Become a Citizen of Malta
In recent years, High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs) have sought options to obtain a second passport. Global Citizenship programs were initially intended to address that demand, and over the years their popularity has grown.
In this day and age, however, it is no longer an option for just 1% of the population. As more global and economic instability develops, individuals are increasingly seeking to relocate or find dual citizenship opportunities.
Whether you are a single individual, a young married couple, a family, retirees or professionals, such programs open up a world of possibilities and secure your future, provided that you are prepared to make the necessary financial contributions and investments.
The purpose of this article is to provide guidance to those individuals who are interested in obtaining second citizenship while gaining a better understanding of the application process of becoming a citizen of Malta.
Why Acquire Maltese Citizenship?
If you find yourself reading this article, then you have already contemplated obtaining a second citizenship. Now you must decide which passport is right for you?
With a number of countries offering the option of a second citizenship program, why should you consider Maltese nationality?
Several factors make relocating to this idyllic island an easy decision. For starters, Malta is located in the heart of the Mediterranean Sea, and this means that its citizens enjoy one of the best climates in the world. The winters are mild, with the temperature rarely dropping below 9°C and the summers are hot, with average temperatures around 32°C. What’s more, is that Malta experiences over 300 days of sunshine per year!
Malta has been an EU member state since 2004 and has garnered a reputation as being one of the safest and secure places in the world. The islands have a 0.57% chance of facing a natural disaster and the lowest crime rates across the globe. Additionally, two factors which add to Malta’s appeal are the high economic and political stability.
Maltese Citizenship by Investment grants both short-term and long-term benefits;
- Citizenship in a well-respected, economically and politically stable EU country;
- Right to the settlement in all 27 EU countries as well as Iceland, Liechtenstein, Norway and Switzerland;
- Freedom to travel to 183 countries including the USA, Canada and Australia;
- Citizenship status that is inherited by future generations;
- Right to own a second home in Malta.
It is worth noting that the Malta Citizenship by Investment Program is the only program that allows visa-free access to all six English-speaking countries, including the United States of America.
Related: Discover Malta
Steps to Become a Citizen of Malta
Malta forms not only part of the European Union (EU), but also the Schengen area.
The entire process of applying for Maltese Citizenship is a rigorous one and usually takes around 12 months to complete.
The initial stage of this process involves the submission of an e-Residence Application. It concludes with the issuance of a certification of Naturalisation.
Step 1 - Eligibility Criteria and Documentation
Nexia BT assures eligibility of the applicant and takes care of the documentation and preparation of all the required documents.
Step 2 - Residency Permit
An application for the residency permit is submitted to begin the 12-month residence in Malta requirement for citizenship. Your physical presence is required for the scope of biometrics.
Step 3 - Application Submission
Once you obtain Malta Police Approval, the subsequent stage involves Initial Background Checks, Compliance Approval and an exhaustive Due Diligence Process. The application is presented to the Malta Individual Investor Programme Agency (MIIPA) together with the fees due.
Step 4 - Application Process
Contingent on further investigative due diligence, the MIIPA establishes whether the documentation presented is adequate, following a 120-day review period. After the due diligence process is completed, an approval letter is issued by MIIPA.
Step 5 - Contribution Fees Settlement
A formal request is issued whereby the candidate is obligated to settle the contribution (fees mentioned below) within 20 working days.
Step 6 - Investment Requirements
In this stage, the applicant has to produce evidence of health insurance, genuine links, qualifying property investment and portfolio investment.
Step 7 - Oath of Allegiance
Once all the IIP requirements are met, the applicant and the dependents will be invited to take an Oath of Allegiance in Malta.
Step 8 - Certificate of Naturalisation and Maltese Passport Application
Issued by the Government of Malta, the processing of the Certificate of Naturalisation and Maltese Passport mark the final stage of the IIP process.
How much does Malta Citizenship Cost?
The Malta Individual Investor Program (IIP) has a specific fee structure.
You are not expected to pay the full amount in one go.
Malta Citizenship Investment Requirements (Costs)
|Property Requirements (Qualifying Property)||
|Investment Requirements (Qualifying Investments)||
Benefits of Becoming a Citizen of Malta
Investing in Maltese Citizenship grants both immediate and long-term benefits.
Freedom of capital and income movements;
Benefit from the tax-efficient system on a personal and corporate basis;
Freedom to unlimited access to the EU, the world’s largest economic zone; and
Build your business in the EU’s fastest-growing economy.
Relax in one of the safest countries in the world;
Access to leading health care institutions;
Ensure your children’s future through a world-class education system; and
Protect your family legacy by passing on citizenship to future generations through inheritance.
Citizenship in a reputable, economically and politically stable EU country;
Freedom to travel to 183 countries including the USA, Canada and Australia;
Right to settlement in all 27 EU and 4 EEA member states; and
Right to own a second home in Malta, in a stable and booming real estate market.