Global Residence Program

Malta is also a very attractive location for private residence. Malta offers non-Maltese persons the possibility of acquiring residence status through the Global Residence Program which is aimed at persons who buy or rent property in Malta, with minimum requirements of between EUR 220,000 to EUR 275,000 purchase price or EUR 8,750 and EUR 9,600 annual rent, depending on the location. A residence permit entitles its holder to reside permanently in Malta with the freedom to come and go any time. A permanent resident enjoys a privileged tax status while at the same time benefiting from Malta’s wide network of Double Taxation Treaties. A

further advantage of this status is that as long as the resident abides by the rules of the permit, the resident permit holder need not spend any particular time actually residing in Malta.

Individual Investor Programme (IIP)

The Individual Investor Programme of the Republic of Malta (IIP), by virtue of Legal Notice 47 of 2014, allows for the granting of citizenship by a certificate of naturalisation to individuals and their families who contribute to the economic and social development of Malta. Subject to a stringent vetting and diligence process, including thorough background checks, the applicants and their dependants are granted citizenship in exchange for such contribution.

ABOUT MALTA Malta is a European Union member state since 2004. Malta can offer Citizenship in an EU country that is stable, neutral and highly respected. It offers Visa free travel to more than 160 countries. Maltese citizenship will also grant the right of work and establishment in all 28 EU countries.

WHY MALTA The key objectives for obtaining Maltese citizenship and the benefits gained will vary between individuals, but may include:

  • Visa free travel to more than 160 countries in the world.
  • Possible tax planning benefits
  • Dependence on more than one passport
  • Personal security
  • Looking for a stable political system
  • Good quality of life
  • Better education for children.

WHO CAN APPLY To qualify for citizenship, the main applicant must be at least 18 years of age, provide proof of having been a resident of Malta for a period of 12 months preceding the issuing of a certificate of naturalisation and meet the following investment requirements: –

*The acquisition of real estate with a minimum value of EUR 350,000 to be held for at least 5 years; or –

*Lease a residential immovable property in Malta for a period of 5 years, at an annual rent of at least EUR 16,000; and – Make a contribution to the National Development and Social Fund –

An investment in stocks, bonds or special purpose vehicles to be identified by Identity Malta, for a minimum value of EUR 150,000 to be held for a minimum period of 5 years.

*Immovable property cannot be let or sublet.

Applicants must have a Global Health Insurance coverage for at least EUR 50,000 for the main applicant and each of the dependants and must give proof that they can maintain the same for an indefinite period.

Principal Applicants can include in their IIP application: – Spouse – in a monogamous marriage or in another relationship having the same or similar status to marriage. – Dependants of 18 years of age and under. – Dependants between the age of 18 and 26 years of age, who are not married and who are wholly supported by the main applicant and form part of the household. – Dependants over the age of 55 years (e.g. parents), who are wholly supported by and who form part of the household of the main applicant.