Malta Golden Passport & Malta Golden Visa - Opening Doors to EU Citizenship & Residency

    Malta Golden Passport & Malta Golden Visa - Opening Doors to EU Citizenship & Residency

    Malta Golden Passport & Malta Golden Visa

    Malta, one of the smallest island nations is nicely tucked between South of Sicily and North Africa. It not only is a European Union member state but also forms part of the Schengen Area.

    Malta’s prime location in the centre of the Mediterranean Sea along with its picturesque views, rich cultural heritage and more than 300 days of sunshine draws people from all corners of the world to make it their forever home. 

    One must have come across terms like ‘Golden Passport’ or ‘Golden Visa’ while considering second/dual citizenship or residency and wondered what they actually mean. 

    Golden Passport and Golden Visa are terms which are normally linked to other countries’ Citizenship and/or residency programs. The official nomenclature for the relocation programs offered by Malta are ‘The Malta Individual Investor Program’ (MIIP) for the citizenship and ‘The Malta Residence and Visa Program’ (MRVP) for the residency.

    We at Nexia BT thought to make it simpler and refer to the Maltese citizenship and residency programs as the Malta Golden Passport or Malta Golden Visa respectively and explain what it means and how it can open doors to EU citizenship & residency.

    In this article, we will discuss:

      • What are the Malta Golden Passport & Malta Golden Visa?
      • Benefits of Malta Golden Passport and Malta Golden Visa;
      • Malta Golden Passport Requirements and Eligibility;
      • Malta Golden Visa Requirements and Eligibility;
      • Malta Golden Passport (Malta Passport by Investment) Cost;
      • Malta Golden Visa (Malta Residence and Visa Program) Cost;
      • Why Choose Malta?
      • Why Nexia BT as your Relocation Services Advisor?

    Residence or citizenship? A brief comparative study of Malta Residence and Citizenship by investment programmes.
     

    What are the Malta Golden Passport & Malta Golden Visa?

    • The Malta Golden Passport points to the Malta Individual Investor Program (Malta Citizenship by Investment) through which eligible individuals and families can acquire Maltese citizenship and relocate themselves and their business affairs to a European country.
    • Whereas, the Malta Golden Visa points to the Malta Residence and Visa Program (Malta Residence by Investment) which gives an opportunity of Permanent Residence in Malta to Non-EU citizens along with free movement within the 26 Schengen countries in line with the allowable time frames under the Schengen Agreement.
       

    It is important for us to state that both the terminologies, Malta Golden Passport & Malta Golden Visa are marketing references and not the actual official terms used for MIIP & MRVP.

     

    Nexia BT is accredited to represent applicants under Residency and Citizenship programs. Additionally, Nexia BT is a Government appointed official concessionaire for the MRVP in the Middle East. Our dedicated team of experts can assist you at every step of the way.

    Contact Us

     

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    Benefits of Malta Golden Passport and Malta Golden Visa

    The Malta Golden Passport would grant,

    • Business opportunities in one of the European Union’s fastest-growing economies;
    • Citizenship of a well-respected, economically and politically stable EU country;
    • Visa-free travel to 182 countries including the US, Canada and Australia;
    • Right to own a second home in Malta;
    • Family legacy protection by passing on citizenship to future generations. Even if they are born outside of Malta they can attain citizenship by descent;
    • Possibilities to opt to live, work, study and set up business in all the 28 EU states along with Iceland, Norway, Switzerland and Liechtenstein;
    • Gain settling rights in the following European countries;
    Europe
    Albania-Flag(1)
    Albania
     
    Andorra-Flag(1)
    Andorra
     
    Austria
     
    Belarus-Flag(1)
    Belarus
     
    Belgium-Flag(1)
    Belgium
     
    Bosnia-and-Herzegovina-Flag(1)
    Bosnia & Herzegovina
     
    Bulgaria-Flag(1)
    Bulgaria
     
    Croatia-Flag(1)
    Croatia
     
    Cyprus-Flag(1)
    Cyprus
     
    Czech-Republic-Flag(1)
    Czech Republic
     
    Denmark-Flag(1)
    Denmark
     
    Estonia-Flag(1)
    Estonia
     
    Faroes-Flag(1)
    Faroe Islands
     
    Finland-Flag(1)
    Finland
     
    France-Flag(1)
    France
     
    Germany-Flag(1)
    Germany
     
    Gibraltar-Flag(1)
    Gibraltar
     
    Greece-Flag(1)
    Greece
     
    Greenland(1)
    Greenland
     
    Hungary-Flag(1)
    Hungary
     
    Iceland-Flag(1)
    Iceland
     
    Ireland-Flag(1)
    Ireland
     
    Italy-Flag(1)
    Italy
     
    Kosovo(1)
    Kosovo
     
    Latvia-Flag(1)
    Latvia
     
    Liechtenshein-Flag(1)
    Liechtenstein
     
    Lithuania-Flag(1)
    Lituania
     
    Luxembourg-Flag(1)
    Luxembourg
     
    Macedonia-Flag(1)
    Macedonia (FYROM)
     
