Malta Citizenship by Naturalisation for Exceptional Services - Investment Requirements - effective from 30 September 2020
Malta Permanent Residence Permit - Malta IIP
On 3 July 2020, new Law changes to the Malta Individual Investor Programme (Malta IIP) were announced, and the new Malta Citizenship Programe was named the 'Malta Citizenship for Exceptional Services by Direct Investment', and this new law change took effect from 30 September 2020. See the new Rules below:
There will be 2 options leading to Malta Citizenship for High Net Worth Immigrants, based on the Contribution amount:
A. 3-Year residence requirement - Applicant Investor's will be able to make a contribution of €600,000 EUR for the principal applicant and €50,000 for every dependant. They will be able to apply for citizenship after 3 years of effective residence.
B. 1-Year residence requirement - Should the Applicants wish to apply for citizenship after 12 months, applicants will need to make a contribution of €750,000 EUR for the principal applicant and €50,000 for every dependant applicant.
There will be a cap of 400 approved applications per year with an overall number of 1,500 applications. See the new investment amounts below:
1. Purchase of Property - The minimum property (Real Estate) value is set in at €700,000 EUR & while previously €350,000. The Property must be held for 5 years.
2. Rental of Property - For rentals, the minimum rental amount is at €16,000 EUR , and held for five years. Previously, the rental amount was set at the same rate of €16,000. Note that the property cannot be sublet during this five-year period. A 36-month (or 18-month, by exception) lease agreement or property purchase is required during the residence period.
3. Mandatory Donation - A mandatory donation of €10,000 EUR to a registered sport, cultural, scientific, philanthropic, animal welfare, or artistic non-governmental organization or society, as approved by the Community Malta Agency.
See VisaConnect's web page for more information:
Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment