Malta IIP conditions
What are the Malta IIP conditions?
The Malta Individual Investor Programme Conditions state that any individual (the “Main Applicant”) over the age of 18 shall be eligible to apply under the MIIP. The main applicant may add dependants such as his/her spouse, children, parents and grand-parents to the application (only with the original application).
A successful applicant must meet all the Malta Individual Investor Programme conditions, including the following:
The successful main applicant must make a contribution to the National Development and Social Fund. The Malta Individual Investor Programme conditions state that the main applicant must make a contribution of €650,000, of which a non-refundable €5,000 is payable on filing the application for a residence permit and another non-refundable €5,000 is payable on filing the application for naturalisation as a citizen of Malta.
If a spouse is included on the application the conditions state that a further €25,000 must be contributed. Should children be included then a further contribution of €25,000 per child under the age of 18 should be made or the same amount for unmarried children between the ages of 18 and 26. When a dependant parent or grandparent is included on the application then an additional contribution of €50,000 each should be made.
Malta citizenship requirements
Within the Malta Individual Investor Programme Conditions, a request is made that the main applicant provides evidence of 12 months residence in Malta prior to the issue of the certificate of naturalisation, which will be established on a case by case basis. The main applicant must demonstrate genuine links with Malta, including periods of physical presence in Malta. The main applicant must provide evidence of either a lease or ownership of residential property in Malta. The purchase value of the property should be a minimum value of €350,000 or the annual rental fee should equate to a minimum of €16,000. The residential property must be held for a minimum period of 5 years.
All applicants should be covered by a valid global health insurance policy with a minimum cover of €50,000. A thorough due diligence procedure is in place and this is to show that all persons included within the application of the Malta Individual Investor Programme are of a good standing and repute.
The Malta Individual Investor Programme conditions state that the main applicant must commit to invest a minimum of €150,000 in approved local investments. The investments must be held for a minimum period of 5 years
For more information on the Malta IIP Conditions, please contact us.