    Moldova-Flag(1)
    Moldova
     
    Monaco-Flag(1)
    Monaco
     
    Montenegro-Flag(1)
    Montenegro
     
    Netherlands-Flag(1)
    Netherlands
     
    Norway-Flag(1)
    Norway
     
    Poland-Flag(1)
    Poland
     
    Portugal-Flag(1)
    Portugal
     
    Romania-Flag(1)
    Romania
     
    San-Marino-Flag(1)
    San Marino
     
    Serbia-Flag(1)
    Serbia
     
    Slovakia-Flag(1)
    Slovakia
     
    Slovenia-Flag(1)
    Slovenia
     
    Spain-Flag(1)
    Spain
     
    Sweden-Flag(1)
    Sweden
     
    Switzerland-Flag(1)
    Switzerland
     
    Ukraine-Flag(1)
    Ukraine
     
    United-Kingdom-Flag(1)
    United Kingdom
     
    Vatican-City-Flag(1)
    Vatican City
     

     

    Eligibility may also be extended to your dependents including spouse or partners in a relationship, children and grandparents under specific terms.

    Whereas, the Malta Golden Visa would grant,

    • A Malta residence permit to the main applicant and their family;
    • Visa-free travel within 26 Schengen countries;

      SCHENGEN COUNTRIES
      Austria-Flag(1) Austria Hungary-Flag(1) Hungary Portugal-Flag(1) Portugal m_europe
      Czech-Republic-Flag(1) Czech Republic Iceland-Flag(1) Iceland Slovakia-Flag(1) Slovakia
      Denmark-Flag(1) Denmark Italy-Flag(1) Italy Slovenia-Flag(1) Slovenia
      Estonia-Flag(1) Estonia Lithuania-Flag(1) Lithuania Spain-Flag(1) Spain
      Finland-Flag(1) Finland Luxembourg-Flag(1) Luxembourg Sweden-Flag(1) Sweden
      France-Flag(1) France Netherlands-Flag(1) Netherlands Switzerland-Flag(1) Switzerland
      Germany-Flag(1) Germany Norway-Flag(1)  Norway liechtenstein(1) Liechtenstein
      Greece-Flag(1)  Greece Poland-Flag(1) Poland    
    • The right to reside, settle and stay indefinitely in Malta;
    • The ability to apply for Long Term Residence status and naturalisation as a Maltese citizen after a certain period of residence in accordance with the citizenship laws of Malta;
    • The possibility for the main applicant and their spouse/partner to add additional dependants not originally included in the initial application subject to an additional contribution and successful due diligence checks;
    • The possibility for children of the main applicant and/or their spouse/partner who marry, to add their spouse/partner and any direct dependants subject to an additional contribution and successful due diligence checks;
    • The possibility of applying for a work permit under a separate process; and
    • The possibility of tax benefits under the Global Residence Program.

     

    Our team of professionals can help you at every step in obtaining your Malta residency or citizenship.

    Contact Us

     

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    Related: Discover Malta

     

    Malta Golden Passport Requirements and Eligibility

    Requirements - The Main applicant must

    • Be 18 years of age or older;
    • Provide proof of established genuine links with Malta including residency over at least 12 months preceding the day of the issuance of the certificate of naturalisation;
    • Commit to making a sizeable contribution to the National Development Social Fund;
    • Commit to investing in qualifying securities; and
    • Commit to holding a qualifying property.
     

    Eligibility Criteria for Malta Golden Passport (MIIP)

    Through this program, the government of Malta intends to attract ONLY individuals of the highest standards. Therefore, everyone eligible will be subject to strict due diligence scrutiny and are expected to:

    • Have a clean criminal record;
    • Have never been refused a visa to a country with which Malta has visa-free travel arrangements; and
    • Not be considered 
      • a potential national security risk; 
      • to have a reputational risk; and/or 
      • is subject to criminal proceedings.

     

    Our professional team of experts can support you at every step in acquiring your Malta residency or citizenship.

    Contact Us

     

    Related: Buying a Property in the Special Designated Area in Malta.

