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CITIZENSHIP BY INVESTMENT – The Programme

CITIZENSHIP BY INVESTMENT – The Programme

The Malta Individual Investor Programme (“MIIP”) is widely recognised as on of the most successful citizenship-by-investment programmes in the world as it offers candidates of high net worth and good repute the luxury of visa-free travel to over 160 countries, including all Member States of the European Union and Canada.

The MIIP is the first of its kind to be recognised by the European Commission and in order to maintain these high standards, persons who get accepted into this programme must pass through several gateways to ensure that the stellar reputation of the Maltese passport is not compromised in any manner.

Qualifications and General Requirements

1) Age: All applicants must have achieved at least 18 years of age.

2) Contributions – A main applicant is required to make the following contributions:

  • National Development and Social Fund: €650,000
  • Real Estate – Applicant to choose 1 of the following 2 options:

i.Letting Option: A residential property must be leased for a minimum period of 5 years at a minimum annual lease payment of €16,000 OR
ii.Purchasing Option: A residential property must be purchased which is valued at not less than €350,000 and may not be sold before 5 years from the date of purchase

  • Government Securities: €150,000.

3) Residence Status: All candidates must show that they have created a ‘genuine link’ with Malta. Citizenship is granted 12 months after the issuance of the residence card and proof of such genuine link.

4) Insurance: All applicants must provide evidence that they and their dependants are covered by a global health insurance policy with a minimum coverage of €50,000. Furthermore, proof must be shown that all candidates are able to maintain this policy for an indefinite period.

5) Due Diligence: All aspirants are asked to provide proof that they are ‘fit and proper’ to become Maltese citizens through the positive result of a rigorous due diligence process.

Eligibility Criteria

Disclaimer:
This section’s purpose is to show the level of standards related to eligibility criteria and does not comprehensively show each and every instance that may exclude an applicant from being given citizenship. Thus, it is strongly encouraged that any known aspect which may impinge on the eligibility of the applicant or his/her dependents is clarified from the very beginning of the application process.

Apart from the aforementioned requirements, other criteria must be fulfilled for an applicant and his dependents to be considered for Maltese citizenship. With a view of maintaining the integrity of this programme as well as of the island itself, detailed background checks on applicants and dependents aged 12 and over are carried out and a clean police conduct certificate is considered mandatory. Thus, applicants and dependents that have been indicted before an international Criminal Court or those that are under investigation by INTERPOL do not qualify for Maltese citizenship.

Candidates who at any time were charged with certain crimes such as money laundering, terrorism, funding of terrorism, crimes against humanity, war crimes, crimes that infringe fundamental human rights, crimes that are punishable by imprisonment for a term exceeding 1 year (excluding involuntary offences), and crimes that disturb the good order of the family (including offences such as defilement of minors and violent indecent assault) are equally ineligible.

In addition to this, Identity Malta or any other relevant institution has the right to discard an application of the aspirant or any of his or her dependents if the former or the latter are considered to be a potential threat to national security, if false information has been given, or in the event that the applicant or his or her dependents have been part of activities that are likely to tarnish Malta’s reputation and bring it to disrepute.

Finally, applications may also be unaccepted if the applicant has been denied a visa to a state with which Malta has a visa-free travel agreement. However, in this particular case it is at Identity Malta’s discretion whether or not to process the application anyway as if the former is satisfied with the worthiness of the candidate, he or she can still be considered for approval.

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