Introduced at the beginning of 2014, the Malta Individual Investor Programme (IIP) offers high and ultra-high net worth individuals and families worldwide citizenship in a highly respected EU Member Country. Malta has been a member of the European Union since 2004, enjoys a stable political climate, bi-partisan political scene, growing economy, and has some of the soundest banks in the world.
The investment requirements for citizenship in Malta are:
Donation required to the
Malta Social & Development Fund
Investment in Approved Bonds
or Securities for a minimum of 5 years
Evidence of a Genuine Link with Malta
including recognition as a Resident of
Malta for at least one year.
The British Parliament passed the Malta Independence Act in 1964, giving Malta independence from the United Kingdom with Queen Elizabeth II as its head of state and queen. Malta is a Southern European island country consisting of an archipelago in the Mediterranean Sea. It lies 80 km (50 mi) south of Italy, 284 km (176 mi) east of Tunisia, and 333 km (207 mi) north of Libya. Malta has been a member state of the Commonwealth of Nations and the United Nations since independence, and joined the European Union in 2004; it became part of the eurozone monetary union in 2008.
Malta is a popular tourist destination with its warm climate, numerous recreational areas, and architectural and historical monuments, including three UNESCO World Heritage Sites: Hypogeum of Ħal-Saflieni, Valletta, and seven megalithic temples which are some of the oldest free-standing structures in the world
The Maltese economy remains one of Europe’s fastest growing and buying property is a relatively straightforward process starting with the signing of a contract known as a konvenju (promise of sale).
Maltese property has been on the upswing for the past five years mostly attributed by the Central Bank to the Individual Investor Programme (IIP) and to the stamp duty exemption for first-time buyers.
Rental yields average around 4% to 5% annually, and non-residents who are part of the Individual Investor Program, enjoy a gross rental income taxed flat rate of 15% versus the progressive rate up to 35% for residents. Roundtrip transaction costs ranges from 10% to 25% of property value.
The most popular areas to buy are around Sliema and St Julian’s. They afford wonderful sea views, are close to all essential amenities, benefit from great public transport and offer plenty of good schools to boot. Malta enjoys a Mediterranean climate but can cool off in the winter months.
The Malta Golden Residence Programme ( MRVP ) is renewable every five years and is the only European Permanent Residency in Europe which sets no age limit for dependent children. With a property purchase of USR 275,000 (or long term property rental), this is an opportunity for residency in the Schengen zone and visa-free travel throughout the area.
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If becoming a resident or citizen of Malta is of interest to you and your family, the Citizens International team can assist in organizing a discovery trip to see the island. Let our team advise you on what you can expect and get a real sense of the country, culture and its people.
Your trip will offer a meaningful insight into why the Malta program has proven so popular since its inception in 2013 and how you can improve your life with second citizenship or financial concierge services tailored to your needs. We are on call for you, on the ground with deep connections and we know how to ensure your trip is time well spent.
Email us or call +1 268 562 8585 for more information.