Malta Citizenship by Investment Programme
The Malta Citizenship by Investment Programme (also known as the Malta Individual Investor Programme, MIIP) awards the applicant, and any family members on the application, Maltese Citizenship for life. The Malta Citizenship by Investment process takes 12 months from the approval of Malta residence.
As Malta Residency experts and IIP accredited agents, we will guarantee that you, and your family, are provided with the best possible support and advice throughout the application and naturalisation process.
Malta’s Citizenship by Investment Programme explained by the Managing Director of Papilio Services
Benefits of a Malta Passport
- The Malta passport is the 7th strongest in the world. It offers visa-free or visa-on-arrival travel to 182 destinations including Canada, US and the EU.
- It offers the right to live, work, and study in any of the 28 EU countries and Switzerland.
- Malta has a stable political, social and economic environment.
- Malta is located strategically with prime international flight and sea connections.
- English speaking environment.
- Malta is home to world-renowned healthcare and educational facilities.
- Malta’s tax structure is designed to appeal to high net worth individuals their families.
- Malta has double-taxation agreements with over 70 countries worldwide.
Requirements for Malta Citizenship
Successful applicants to the Malta Individual Investor Programme must meet all the application requirements. The main applicant of the MIIP must:
- Be a least 18 years of age;
- Be fit and proper with no criminal record (a due diligence exercise is carried out by the Maltese Inland Revenue Department before the granting of the residency status);
- All applicants must be covered by a global health insurance policy (minimum cover of €50,000);
- Contribute €650,000 to the Malta National Development and Social Fund;
- Provide evidence of title to a residential property in Malta (a minimum of €16,000 annual rent or €350,000 purchase value);
- Have been a legal resident of Malta for 12 months before the issue of the certificate of naturalisation;
- Invest a minimum of €150,000 in local investments and hold these for a minimum of 5 years.
For more detailed information on these requirements, please visit our Malta IIP Eligibility page.
What is the Application Process for the Individual Investor Programme?
Submissions for the MIIP goes through a Maltese Authorised Registered Mandatory. Thomas Jacobsen, the Managing Director of Papilio Services, is an Accredited Person for Malta IIP. Identity Malta (a government institution) will then process the application and offer citizenship if successful.
Step 1: You must acquire a place in Malta to live in (usually temporary rented accommodation). After receiving an address in Malta, you must file, in person, an application for a residence permit in Malta.
Step 2: You must now complete and apply for naturalisation as a citizen of Malta in person (accompanied by the applications for any dependents). Identity Malta will perform initial checks and issue an acknowledgement.
Step 3: Identity Malta will process the application(s) and, if accepted, issue a letter of approval in principle together with an invoice for the balance of the contribution to the National Development and Social Fund.
Step 4: Within four months from the date of the letter of approval in principle, you must prove that you have fulfilled your contractual undertakings. These undertakings include the property, local investment and health insurance requirements.
Step 5: The certificate(s) of naturalisation will, if all relevant requirements have been satisfied, be issued 12 months after the date on the residence permit. Maltese passport(s) can subsequently be issued.
For more detailed information on the application process, please visit our Malta IIP application process page.
What are the Fees for Malta Citizenship by Investment Program?
When considering the merits of applying for Malta Citizenship, you should be aware of the relevant application fees.
These are the three main fees to consider; Contribution to the National Development and Social Fund, Due Diligence Fee’s and Passport and Bank Fee’s.
|Children under the age of 18||€25,000 each||€3,000|
|Unmarried children between the age of 18 and 26||€50,000 each||€5,000|
|Dependent Parent or Grandparent over the age of 55||€50,000 each||€5,000|
Passport and Bank Fee’s
Passport fee: €500 per person
Bank charges: €200 per application
A non-refundable €5,000 is payable on applying for a residence permit, and another non-refundable €5,000 is payable on applying for naturalisation as a citizen of Malta. The deposits are offset against the primary applicant’s contribution.
For more detail, please continue to our Malta IIP fees page to find out all you need to know before the start of the Malta Citizenship by Investment Programme.
We are approved IIP Agents, authorised to offer the Malta Citizenship by Investment Programme
Malta Citizenship by Investment FAQ’s
From our experience advising applicants to the Individual Investor Program, we find that there are many questions that investors have. Find below the most commonly asked questions regarding Malta Citizenship and the Malta tax implications. If you have any questions that arn’t mentioned, please don’t hesitate to contact us.
How Long Does the Process Take?
The whole process from Residence Application to the Naturalisation and receiving of Malta passports, should be completed within two years.
Who Can Process My Application for Malta Citizenship?
The Malta Individual Investor Programme applications can only be submitted to Identity Malta through the services of an accredited person. As an approved agent in Malta, Thomas Jacobsen (Managing Director of Papilio Services) can assist you and your family with any residency matters.
Could I Get Denied/ Rejected for Malta Citizenship?
In simple terms, yes. Malta Citizenship by Investment is a very exclusive programme designed to only accept the best individuals into Malta. However, this typically only occurs if the applicant:
- Has a criminal record
- Is a threat to national security
- Submits a false application
- Uncertain or illegitimate source of wealth
- Has be rejected or denied a visa by a country with ties to Malta.
This is why we suggest choosing an Approved Agent who does clear and ethical due-dillegence on their client before the application takes place.
Does Malta Grant Duel Nationality?
Yes. Part IV, Article 7 of the Maltese Citizenship Act states “It shall be lawful for any person to be a citizen of Malta, and at the same time a citizen of another country”.
What are the Malta Income Tax Rates?
Standard progressive income tax rates apply in Malta. The current maximum tax rate is set at 35% on income €60,000 and above. See a full breakdown here.
What are the Malta Double Tax Treaties?
Malta has established over 70 double tax treaties with countries around the world. Several other agreements have been signed but are not yet enforced.
What is the Tax on Remitted Income?
If you’re a resident, but not domiciled in Malta, you’re taxed on (a) any income and capital gains arising in Malta and (b) any income (excluding capital gains) remitted to Malta.
Once you become a Malta citizen and are domiciled in Malta, you’re taxed on any income and capital gains received in Malta. The income tax rates are on a progressive tax structure.
Other Beneficial Taxes
- No wealth tax in Malta
- No inheritance tax in Malta
- 5% stamp duty on acquiring a property
- No withholding tax
For more detailed information about Malta’s individual and business tax rates, as well as the tax benefits in Malta, check out Malta’s Tax System.