Malta Individual Investor Program (MIIP). The MIIP is a modern citizenship-by-investment program aimed at ultra-high net worth individuals and families worldwide. It offers citizenship in a stable EU member state that is neutral and highly respected. The program also provides an efficient application process that adheres to the world’s strictest due diligence standards and vetting of applicants, which ensure that only the most suitable clients are admitted.
The Maltese archipelago lies virtually at the center of the Mediterranean and consists of three islands: Malta, Gozo and Comino, with a total population of over 400,000 inhabitants occupying an area of 316 km2. Malta is the largest island and the cultural, commercial and administrative center. Gozo is the second largest island and is more rural, characterized by fishing, tourism, crafts, and agriculture. The national language is Maltese, but the official languages of the country are both Maltese and English. Malta has an excellent climate, friendly people, a very low crime rate and is neutral, stable and safe.
In 1964, after more than 160 years of British rule, Malta gained independence. In 1974 Malta became a republic with a parliamentary democracy system and a constitution. Malta has been an EU member since 2004 and a member of the Schengen area since 2007.
The MIIP requires a person to make an economic contribution to the country. In exchange, and subject to a very thorough application procedure including detailed due diligence and background verification checks, the applicants and their families are granted full citizenship. To qualify for citizenship, the main applicant must be over 18 years of age, meet all the application conditions, make a non-refundable contribution to the National Development and Social Fund, and meet certain other requirements. The contribution requirements are as follows:
- For main applicants, a contribution of EUR 650,000
- An additional contribution of EUR 25,000 is required for a spouse and for each child under the age of 18
- The application may include children between the ages of 18 and 26 years if they are financially dependent on the main applicant and are not married; in such cases, the additional contribution is set at EUR 50,000 for each dependent
- Parents over the age of 55 may also be included in the application as dependents, if they are living with and are fully supported by the main applicant. In such cases, an additional contribution of EUR 50,000 per person is required
This process will take up to 6 months to maximum 2 years.
Benefits of Malta Citizenship:
- There are no restrictions on dual citizenship in Malta.
- Citizenship of a well-respected and stable EU country
- Reasonable contribution and efficient application process
- World’s strictest due diligence standards and vetting of applicants, thus ensuring only the most suitable applicants will be admitted
- Visa-free travel to 183 destinations
- EU citizenship gives right of establishment in all 28 EU countries and Switzerland
- Malta is an attractive place to live or to own a second home and is strategically located with excellent air links