Malta Residency: Potential candidates who are not already resident in the country are strongly advised to begin the Malta residency process immediately since the Individual Investor Programme has a 12-month residency requirement. To be granted citizenship in Malta as fast as possible, it is very important that the clock is ticking on an applicant’s residency requirement while they progress through the Malta citizenship application process. Upon initiation of a nominee’s residency in Malta, a small deposit of €5,000 for the primary applicant and €1,000 for each family member is due on account of the National Development and Social Fund contribution.
Day 1: A Malta Individual Investor Program application is formally submitted to Identity Malta by an Accredited Person. The application will contain imperative supporting documents, and evidence of source of funds must also be presented at this stage. The following fees are now due:
Due Diligence Fees
Principal applicant – €7,500
Spouse – €5,000
Minor dependents (aged 0-12) – no fee
Minor dependents (aged 13-17) – €3,000 each
Adult dependents – €5,000 each
Malta Passport Fees
All candidates – €500 each
Per application – €200
A total deposit of €10,000 is now due towards the monetary contribution. Any deposit made when applying for Maltese residency counts towards this amount.
Day 5: Identity Malta will notify the concessionaire or Accredited Person within five business days of submission to confirm whether client’s application has been accepted for review or requires additional paperwork.
Day 90: Confirmation from Identity Malta that the application and supporting documentation are formally in order. The candidate is subject to a further 30 days of additional verification by the Government of Malta’s regulatory body.
Day 120: Applicant is approved in principle. This signifies official Malta IIP approval conditional only on the candidate fulfilling all their remaining obligations under the Maltese nationality program for investors.
Day 125: Identity Malta sends the applicant a formal request for payment of remaining balance of National Development and Social Fund contribution. The candidate has 20 days to pay the full amount.
Day 145: Maltese IIP financial contribution deadline. The entire National Development and Social Fund contribution must be made by this time.
Day 240: Final citizenship by investment Malta compliance. Applicant must provide evidence of €150,000 bonds investment as well as a Malta real estate purchase or rental.
Issuance of Naturalisation Certificate: Once an applicant has fulfilled all their obligations under the Malta Individual Investor Program and taken an Oath of Allegiance, they will be issued a Certificate of Naturalisation and given a Malta Passport
For more information, please contact our hotline: +84 911 60 22 44 (Multi line)
Malta: The world’s 7th most powerful passport
Fitch affirms Malta’s ‘A’ rating, stable outlook
Copyright© AT Express Ltd. All rights reserved.