Citizenship By Investment Solutions
Though it adds to its great reputation, many more strings come with a Maltese passport when it comes to due diligence. The benefits that Malta offers are somewhat offset by the fact that being in the borderless Schengen Area and being a US visa-waiver country means that they have to be a bit more strict. While other CBI programs out there might drop the ball when it comes to due diligence, Malta has the world’s strictest due diligence standards and vets applicants fully before letting them gain a passport. Although the program is certainly on the more expensive side compared to other CBI programs, Malta CBI comes with a number of excellent benefits that you should consider. When you become a naturalized citizen of Malta, you can apply for and receive a Maltese passport.
Hi Mario, I believe your issue comes from you having naturalised in Britain at some point where you became a British citizen and were given a British Passport. For quite some time after Maltese Independence dual citizenship was not allowed, and anyone who took up another citizenship was considered to have automatically lost there Maltese Citizenship. It is about to expire next year so I am in the process of renewing it. Both my parents were married in Malta in December1964 but they themseslves were not Maltese by birth but lived there as my father was in the military based at what was RAF Luqa between 1963 to around 1972 when we all left Malta. I have a Malta birth certificate and a Maltese registration certificate.
Who Can I Contact For Information On Malta Citizenship?
However, for everyone else looking to acquire European citizenship through other avenues, they should be warned in advance that it is not an easy process. In almost all cases it will require a combination of time, money, and effort. The two most popular programs in Europe are offered by Portugal and Spain.
It also allows one’s children living both in Malta and Gozo to access free education at public schools. You can become a Malta citizenship quickly and simply without disrupting your life. ACT is an accredited agent with Malta Community Agency and as such we are able to advise and assist our clients in the preparation and submission of the application and supporting documentation to acquire a Maltese passport. Malta Community Agency is the Malta Government Authority handling such applications.
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Do be aware that you are not becoming a Maltese citizen by becoming a resident and will not be able to vote. This type of visa is issued to Third country nationals who require a Visa to travel to the Schengen area for tourism purposes. It is issued for not longer than 90 days of stay and may be a Single or Multiple entry visa, depending on the decisions made by the authorities and other relevant factors. However in the case where the applicant requires an extension due to unforeseen circumstances whilst in Malta, he/she may request a Visa extension from the Central Visa Unit. Malta is a protected nation that appreciates a minimal effort of living record.
This number can be independently verified on the website of the Government of Malta. Fast track residence cards can be approved 1 to 3 weeks providing Schengen mobility for 18 months. It takes 12 months to issue passport starting from the date of the applicant’s initial residency. Applicants may also invest a minimum of €150,000 in government approved financial options such as bonds, debentures, and stocks.
Who Can Apply For Citizenhsip By Registration?
The Schengen zone comprises 26 European states that have officially abolished passport and other types of border control. This effectively works as a single jurisdiction for international travel purposes, with a common visa policy. A front contribution of €30,000 is to be paid to the Government for the main applicant, his spouse and children which is non refundable. Malta’s Golden Visa scheme is aimed at granting non EU Citizens a residency visa for 5 years to reside in Malta.
An employment licence is required in order for a non EU/EEU national to work in Malta. There is no minimum value property requirement for non-residents seeking to obtain ordinary residence. As a member state of the European Union, Malta is strategically well situated at the heart of the Mediterranean, with very close ties to mainland Europe, North Africa and the Middle East. In reality, the country is the entry point into Europe from the south and into Africa from the north, with good air route connectivity. It shares time zones with South Africa (GMT + 2), making it ideally suited for conducting local business from abroad. In order to qualify, the applicant must also have a clean criminal record, be in good health, pass all due diligence processes, and prove that they have an annual income in excess of EUR 100,000 or have capital exceeding EUR 500,000.
Application Timeline For Malta Citizenship By Investment
Malta and Greece reported over 1 billion euro inflows since the inception of the citizenship scheme in the EU. A new set of changes have been unveiled by the Maltese authorities to Malta’s highly popular citizenship by investment programme. Previously minimum contribution started from EUR 650,000, which has now increased to a minimum of EUR 750,000. However, to offset this increase, the new rules no longer require an additional investment of EUR 150,000 in Maltese government bonds – this means that the total minimum investment is now actually lower than previously. However, if you wish to get permanent residence or citizenship by investment, most countries will require actual residency for about five to ten years. Established in 2015, the MRVP programme falls under the Maltese Immigration Act, and is presently being managed by the Malta Residency and Visa Agency .
- Once the application has been assessed and found to contain all the relevant documentation by the due diligence agencies all of the fees and contributions must have been received and cleared, source-verified.
- You will also need a lawyer that is familiar with Malta citizenship and real estate law, though this can usually be found through your agent.
- In the U.S. you are eligible to vote as long as you’re a citizen and you fulfil any other requirements, such as residency and age.
- The evidence of having retained a residence in Malta for at least 5 years must be provided within 4 months of receiving the Letter of Approval in Principle.
- By offering an economic passport and EU citizenship via investment, the IIP is the most reliable integration programs for overseas investors who want to establish a business presence in Malta.
When your application is completed successfully, it will be forwarded to the relevant authorities in Malta for processing. The duration of processing in Malta differs according to the type of application submitted. The officer dealing with your form will be able to give you an approximate timeline. You will not receive any updates on progress from the Malta High Commission unless the office in Malta asks for further clarifications or documents to substantiate your claim. If you have been asked to attend an appointment at the Malta High Commission in London to submit your application, please be on time.
