
Malta is a wonderful Mediterranean island, which used to be a British colony, and today is an independent state - a member of the European Union. Malta pleases not only with wonderful weather, colonial architecture and clean sea, but also with comfortable investment climate, enviable conditions for international business and ... European citizenship for investment!
Malta: Economics and citizenship
Like the rest of the countries, Malta has suffered from the economic crisis. But unlike other countries that got into debt, trying to improve their business, Malta is trying to independently solve financial problems by selling ... citizenship for investment.
According to the Law on Citizenship, to get a Maltese passport (and, therefore, to become citizens of the EU) can those who:
- had British citizenship before the proclamation of independence in Malta;
- was born on the island;
- has the right to the citizenship by descent (through father who was born in Malta) or by naturalization (when legally residing on the island for more than five years);
- married a Maltese (after five years of marriage with a citizen of Malta);
- is a citizen of the British Commonwealth.
But in view of the difficult economic situation, the Government of Malta has adopted amendments to the Law on Citizenship, and now the members of the Individual Investor Program (Individual Investor Programme - IIP) are also able to receive a cherished passport. Wealthy foreign citizens over eighteen, having an impeccable reputation (it is necessary to confirm by the certificate of criminal record absence from Malta police and the police of the country of residence) may use this program.
Those who wish to acquire a citizenship of Malta should make a donation to the National Development Fund, and then to apply for naturalization and obtaining a Maltese passport. In the statement you can include your spouse, minor children, as well as children under 26 years old, unmarried and dependent on the applicant and one of the parents over 55 years, dependent on the citizenship applicant.
The price of the issue, pros of Individual Investor Programme and special conditions
Individual Investor Program has a lot of pros: Malta receives the monetary assets it requires and improves its economic situation, and those wishing to obtain the EU citizenship - a passport, entitling to move freely throughout Europe and to reside in any of the twenty-eight EU countries.
As for the size of investment, the applicant must invest 650,000 Euro in Malta economy to join the program, as well as to pay 25 000 Euro for his spouse and minor children, and 50 000 Euro for parents and children aged 18.
It should be noted that filing documents for a citizenship of Malta by Individual Investor Programme is possible only through an accredited company, the exclusive representative of which is our 5 Stars Europe. We will help you gather all the necessary documents, translate them into English, certify translations, enter into investment contract and apply to the appropriate State authority in Malta. With our help you’ll become the owner of the citizenship of Malta in the shortest possible time and without any trouble.
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