Investing in Tomorrow: Malta Citizenship and Economic Opportunities

The island country of Malta, located in Europe’s southern part, isn’t unknown to you. Right? What makes Malta more appealing is its scenic beauty and breathtaking landscapes. The adaptable climatic conditions of this pretty island make a livelihood here all the more favorable. You could take advantage of the long, sunny summers and the magnificent autumn and spring. Winter isn’t too chilly here as well.

You were mistaken if you thought Malta was only about good weather and beautiful surroundings. Its economic growth, one of the highest in the European Union, is worth mentioning. Does all these tempt you to make Malta your second home? Well, there are ways to do the same, one of them being attaining citizenship through investment.

Eligibility for Citizen By Investment in Malta

Malta’s Citizenship by Investment program came into being in 2021, and here are a few criteria to meet to attain the island country’s citizenship by investment.

• You should be 18 and above.
  
  
• You must have a residence card for 1 to 3 years before applying for the citizenship program. The residence card fee is €27.50 for each person.
  
  
• If you have lived in Malta for at least three years, you should invest around €600,000; if you have lived in the island country for a year, the required investment amount totals €750,000. If you will shift with your spouse, you should invest an additional €50,000. The amount is the same for dependent parents, kids, and grandparents. You will have to pay €50,000 per person in that case.
  
  
• You must purchase a residence property in Malta worth €700,000 and retain its ownership for at least five years. Another option is to acquire a property through a 5-year lease with a minimum rent of €16,000. Selling or subletting the property in five years isn’t allowed.
  
  
• You can donate €10,000 to any philanthropic, sport, animal welfare, or cultural organization that the Community Malta Agency approves. You must also have a valid donation receipt and submit it when required.
  
  
• The applicant and the dependants must submit proof of sound health and no contagious disease. They must also have international health insurance coverage until the citizenship is granted.

What are the benefits of having citizenship by Investing in Malta? 

Here are some privileges you and your family members can avail when you have citizenship by investment in Malta. Let’s take a look:

1. From 2004 onwards, Malta became a European Union Member. So when you acquire citizenship of this island country, you and your family can work, live, and study across the European Union. Your kids also have access to study in Maltese schools and universities.
   
   
2. You can travel to 185 countries worldwide sans any visa. The Maltese passport will suffice. Of the many countries you could travel to hassle-free if you are a citizen of Malta, some include Japan, the USA, the UK, Singapore, Hong Kong, etc.
   
   
3. Malta excels in healthcare services, and when you are a citizen of this country, you can avail yourself of health insurance and access all the facilities it covers. These include hospitalization costs, pregnancy, childbirth, and prescription medications.
   
   
4. Another good news is if you have attained Maltese citizenship through investment, you can start a business in Malta and any country in the European Union. That is an additional benefit indeed.

Does Malta Allow For a Dual Citizenship? 

Yes, Malta allows provisions for dual citizenship. If you have acquitted Maltese citizenship through investment, the country will not ask you to renounce the citizenship of the country where you reside. However, this can be the other way around. The country where you reside might not have provisions for dual citizenship.

Can Everyone Apply For a Citizenship By Investment In Malta? 

Anyone who is 18 and above can apply for Maltese citizenship. However, there are restrictions for citizens of some countries who cannot apply for citizenship in Malta. These include:

• Afghanistan
• North Korea
• South Sudan
• Iran
• Suda
• Yemen
• Venezuela
• Syria
• Democratic Republic of Congo
• North Korea
• Somalia

Individuals with ties to the abovementioned countries cannot apply for citizenship in Malta. There can be an alteration in the banned country list at any time.

Can the Family of the Main Applicant also be eligible for Maltese Citizenship? 

Yes, they can. Your spouse and kids below 18 will be eligible for citizenship in Malta. If you have dependent parents and/or grandparents above 55, they will also qualify for the citizenship program.

Does the Applicant and His Family Submit Biometric Data When Applying For Citizenship? 

Yes, at some point or another, all the applicants must visit the Malta passport office or Maltese embassy and submit biometric data. Children below six are exempted from the same. However, for individuals aged 12 and above, biometric screening includes scanning their facial features and fingerprints.

Can You Vote If You Are Resident By Investment in Malta? 

Yes, you can vote in the elections after attaining citizenship if you have resided in Malta for at least six out of eighteen months.

Do You Have an EU passport when you are a Maltese citizen? 

Malta Citizenship by Investment Program – Maltese EU Passport – As the name suggests, when you have a Maltese passport, you get all the rights that residents of other European Union have. Acquiring a Maltese passport means you have a European Union passport. You can study, work, and live in Malta and anywhere in the EU.

Conclusion 

So, suppose you desire to acquire citizenship in one of the most beautiful countries and take pleasure in the umpteen benefits the country provides in several fields, from health to education to a prospective business opportunity. In that case, the Malta Citizenship by Investment Program will be a perfect choice for you. When you are a citizen of Malta, you get access not only to the country but also throughout the European Union. What could be better than that? For a more detailed insight into citizenship by investment in Malta and other EU or non-European Union nations, you could visit GlobalResidenceIndex.com.