- September 25, 2017
- Posted by: CIP Journal
- Category: Uncategorized
The Malta Individual Investor Programme (IIP) also known as “citizenship by investment” programme is designed to attract to Malta’s shores applicants who can share their talent, expertise and business connections. It is the first citizenship programme in the European Union to be recognized by the European Commission.
Applicants are subject to a thorough due diligence process which guarantees that only reputable applicants acquire Maltese citizenship. Moreover, applications from countries where international sanctions apply may not be accepted.
Malta offers great opportunities to IIP applicants and their families, including a high standard of living, a stable political system and a robust economy.
The contribution requirements and fees for citizenship are as follows:
1. Contribution Requirements
- Main applicant: EUR 650,000 (six hundred and fifty thousand euro), of which a non-refundable payment of EUR 10,000 (ten thousand euro) shall be remitted as a non-refundable deposit prior to submission of the application;
- spouse: EUR 25,000 (twenty five thousand euro);
- for each and every child below 18 years of age: EUR 25,000 (twenty five thousand euro);
- for each and every unmarried child between 18 years of age and 26 years of age: EUR 50,000 (fifty thousand euro);
- for each and every dependant parent above 55 years of age: EUR 50,000 (fifty thousand euro).
2. Schedule of Fees
The due diligence fees and bank charges fees are not refundable. The contribution balance, once received in Malta, shall not be refundable after the letter of approval in principle has been issued.
The Minister shall every year publish in the Gazette the names of all persons who during the previous twelve calendar months were granted Maltese citizenship by registration or naturalization including those persons who were granted Maltese citizenship under the programme.
Under provisions of article 14 of the Act, the Minister shall in all cases be deemed to have reserved the right to deprive a person of his Maltese citizenship granted under the programme if an applicant who has been granted citizenship fails to comply with any requirement to lease, purchase and retain property in Malta or to make and retain investments in Malta, as established by these regulations or has become a threat to national security or is involved in conduct which is seriously prejudicial to the vital interests of Malta. In such cases the procedure for deprivation of citizenship stipulated in article 14 of the Act and in any regulations made under the Act in respect of such deprivation shall mutatis mutandis apply.
Reasons for Citizenship refusal
shall not be approved for citizenship under the programme, unless Identity Malta is satisfied that the applicant is still worthy of being considered for approval due to special circumstances to be demonstrated by the applicant.