s preeminent immigration lawyers, and with rankings in The Legal 500 and Chambers & Partners, we’re a multi-disciplinary team helping organisations to meet their people objectives, while reducing legal risk and nurturing workforce relations.

Legal Disclaimer

The matters contained in this article are intended to be for general information purposes only. This article does not constitute legal advice, nor is it a complete or authoritative statement of the law, and should not be treated as such. Whilst every effort is made to ensure that the information is correct at the time of writing, no warranty, express or implied, is given as to its accuracy and no liability is accepted for any error or omission. Before acting on any of the information contained herein, expert legal advice should be sought.

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