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Citizenship in Malta via IIP

Malta has recently set up an Individual Investor Programme (IIP), whereby an individual of reputable standing may invest an amount of money in the State to become naturalised as a citizen of Malta, subject to strict due diligence tests and investigations.

Requirements of IIP

Malta is seeking to attract reputable individuals who will be a good influence on the state and who will raise the profile of Malta. The IIP will require an individual to make a contribution in the amount of €650,000 to the State, which will be invested in the economic and social well-being of the community. The individual would also be required to invest in immovable property, where in the case of a purchase, the property should be of a minimum of €350,000 and in the case of a lease, the latter should be for a minimum of €16,000 per year. Such immovable property shall be retained for a period of at least 5 years and may not be let or sub-let. The individual would also be required to invest in approved stocks, bonds, debentures or special purpose vehicles of a minimum amount of €150,000, which investment must be retained for a period of 5 years. The total investment that such an individual would be required to make for himself is therefore 1.15 million. In addition to this, an applicant would be required to show proof of residence in Malta for at least twelve months prior to becoming naturalised as a citizen of Malta. In the case that such individual wishes to extend the scheme to a spouse and/or child/ren, an additional €25,000 per spouse and per child, under the age of 18 years. The individual would be required to pay an additional €50,000 for any dependant parent aged 55 years and over and the same amount for any child between the ages of 18 to 25 years of age. Individuals who take up citizenship in Malta may keep their own citizenship, thereby having dual citizenship; however, advice has to be sought in the individual’s country of origin to determine the matter further.

Procedure of IIP

In order for an individual to participate in the IIP, a strict due diligence process shall be carried out and individuals participating in the IIP, although not required to reside in Malta shall be required to visit Malta to issue their biometric passport. An entity has been established known as Identity Malta to collect the applications of individuals interested in participating in the IIP. This entity will be responsible for checking the application forms and the supporting documents. This entity will then do further due diligence checks on the prospective individuals, through the police, international security agencies and will request the written approval of the Ministry of Foreign Affairs. Once the letter of approval has been issued by the same, the contribution made by the prospective individual to the state will be deposited in the National Development Fund. This process will normally take between 6 to 24 months.

Integritas Corporate-Services Ltd is an entity authorised to submit application forms, for the Individual Investor Programme, to Identity Malta through its accredited persons. 

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