Malta Citizenship and Residency by Investment
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Posted by
Bassel Zoueiter - Posted in Blogs
Maltese Citizenship by Investment may be granted under an amendment passed in November 2013 to the Maltese Citizenship Act, Chapter 188 of the Laws of Malta. These amendments provided the framework for the enactment of LN 47 of 2014. The “Malta Individual Investor Program (MIIP) rules provide for affluent persons of impeccable standing and repute to be naturalized and to receive Maltese citizenship on the basis of a contribution to and investment in Malta.
To qualify under the regulations, a Main Applicant for citizenship must be at least 18 years of age and must meet the requirements outlined in this factsheet. The main applicant may also add dependents to a citizenship application his/her spouse, children and parents or grandparents, under certain conditions, to benefit under the Malta Citizenship by Investment Program. Beneficiaries under the Global Residence Program may also additionally apply for citizenship under this Program.
This is a great option for foreign investors who are looking for a fast track to obtain a second passport as the program allows to bypass the permanent residency process and directly achieve citizenship.- Bassel Zoueiter
