The Malta Individual Investor Programme
Besides a number of residency programmes, Döhle Malta can assist investors in obtaining a Maltese passport through The Malta Individual Investor Programme.
Malta, which is one of few countries within the European Union that withstood the recent financial turmoil that shook European banks and economies to their very core, has continued to solidify its growing reputation as a progressive financial services jurisdiction and has developed and launched its own highly attractive Citizenship by Investment Programme.
The Malta Individual Investor Programme was launched by the government of Malta in 2013 and is the only programme of its kind that is approved by the European Commission. During the past few months significant interest has been registered and a considerable number of applications have been received from individuals keen to participate in this programme which was designed by the government of Malta so as to target and attract persons of repute and of quality to Malta.
The programme is managed by Identity Malta, a government agency which is committed to ensuring that all applicants are persons of repute and quality through the application of a thorough and comprehensive due diligence process. The law provides for a processing time for an application of between 6 and a maximum of 24 months to complete. The Programme is capped to 1,800 successful applicants.
The Malta Individual Investor Programme requires an individual to make a minimum investment of circa. €1.15million which breaks down as follows:-
- a non-refundable monetary contribution of €650,000. An additional contribution may be due in respect of dependents included on the application, such additional contribution would be of €25,000 for each of his spouse and per child under the age of 18. In the case of children between the age of 18 and 25 or dependent parents over the age of 55 years an additional contribution of €50,000 per dependent is required
- Acquire residential immovable property worth not less than €350,000 or rent residential immovable property for not less than €16,000 annually. The immovable property must be kept for a minimum of five years
- Invest €150,000 in government bonds or shares
- Be a resident of Malta for one year before acquiring citizenship
The Programme is considered to be very attractive as it provides investors with the opportunity to participate in a European country which is fast becoming the jurisdiction of choice for multinational companies and entrepreneurs looking for a hub from which to do business both within the EU and beyond. As Maltese citizens such individuals would enjoy the right to freedom of establishment in all 28 European Union countries and Switzerland as well as Visa free travel to more than 160 countries worldwide including the USA.