     
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    Malta Golden Visa Requirements and Eligibility

    Requirements - The main applicant 

    • Must be 18 years of age or older;
    • Must have a certification of good health from a reputable health care system;
    • Must have an annual income of not less than €100,000 arising outside of Malta or have a global net worth in excess of €500,000; and
    • Must commit to investing in qualifying securities; and
    • Must commit to holding a qualifying property.

    Eligibility Criteria for Malta Golden Visa (MRVP)

    Through Malta Golden Visa, third-country nationals i.e. Non Maltese, EU, EEA OR Swiss Nationals can take up Malta residency by investment.

    The Government of Malta aims to invite only people of the highest standards through MRVP. Therefore, everyone who intends on applying will be subject to due diligence scrutiny and are expected to have:

    • A clean criminal record;
    • Not be deemed a possible national security risk, have a reputational risk or is subject to criminal proceedings; and
    • Be in possession of valid travel documents.

     

    Our team of professionals can help you at every step of the way.

    Contact Us

    Malta Golden Visa Requirements and Eligibility

     

    Malta Golden Passport (Malta Passport by Investment) Cost

    The MIIP program has a defined fee structure. The entire amount is not required to be settled at once.

     

    Contribution Fees*

    Main Applicant €650,000
    Spouse and each child below the age of 18 €25,000
    Each dependent parent aged 55 or older and
    each unmarried child aged between 18 and 26
    €50,000
     
    (*) - Only € 10,000 of the above fees are payable upon submission of the application, with the rest payable only after receipt of the Letter of Approval.

     

    Due Diligence Fees (Payable to authorities)

    Main Applicant

    €7,500
    Spouse, adult Children and Parents €5,000
    Children aged between 13 and 18 €3,000

     

    Passport Fees and Bank Charges

    Passport € 500 per person
    Bank charges € 200 per application

     

     All large amounts are paid after the Letter of Approval in Principle is received.

    This makes the Malta IIP a fair process with minimal investment risk.

    For Detailed Payment and Fee Timeline (The Malta Individual Investor Programme) Click here.

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    Malta Golden Visa (Malta Residence and Visa Program) Cost

    Contribution to the Government of Malta

    • Applicants are required to contribute €30,000 (€5,500 of which are payable upon application) to the government of Malta upon the approval of the application. This covers themselves, their spouse/partner and any economically dependent children. Other adult dependants (e.g. parents and grandparents) each have to pay an additional €5,000 upon approval of the application.

    Property Purchase or Rental (Qualifying Property)

    • Applicants are required to make a commitment to buy a property in Malta for a minimum investment of €320,000 (€270,000 – Gozo / south of Malta) or rent a property with a minimum investment of €12,000 per year in Malta (€10,000 – Gozo / south of Malta) in both cases, for a minimum of five years.

    Qualifying Investment

    • Upon approval of the application, the main applicants are required to invest €250,000 in approved instruments, typically government approved bonds, to be held for five years.

     

    Learn more in detail about Payment and Fee timeline for the Malta Residence and Visa Programme here.

     

    Our dedicated team of experts can help you at every step of the way for obtaining your Maltese citizenship or Residency.

    Contact Us

     

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    Why Choose Malta?

    • Republic island in the heart of the Mediterranean;
    • Political and Economic stability;
    • Excellent business opportunities;
    • 2nd safest country worldwide (World Risk Report 2018);
    • European Union's fastest-growing economy;
    • Commonwealth member state;
    • Member of the EU since 2004;
    • Part of the Schengen Area since 2007;
    • Euro as base currency;
    • Top of the class health care services;
    • One of the best educational systems; and
    • Constantly voted as the most favourable climate in the world.

     

    To know more about your relocation options,

    Contact Us

     

    Written By
    Yashica K. Pathak
    Editorial Content Manager
     
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    Why Choose Nexia BT?

    Nexia BT is a leading firm providing a wide range of services in the financial sector to corporate and private clients.

    We pride ourselves in having worked closely with large international companies and high-net-worth individuals. This experience allows us to help our clients achieve their maximum financial results in business.

    Nexia BT specialises in the development and maintenance of various business structures for corporate entities as well as private HNWI and UHNWI clients together with residence and immigration planning. Nexia BT is accredited by the government of Malta for various residency and citizenship programmes.

    Through our highly qualified professionals within our legal, audit, tax and advisory departments, we offer a personalised, holistic solution for every client. The International Client Services unit includes Russian, Mandarin and French-speaking executives who are familiar with the characteristics and requirements of foreign markets.

    Nexia BT - your reliable partner in Malta.

     

    Key Contact

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    Karl Cini
    Partner 
    Tax and International Client Services

    karl.cini@nexiabt.com
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