Description Maltese program

The Malta Individual Investor Programme (MIIP) requires an applicant to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship.

To qualify for citizenship, the main applicant must be at least 18 years of age and meet the following application requirements:

Contribution to the National Development and Social Fund (NDSF) in the amount of €650,000; and
Acquisition of real estate with a minimum value of €350,000 to be held for at least 5 years; or
Investment in stocks, bonds or special purpose vehicles to be identified by Identity Malta, for a minimum value of €150,000; and
Global health insurance coverage for at least €50,000 for all applicants.

Main applicants can include in their MIIP application:

Spouse
Children (his/her own or those of his/her spouse) of 26 years of age and under, provided that they are not married and that they are financially dependent on the main applicant;
Dependents over the age of 55 years (e.g. parents, grandparents), provided that they reside together with the main applicant and are financially dependent on the main applicant

The application process

In brief, the steps will be as follows:

The main applicant shall provide in English language initial information about him/herself to his/her consultant at our company as follows:
1. Full first and last name as stated in his/her passport
2. Place and date of birth
3. Citizenship(s)
4. Gender
5. Passport number(s)
6. Principal residential address (must be confirmed at a later stage by an original utility bill issued under the name of the main applicant; bank statement with the name and address of the main applicant; tax invoice etc.)
7. Occupation and company name in full, including address and telephone number, as well as web-site if any
8. Pdf copies of passport of the main applicant and all family members which shall be included in the application
Our consultant shall provide this information to IIP Malta Ltd., which shall complete the first background verification.
Should there be no issues of concern, then IIP Malta Ltd. shall issue an invoice for €10,000, being the specialized company non-refundable retainer. At this stage the Client Agreement between the Client and IIP Malta Ltd. is not yet signed, the payment is to be made on the basis the invoice issued by IIP Malta Ltd.
The applicant shall settle the invoice and provide his/her consultant at our company with a copy of the SWIFT confirmation.
Our consultant shall send to the main applicant or to his/her representative a set of application forms to be filled out, together with instructions, as well as the Client Agreement with IIP Malta Ltd. The text of the Client Agreement is not final and shall be signed as is.
The applicant shall with the help of his/her consultant finalize the government application forms and collect the relevant supporting documentation.
The complete application pack, including two original copies of the Client Agreement signed by the main applicant, shall be sent by the client by courier to our company.
After initial verification the complete application pack shall be sent by our company to IIP Malta Ltd. where it is checked for completeness, accuracy and due diligence vetting.
Should there be no issues of concern with the application, IIP Malta Ltd. shall issue invoices for:
Authorized representatives of IIP Malta Ltd. shall countersign the Client Agreement and send one original copy to the address indicated by the client.
The client shall settle the invoices and provide his/her consultant at our company with copies of the SWIFT confirmations.
Upon receipt of these amounts, IIP Malta Ltd. shall submit the complete application pack to the government (i.e. Identity Malta, the government entity responsible for approving applications under the programme) and arrange for the due diligence fees to be sent to Identity Malta upon their request.
Identity Malta shall give its decision on the application and, if favourable, issue the Letter of Approval in Principle to IIP Malta Ltd. Identity Malta shall provide a response - approval, refusal or request for interview - within 120 days of their receipt of the application.
Within 5 days of the Letter of Approval in Principle, IIP Malta Ltd. will issue an invoice to the client asking for the balance of the contribution, which must be paid within 25 days of the Letter of Approval in Principle.
IMPORTANT NOTICE: Upon transfer of the balance of the contribution to the account of IIP Malta Ltd., the entire amount of the contribution becomes non-refundable under any circumstances. In the event that the applicant decides not to proceed with the application for the Maltese citizenship for whatever reason, then, according to the laws and regulations governing the MIIP, he forfeits his right to reimbursement of the contribution amount.
Within 4 months of the Letter of Approval in Principle, proof must be submitted to Identity Malta that the applicant has a contractual undertaking to complete the real estate purchase or fulfil the lease, as well as complete the requisite €150,000 investment required by Identity Malta.
Once the Letter of Approval in Principle has been issued, Malta Immigration will be able to grant the client and his/her family members a National Visa for a period 90 days or more, allowing the him/her (and his/her family) to visit Malta in order to take the Oath of Allegiance, complete any property viewings and/or purchases, and provide their biometric data (fingerprints).
Within 2 years but no earlier than 6 months from the date of the application, provided all conditions have been met, a Certificate of Naturalisation shall be issued. This will only become available to the applicant once the Oath of Allegiance has been taken at Identity Malta’s office in Valletta, Malta.
The Certificate of Naturalisation shall be required to complete the passport application.
All applicants over the age of 12 must collect their passports in person in Malta.
IMPORTANT NOTICE: At the time when you file your passport application, you must have a recommender available to you. Such recommender must sign the passport applications together with the main applicant and each member of his her family. The recommender must be either a Maltese citizen or any Commonwealth citizen (e.g. citizen of the UK, Canada, Australia, Saint Kitts & Nevis, etc.). The recommender must also be either a minister of religion, or a medical or legal practitioner, or an architect, or a civil servant at the discretion of the Passport Office, or a bank manager. We advise to make sure in advance that such person is available.

Fees and Programme Cost

The following contributions and fees shall be required to qualify for citizenship under the MIIP:

Contribution

Principal applicant: €650,000
Spouse: €25,000
Each Dependent child aged 0-17: €25,000
Each Dependent aged 18-26, not married and financially dependent on the main applicant: €50,000
Each Dependent aged 55 or above, residing together with the main applicant and financially dependent on the main applicant: €50,000

Due diligence fee

Principal applicant: €7,500
Spouse: €5,000
Each Dependent child aged 0-17: €3,000
Each Dependent aged 18-26: €5,000
Each Dependent aged 55 or above: €5,000

Passport fees per person: €500

Bank charges per application: €200

Our client fees:

Principal applicant: €70,000
Spouse: €15,000
Each Dependent child aged 0-17: €10,000
Each Dependent aged 18-26: €15,000
Each Dependent aged 55 or above: €15,000

Next Steps

Due Diligence

Please get in touch with us in order to provide the initial personal information, required for initial due diligence, if you have not done this before.
We ask those clients, who have already completed the J1 check, to get in touch with one of our consultants via e-mail and confirm that you are ready to proceed with submitting the application as described in the MIIP.

Payment of specialized company retainer

Upon receipt of invoice from Malta IIP Ltd. please remit €10,000 as per indicated bank account details and send a copy of the SWIFT confirmation to your 5 Stars Europe consultant.

Receipt of programme documents

Your consultant send you an e-mail containing: the Client Agreement with IIP Malta Ltd. and all the government application forms together with instructions.

Filling out the application forms

You fill out all application forms as drafts and prepare the additional documents in consultation with your contact person at 5 Stars Europe .

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