Malta Investment Visa
Irish Immigrant Investor Program
A qualified family member can be an unmarried child up to 26 years of age, a spouse, parents and in-laws over 55, all of which are financially dependent on the main applicant. In addition, you are required to make a combined investment in a real estate project, contribute to the government and invest in stocks, bonds or debentures. The Maltese Citizenship through Investment program is ideal for investors who have the time to Turkish citizenship 250.000 USD wait and who are committed to Malta and able to show and develop genuine ties with the island. The overall cash outlay is lower than that of Cyprus, however the lost contribution element is not conducive to maximising return on investment. While the Malta program is more affordable, wealthier investors may wish to consider the Cyprus Citizenship by Investment program for a far quicker and assured route to EU citizenship.
The team of experts at Ciantar Associates has experience in immigration matters and issues, plus in accounting and audit fields. They can be hired for a series of legal services and representation for those who want to immigrate to Malta. If you want to obtain Malta citizenship, our immigration lawyers can help you. Abela said that government will be going ahead with discussions “in the spirit of dialogue”, while making the legal case that citizenship falls under the competence of each individual Member State, and not of the EU. Investment in real estate and financial institutions within four months of approval. If you are not already a permanent resident in Malta, you must obtain a residential address in the country and apply for an e-residence card.
Acquiring Citizenship Through Investment In Malta
Any child born to a parent who is a Maltese citizen will also be a citizen of Malta. This means children born to men or women who obtained Maltese nationality under the country’s citizenship by investment regulations will be full Malta citizens even if their place of birth is not in Europe. Consequently, if your family obtains Malta investor citizenship then when your children grow up and have families of their own your grandchildren can also have a Malta passport.
Malta does not recognize Bitcoin as a method of payment for the Malta citizenship by investment program. You cannot rent out your property in Malta during the 5-year minimum requirement, as it is considered to be in conflict with your intention to maintain residence in the country. Malta’s new program refers to the new and updated Malta citizenship by investment program that came into effect in early January 2021.
What You Need To Apply For Citizenship By Investment In Malta
Testimony to this, the island is home to hundreds of foreign companies all operating within a well-developed economic and industrial structure. In 2007 the government sold off its 40% stake in ‘MaltaPost’, and by 2010, Malta had managed to privatise its telecommunications, postal services, shipyards and shipbuilding. The parliamentary system is closely modelled on the Westminster system. The parliament is made up of the president, a prime minister and the multi-party House of Representatives.
To qualify for Maltese citizenship by investment, the main applicant has to contribute at least €650,000 to the National Development and Social Fund of Malta. Additional contributions would be required from other family members of the main applicant . If the Tier 1 due diligence checks completed by the Community Malta Agency are passed, the application for a residence permit will be submitted. The rules of eligibility for this program are straightforward, and if you can make the minimum investment and have a clean criminal record, then you’re likely qualified for it. The application itself is also quite easy to navigate and you’ll receive your European residence immediately after applying. Then, you will need to gather all the required documents prior to submitting your application.
The travel access obtained through the Grenada citizenship is equal to that of European residency programmes, offering 90 out of 180 days visa-free travel in the Schengen zone and the UK. It basically means that for 6 months of the year, one can reside in the Schengen Countries, with a break of 3 months in between. Citizenship and a passport is obtained within 3-4 months, with no minimum stay requirement. Dependent children under the age of 30 and dependent parents over the age of 55 can also be included in the application.
It allows visa-free access to over 184 countries, including those in the EU and Schengen area, as well as the United Kingdom, South Korea, Hong Kong, Singapore, Japan, and Canada. For example, if you would like to have a residence permit issued for your parents who had not been included in the original application. Due Diligence is a key step in the process of applying for Maltese citizenship. It determines whether the Maltese state authorities will approve the investor’s application as a candidate for citizenship. Immigrant Invest’s certified anti-money-laundering officer examines the investor’s documents and identifies possible risks that could result in their citizenship application being rejected.
The Maltese government works with the International Criminal Court, INTERPOL, and a number of other authorities to rigorously check and validate all criminal information provided as part of the application process. With a Maltese passport, individuals can enjoy the advantage of hassle free travel, as well as the opportunity to establish a high quality and peaceful lifestyle in the country. While being relatively small in comparison to other Turkish staying permit countries, Malta offers sizeable benefits in the form of a stable government and strong infrastructure. Citizens can access high standards across the country’s public services, including hospitals, schools, transport, and telecommunications, in addition to consistent growth across industries. According to the country’s National Statistics Office, the Malta economy has typically expanded by more than 3% each year over the past decade.