May 7, 2014

Malta Citizenship and Living in Malta

Malta Citizenship and Living in Malta

Malta Citizenship and Living in Malta

Malta Citizenship

The launch of the Malta Individual Investor Programme offers high net worth individuals the opportunity to acquire European residency through the Malta Citizenship by Investment Programme.

The Malta Individual Investor Programme (IIP) was introduced in 2014 and it aims to attract only the best people in Malta. As a highly respected EU Member Country, Malta enjoys a stable political climate, bi-partisan political scene, growing economy, and has some of the soundest banks in the world. The Malta IIP is the first citizenship by investment program of its kind to be recognized by the European Commission, and acknowledged legally by the executive body of the European Union. The Malta citizenship by investment application process is extremely efficient, and the government of Malta is committed to the highest standard of due diligence and making sure only persons of impeccable standing and repute will be admitted.

Successful candidates will be granted citizenship in Malta by a Certificate of Naturalization, which can also be extended to include their families. Once a candidate is awarded Malta citizenship, which includes EU citizenship, they have the right of establishment in all 28 EU countries and Switzerland. They also have the ability to set up business in Malta, and can get a Maltese passport enabling them to enjoy visa-free travel to more than 160 countries across the world including the United States.

Living in Malta

Malta, with its warm Mediterranean climate and convenient positioning between Europe and Africa has often proved a popular destination for persons wishing to take up residence outside their country of nationality but the launch of this scheme enables individuals to also consider Malta citizenship. The Maltese Islands have a rich heritage with a range of European and Mediterranean influences shaping it history and culture.  The British and Italian influences are particularly strong.  The Maltese speak Maltese and English, which are both official national languages but most are also fluent in Italian and increasingly French and Spanish is now understood and spoken.  Legislation is drafted in both Maltese and English, whilst business is generally conducted in English.

Malta is an independent republic within the Commonwealth and joined the European Union on 1 May 2004. The currency of Malta is the Euro.

Should an individual wish to relocate and acquire Malta citizenship travelling arrangements in and out of Malta may then become an important consideration. Malta has very good travel links with the rest of Europe, with flights to most destinations made within a couple of hours. Due to to the proximity to Africa, there are also a number of quick direct flights to North African countries. There is also a ferry and catamaran service direct to Sicily, Italy.

Malta has a favourable climate with 12 hours sunshine on average per day in the summer, which lowers to 5 to hours in mid winter. Summers are typically hot, dry with a lot of sunshine and the summer season generally extends to October. Winters are generally mild, with the occasional colder weather which is deemed mild in comparison to the its central and northern European neighbours. Annual rainfall is low.