The Malta IIP or Individual Investor Programme was introduced in 2014 and offers wealthy families and individuals citizenship in a highly respected nation that is a member of the EU. To be eligible for the scheme the main applicant must be 18 or older and meet the requirements listed below:
Fit and proper test
Applicants will not be accepted if they have a criminal record. They must also submit a police certificate from their country of residence in order to be approved.
To be accepted into Malta’s citizenship via investment program, applicants have to prove that they don’t suffer from a contagious disease. They also have to provide proof that they have an international health insurance policy.
Applicants and their families have to make a non-refundable contribution to Malta’s National Development and Social Fund which finances projects related to education, health, social improvement, job creation, and innovation. Amounts are: Main applicant â‚¬50,000; spouse â‚¬25,000; dependent parents & grandparents â‚¬50,000 each; unmarried children between 18 and 26 â‚¬50,000 each and minor children â‚¬25,000 each.
Property purchase or rental
Applicants have to buy a property for at least â‚¬350,000, or rent one for a yearly rent of â‚¬16,000 or more for a period of at least five years.
Applicants also have to invest no less than â‚¬150,000 in financial instruments approved by the government, e.g. stocks, bonds and debentures that benefit the country, and commit to maintain these investments for 5 years or longer.
Once an approved candidate has bought property or signed a property lease, they will be issued a Malta ID document known as an eResidence card. This is the official start of their residency and also shows his or her genuine link with that country.One year after a candidate has established residency in the country they will be granted citizenship. At that stage they qualify for a Malta passport.