There are few Citizenship by Investment programs as appealing as that offered by Malta: Not only is Malta an E.U member state, it also a member of the British Commonwealth, a rare and worthwhile double whammy for anyone looking to acquire dual citizenship and the freedom and opportunities that come with it.
However, like all good things, the Maltese Citizenship by Investment (CBI) program won’t last forever. When it was introduced in 2013 the Maltese government placed a cap of 1,800 second-citizenship places, and they had already received some than 550+ applicants by 2015. Will Malta increase that number when the current quota is reached? Possibly, as long as the E.U continue to display solidarity with Malta’s current Citizenship by Investment system.
Early Teething Problems For the Maltese Citizenship Program
When Malta first announced their CBI program back in 2012, the price of investment was 650,000 with no residency requirement and delivery of citizenship and a passport in a matter of months. This proposition drew howls of derision from many quarters of the E.U who feared that this system was ripe for exploitation by criminals, money launderers and even terrorists.
Clearly revisions were needed, and the Maltese government made the necessary changes to both appease Europe but also ensure that their CBI program was still an attractive proposition to investors seeking second citizenship.
What Malta Requires Of Citizenship Candidates
All CBI applicants must be prepared to invest a total of 1.15 million into their proposed citizenship, and continue to maintain ownership of purchased real estate for a minimum of five years. The breakdown of the investment is:
- Make a 650,000 donation to Malta’s National Development and Social Fund (NDSF)
- Purchase real estate worth 350,000
- Purchase 150,000 worth of Maltese government bonds
- Retain ownership of purchased property for a minimum of five years
Applicants undergo a thorough background and due diligence examination and are notified if they are successful within 4-5 months of application. They are then granted Maltese residency which enables them to live and work in Malta and travel within the 26-nation European Schengen Zone. Successful applicants who meet all investment requirements will receive Maltese citizenship within one year.
Citizenship will also be granted to the spouse and dependents of the applicant, including children under the age of 18 and parents over the age of 55.
Benefits Of Maltese Citizenship
There is a reason why the Maltese CBI program is both one of the most successful and most respected in Europe. Not only does it draw foreign investors into Malta and resultantly into the E.U, it also fosters a genuine link between investors and the country of Malta itself.
There are a host of excellent reasons why anyone in the market for second citizenship should choose Malta. Here are just a handful:
- Full E.U and British Commonwealth membership status A Maltese passport grants the holder membership to two of the most desirable citizenship groups in the world – and all of the benefits that go with them.
- Access to 168 countries visa-free world-wide While Malta may be one of the smallest countries in the E.U, its passport hits like a heavyweight, outperforming those of Iceland, Malaysia, Hong Kong, Monaco, Brazil and Israel, not to mention Russia, the U.A.E, Saudi Arabia, India and China.
- Live and Work in the E.U Ownership of Maltese citizenship grants the owner the right to live and work wherever they like within Western Europe the UK and Ireland included for as long as they wish.
- Excellent Healthcare the Maltese healthcare is rated as one of the top-5 in Europe, and it’s totally free to its citizens
- Outstanding Education If one was to live in Malta and raise a family there, they would be privy to an excellent education system with both public and private schools, plus a university
- Mediterranean Lifestyle Last but by no-means least, one cannot dismiss the benefits of the Mediterranean lifestyle. Studies have shown that people who live in Mediterranean countries like Spain, Italy, Portugal, Cyprus and Malta are healthier, happier, less stressed and live longer than their E.U neighbors in the UK and Germany. Much of this must be credited to the Mediterranean climate, the quality of food available and local diet, friendliness of the locals, and the breathtaking beauty of the location.
So there it is: If you are in the market for dual citizenship and need a second passport to improve your freedom of movement for business, your investment opportunities or whatever specific reason that applies to you, you could do a whole lot worse than becoming a Maltese citizen.
Second Citizenship Programs
If you are interested in knowing more about applying for Maltese citizenship, or indeed any of a host of excellent Citizenship by Investment programs that are available throughout Western Europe and the Caribbean, feel free to contact 2ndPassports.com at any time.
You can speak to one of our expert representatives via telephone or Skype on an encrypted line at your convenience, or if you prefer you can contact us for more information on any of the programs feature on our website by sending us a message via email, WhatsApp or Telegram.
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