Malta Citizenship by Investment process
The Malta Citizenship by Investment process begins with the main applicant seeking and acquiring a place in Malta to reside in which in turn would begin the 1 year residency requirement. The main applicant is not required at this stage to purchase a property should they not wish to and can instead opt to take out a lease contract on rented accommodation.
Malta IIP investment process
On the acquisition of an address in Malta, the applicant will then under the terms of the Malta Citizenship by Investment Programme file an application for a residence permit in Malta. This must be made in person.
At any point during this period of Malta residence, the main applicant can complete and submit the Malta Citizenship by Investment Programme application for naturalisation as citizen of Malta. Any applications for dependants should also be filed at this stage. All applications alongside supporting documentation are submitted to Identity Malta, whom will issue an acknowledgement of receipt and begin the initial checks for completeness. Payments due at this stage will be an initial deposit of €10,000 towards the €650,000 contribution to the National Development and Social Fund, the due diligence fees and any passport fees.
Identity Malta will then proceed to process the Malta Citizenship by Investment application. If accepted, Identity Malta will issue a letter of approval in principle alongside an invoice for the balance of the contribution to the National Development and Social Fund. This must be settled within 25 days from the date of the letter of approval.
Within 4 months from the date of the letter of approval in principle, the Main Applicant as per the conditions of the Malta Citizenship by Investment Programme (Malta Citizenship by Investment process) must provide evidence that the contractual undertakings to fulfil the property requirement have been carried out. The applicant will also have to provide evidence that the local investment requirement has been fulfilled and that a valid health insurance policy has been taken out that provides health cover for all persons on the application.
If all the relevant requirements have been met throughout the Malta Citizenship by Investment process, the certificate of naturalisation will be issued 12 months after the date on the residence permit. Maltese passport/s can then be formally issued to complete the application process.
Contact us for more information on how we can help you with the Malta Citizenship by Investment Programme.
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