Located in the Mediterranean, just south of Sicily, Malta offers all of the advantages of being a full member of the EU and English is one of its two official languages.
Malta’s economy has enjoyed large growth since joining the EU and the forward-thinking Government actively encourages new business sectors and technologies.
Malta Permanent Residence Programme
An individual must choose between two investment options:
Option 1: Rent a property and pay the full contribution
Pay the €40,000 non-refundable administrative fee;
AND Rent a property with a minimum annual rental of €12,000 per year (€10,000 if the property is situated in Gozo or the south of Malta);
AND Pay the full Government contribution of €58,000;
AND Make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport of animal welfare NGO registered with the Commissioner of Voluntary Organisations.
Option 2: Purchase a property and pay a reduced contribution:
Pay the €40,000 non-refundable administrative fee;
AND Purchase a property with a minimum value of €350,000 (€300,000 if the property is situated in Gozo or the south of Malta);
AND Pay the reduced Government contribution of €28,000;
AND Make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport of animal welfare NGO registered with the Commissioner of Voluntary Organisations.
An additional Government contribution of €7,500 is required for each additional adult dependent (excluding the spouse) included in the application.
Additional Criteria, relating to the Malta Permanent Residence Programme. In addition, an applicant must:
Be third country nationals, non-EEA and non-Swiss.
Not currently taking advantage of any other Maltese Residence Programme.
Show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets.
In possession of a private health insurance policy to cover all risks across Malta.
The Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment
Under the new regulations, applicants can opt for residence in Malta, leading to citizenship choosing between these options:
- application after three years of residence in Malta, for a lower contribution; OR
- application for citizenship after one year of residence in Malta.
- Direct Investment
Applicants who can prove residency status in Malta for 36 months prior to the naturalization, are required to make a direct investment of €600,000 whilst applicants who prove a residency status in Malta for at least 12 months are required to make an exceptional direct investment of €750,000.
If the applicants are accompanied by qualifying dependants, a further investment of €50,000 per dependant is to be made.
An applicant cannot apply for a certificate of citizenship by naturalisation for exceptional services, before he/she has proved that he/she has become a resident of Malta for the minimum period required.
Philanthropic Donation
Prior to the issue of a certificate of Maltese citizenship, the applicant must donate a minimum €10,000 to a registered philanthropic, cultural, sport, scientific, animal welfare or artistic non-governmental organisation or society, or as otherwise approved by the Agency.
Property Investment
Once an applicant is approved and prior to the issue of a certificate of Maltese citizenship, the application must either purchase or rent residential property in Malta. If the applicant opts to purchase a property, an investment of at least €700,000 must be made. An applicant may alternatively take a lease on a residential immovable property in Malta, for a minimum annual rent of €16,000. The applicant must retain the property for at least 5 years from the date of the issue of the certificate of Maltese citizenship.
ADDITIONAL CRITERIA:
All individuals interested in applying for this programme, are required to do so through a registered approved agent, who will be acting on behalf of the client in all matters related to the Application for Eligibility and Application for Citizenship.
Eligibility Criteria for Applicants
The Malta government aims to attract people of the highest calibre through the Malta Citizenship by Direct Investment and grant them Maltese residence, following a rigorous due diligence process and adherence to strict criteria.
To be eligible for the Malta Citizenship by Direct Investment, an applicant must meet a number of criteria:
Quota: it is important to note that a maximum quota of 400 applicants per year will be accepted with a total maximum number of applicants set at 1,500 for the entire scheme.
Speak to our relocation expert, Leana Nel