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Maltese Residence and Citizenship by investment in 2020

Kristina Kurkuliak
11 November 2020

Malta Immigration Options

Malta is a small, beautiful island in the Mediterranean that has become a sought after destination for people who want to travel the world and protect their finances. Its main industry sectors are pharmaceuticals, insurance and finance including offshore banking and most recently blockchain and cryptocurrency. With its easy access to the rest of Europe, it attracts entrepreneurs and innovators of all kinds and its passport is considered the 8th most powerful in the world. This is probably why it is also one of the most expensive citizenships in the world: an individual will spend around €1 million over the one year application process.

If €1 million is too steep of an investment, there is a permanent residence program that still includes all the benefits of living in the Schengen area. It requires an investment of just €250,000 into government bonds and equities that must be held for at least five years. It also requires a €30,000 donation to the State Fund of Malta and purchasing or renting property on the island. Legal and processing fees can cost up to €40,000.

As in many other countries, individuals can become citizens if their parents or grandparents are Maltese or through marriage to a Maltese citizen after five years of living together. EU citizens can become citizens after six years of living in Malta while non-EU individuals can obtain it after 18 years, both through naturalization. But the most popular way of obtaining a Maltese passport is through investment.

Malta Citizenship by Investment

Island countries like Malta often rely on tourism to fund their economy which is why exchanging nationality for investment from high-net individuals is a win-win for both parties. The benefits of a Maltese passport are on par with many other European countries. Maltese citizens have access to free healthcare, education and childcare. Visa-free travel to over 184 countries and territories around the world and the possibility to reside and work in other EU countries. The country also enjoys political and economic stability, natural beauty, amazing weather and a rich culture influenced by the ancient civilizations of the Mediterranean region. English is the official language.

Malta offers minimal property taxes and stamp duties. It also has no inheritance, gift, wealth or municipal taxes, making it one of the most tax-friendly countries in the EU. Once an individual acquires a Maltese passport, they can also pass down their citizenship to future generations. There is an income tax on world income once an individual becomes a resident.

There are three investment requirements:

Fill out the form and to receive an individual cost calculation.

After the investment, individuals receive a Malta residence document and must maintain it for 12 months to be granted citizenship. Process can take up to 14 months to actually receive the passport.

Malta Immigration Requirements

Maltese citizenship has become one of the most prestigious in the world, so the requirements are high, though not much different from other citizenship by investment programs.

Investors must meet the following criteria:

Malta has a strict four-tier due diligence process:

The process is straightforward. First, an individual must apply for residence online and once approved, apply for citizenship. An initial donation must be made along with the due diligence and passport fees. Evidence of the funding source must be provided. Once the government reviews and approves all the documents, which can take a few months. After, the applicant can complete all of their investment requirements. After the 12 months of residency, the applicant will receive a certificate of naturalization and can apply and receive Maltese passport.

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