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This can either be through purchasing property (with a minimum value of €350,000) or through renting a property where the annual rent must exceed €16,000. Our immigration experts will prepare your application with due diligence and care for submission to all respective migration authorities. We comply with all necessary regulations and licenses and work without any intermediaries.
Ordinary residence is for those individuals that emigrate from European Union and tax payments are a bit different of those who are emigrating outside European Union member states. Permanent residence is for any interested person that wants to immigrate to Malta. Person applying needs to seek out lawyer to get the best offer and the permanent residence permit needs to be renewed every year. Our mission is to make the several residence and citizenship by investment programs, including start-up visas, entrepreneur visas, and business relocation programs more accessible.
I am a citizen of India and is currently engaged in running a software consulting business here for the past 3 years; I see myself qualifying for the Permanent Residence without right to work, prima facie. However, I would like to know more about the requirements before I get started to work on my application. In addition, I would like to know if the spouse of the primary applicant is allowed to do work in Malta under this program. It offers a second citizenship option to families wishing to relocate their personal or business affairs to an EU country. Citizenship granted through this route to Maltese citizenship is valid for life and it is passed on to future generations by descent. The national legislation permits foreign national marrying a citizen of Malta to become national of the country.
My parents and I are doing businesses together and so we’re looking at future options to move to places that have better financial conditions. Invest 350,000 euros in a property that is older than 30 years or 500,000 euros in a newer property, and you qualify for residency. These amounts can be reduced by 20% if you buy in a low population area . Perhaps the biggest advantage of Malta can be its approach to taxation. Your foreign-sourced income could qualify for a flat tax rate of just 15%. However, if you also want a Greek passport, you’ll need to plan to spend time in the country—if only to learn the language, a requirement for naturalization.
Students can attend state schools for free, including transportation and books. As a result, Malta’s new citizenship-by-investment program 2021 is available to international investors looking to move, invest or do business in Europe while gaining a second citizenship. The provisions regulating the acquisition of Maltese citizenship by Marriage work permit turkey were transferred from the Maltese Constitution to the Maltese Citizenship Act in 2000. Before such an amendment, a foreign national could apply for Maltese citizenship immediately after marriage. The legislator felt that marriage alone didn’t satisfy the genuine link criteria with Malta and thus introduced a five-year minimum period.
Individuals who are interested in second citizenship by investment can get it hassle-free. There might be a possibility that your current country has a restriction that prohibits you to possess the second passport but Malta has no restrictions on holding dual nationality. As a member state, Malta enjoys the full spectrum of privileges available to the Schengen Area and the European Union countries. With Malta’s residency or passport, you will forget about travelling documents for most strategically important countries on the world map.
Apply for a free European health insurance card and carry it with you when you travel. This gives all EU citizens the same healthcare as local people in the country. To qualify for citizenship by investment in Malta, applicants need to pay a contribution to the government, donate to the National Government Charitable Organizations, and purchase or rent qualifying property in the country. Malta is one of the strongest and most stable economies of the EU and delivers a high standard of living with high life expectancy and safety levels.
Smart Move Immigration is a legal firm with extensive expertise on every legal aspect of Investment Immigration, which include Citizenships by Investment. However, please note that the total number of citizenships the Maltese government has made available under the new regulation is limited to only 400 per year! If you are ready to file an application Please use our contact form for additional information. The evidence of having retained a residence in Malta for at least 5 years must be provided within 4 months of receiving the Letter of Approval in Principle.
Head here to find out more information about the Latvia Residency by Investment program. Signatories to these agreements are often the easiest countries to get citizenship if you qualify. European Economic Agreement is an agreement between all 27 EU countries, Switzerland, Iceland, Liechtenstein, and Norway. Citizens of these countries can live, work, and move freely in the EEA Area. Many counties offer shorter residency qualification periods for refugees, spouses, adopted children, and other groups. How long you have to wait for naturalization is different depending on the country and your circumstances.
Choosing which of these programs is best suited to you involves an analysis of your needs, and weighing the benefits and costs of each. Certificate of naturalization only issued after 12 months having proved law firm turkey “genuine link” to Malta and by satisfying residency-requirement for the 750K direct investment category. Applicant has to spend 36 months living in Malta for citizenship under the 600K investment category.
A donation of at least €10,000 to a registered non-governmental organization or society is needed in addition to the contribution. The above provisions apply also to individuals who contract a civil union or same-sex marriage. The administration fee is €1,000 (£860) for each applicant, excluding taxes, and there is an ongoing five-year due diligence monitoring process. It is therefore strongly advised to ensure the application is completed thoroughly, with full supporting documents.
Malta’s Citizenship by Investment Program was the first EU-approved citizenship program, and it now continues to attract high net worth individuals looking for investment immigration. CategoryDescription of Visa Schengen Visa Schengen visa applications must be lodged at the diplomatic mission of the country which is the main destination of the visit. In the event, therefore, that an applicant intends to visit several Schengen Member States , the application must be lodged at the diplomatic mission of the country of first entry. Usually you’ll be issued an employment license and then have one month in which to apply for a residence permit.
Applicants are not required to live in Malta in order to obtain or maintain permanent residence by investment. They can treat it as a safe haven to escape to at short notice if needed by buying or renting real estate, opening a bank account and transferring money there. In the event of unforeseen problems in their original country of residence, Maltese permanent residents will be able to immediately leave their original country of residence for the safety of Malta.