Malta

Malta Investment Immigration Programs Overview

Malta offers several immigration-by-investment programs, providing both attractive options for acquiring citizenship and residency. Malta offers individuals and their families a safe and stable country with reputable education and healthcare. Maltese residence programs allow successful applicants the right of visa-free travel within the Schengen Area.

At the end of 2020, Malta introduced a new citizenship legislation for the Granting of Citizenship by Naturalization for Exceptional Services by Direct Investment (CDI), following a residency period of 36 months or by exception 12 months. The direct investment required for an application includes a financial contribution of 600,000 euros following a 3-year residency or by exception, 750,000 euros following a 12-month residency period. In addition, investors need to either purchase or rent property for the following minimum values: purchase a property for 700,000 euros or rent a property for 16,000 euros per year for a period of five years. A donation to a Maltese charity must be paid with a minimum value of 10,000 euros.

In January 2021, the Malta Residency and Visa Agency announced the launch of a new residency program called the Malta Permanent Residency Program (MPRP). This program replaced the old Malta Residency and Visa Program (MRVP) on March 29, 2021.

Like its predecessor, the MPRP offers third-country nationals the opportunity of a second residency in Malta. The investment requirements include: a real estate investment of either purchasing or renting residential property with a minimum value of 300,000 euros in the case of buying or 10,000 euros in the case of renting. Such investment should be held for a minimum of five years.

Depending on which real-estate option is chosen, investors need to make the following contributions to the Maltese government: 58,000 euros when renting is chosen, or 28,000 euros when a property is purchased. In both cases, investors need to pay a 40,000 euros administration fee to the government. In addition, investors need to make a 2,000-euro charitable donation and be in possession of capital assets valued at 500,000 euros of which 150,000 euros need to be in the form of financial assets for a period of five years.

HOW TO APPLY

Applications need to be submitted by an accredited agent with the Maltese Authorities.

Citizenship Applications are made through the Community Malta Agency (CMA).

MPRP Applications will be made through the Residency Malta Agency (RMA).

Interested investors should seek the advice from accredited agents to discuss which program is best suited to their needs.

COUNTRY

Located in the Mediterranean in Europe, Malta enjoys a year-round mild and sunny climate. With a population of just over 500,000, the official languages are Maltese and English. Malta has been a member state of the European Union since 2004 and its currency is the euro (€). Malta is a member of the Schengen Area that allows members visa-free access to 25 other European countries.

Updated by Kenneth Camilleri

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Citizenship By Investment

There are several investment requirements for Malta’s Granting of Citizenship for Exceptional Services by Direct Investment (CDI). The main financial contribution required depends on the residency timeframe applied for. Applicants can apply for Citizenship after a 36-month residency period, or by exception a 12-month residency period. There are three investments required. These include:

  • Financial Contribution: Applicants who have resided for a 3-year period, must make a financial contribution of 600,000 euros. By exception, applicants who have resided for 1 year must make a contribution of 750,000 euros. This contribution is referred to as the Exceptional Direct Investment.

  • Real Estate Investment: The property investment thresholds are the same for all applicants irrespective of which duration of residency is chosen. Applicants have two options: - Purchase residential property for a minimum value of 700,000 euros or rent a residential property for a minimum of 16,000 euros per year. The property investment needs to be maintained for a minimum period of 5 years from the date of issue of the certificate of citizenship.

  • Donation: Applicants must make a 10,000-euro charitable donation to an approved Local Voluntary Organisation.

In addition to the investment requirements, investors will need to pay due diligence and government administration fees and a non-refundable deposit of 10,000 euros. 

Financially dependant family members of the main applicant may be included in the application subject to additional fees. This includes the main applicant’s spouse, children under 18 years of age, and unmarried children (18-28 years). Eligibility also extends to parents and grandparents (55 years and over) of the main applicant and spouse.

Malta’s Granting of Citizenship for Exceptional Services by Direct Investment (CDI) was introduced in November 2020.

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Residency By Investment

Malta offers a number of attractive residency-by-investment programs with individual programs designed to attract investment from both, third-party nationals and EU/EEA citizens.

The long-standing Malta Residency Visa Program (MRVP) was first launched in 2016, and in March 2021 it was replaced by a new, but similar program entitled Malta Permanent Residency Program (MRVP). The details of these residency programs and other tax driven residency programs are listed below:

Malta Permanent Residency Program (MPRP) is Malta’s new residency-by-investment program introduced in 2021 that offers permanent residence to third-country international investors who fulfill the following criteria:

  • Purchase or rent residential property for a minimum of five years from the date of issuing the residence certificate. The minimum investment required is 300,000 euros on the purchase of property and 10,000 euros for a rental property.

  • Pay an administrative fee to the Maltese Government of 40,000 euros, of which 10,000 euros will be paid upfront at the time of the initial submission.

  • Make a financial contribution of 58,000 euros in the case of renting a property or 28,000 euros in the case of purchasing property.

  • Donate 2,000 euros to a local based charity

Investors must be able to demonstrate they are in possession of 500,000-euro capital assets, of which 150,000 euros must be in the form of financial assets and this must be maintained for the first five years of annual compliance. Financially dependent family members of the main applicant may be included in the application subject to additional fees.

Global Residence Program (GRP): Essentially a tax driven program for non-EU investors, applicants may benefit from a flat tax rate of 15% on foreign source income remitted to Malta. Investors with a regular income, including a pension, can qualify for this program by meeting the following criteria: pay an application fee of 6,000 euros, pay an annual minimum tax of 15,000 euros, and purchase or rent residential property (in the case of purchasing a minimum of 220,000euros, in the case of renting for at least 8,750euros per year).

Investors for the GRP must not reside in any other single jurisdiction for 183 days or more and have EU health cover. This program needs to be renewed each year.

The Residence Program (TRP): This program attracts investors from the EU, EEA and Swiss nationals who are not permanent residents of Malta. Like the GRP, this program offers attractive tax benefits to its investors. Investors to this program may benefit from a flat tax rate of 15% on foreign source income remitted to Malta.

The investment requirements for the TRP are: pay a 6000-euro application fee, pay an annual 15,000-euro minimum tax, and purchase or rent residential property (in the case of purchasing a minimum of 220,000 euros, in the case of renting for at least 8,750 euros per year).

Investors for the TRP must not reside in any other single jurisdiction for 183 days or more and be in possession of EU health insurance. This program needs to be renewed each year.

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