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Malta Second Passport
Malta offers investors of good standing to acquire a
Malta Second Passport under Malta's Individual Investor Programme.
Eligibility for Malta Second Passport
Malta's IIP is the only EU-approved Citizenship by
Investment Programme in Europe and is subject to the following eligibility
criteria:
-
Good standing and reputation ('fit and proper' test);
-
A non-refundable Contribution of 650K to the Malta Social & Development Fund,
with additional lower contributions for dependent family members ;
-
An Investment in Approved Bonds or Securities amounting to 150K for a minimum
of 5 years;
-
The Purchase of Residential Property in Malta at a min. value of 350K or the
Rental at 16K per year for a min. of 5 years, and
-
Evidence of a Genuine Link with Malta including recognition as a Resident of
Malta for at least one year.
Malta Second
Passport vs. Malta Residence Permit
The following is
a summary are the differences between the requirements for Citizenship by
Investment (Malta Second Passport) and the Global
Residence Programme:
|
|
Maltese
Citizenship |
Maltese Residency |
|
Residence
Status |
Residence
for one year (issued within 5-10 days) until citizenship is granted. |
Indefinite stay subject to compliance with rules and payment of min.
tax. |
|
Contribution / Donation |
650,000
+ 25/50K for dependents |
0 |
|
Property
Investment |
350,000 |
220,000
(South Malta, Gozo) or 275,000 (rest of Malta) |
|
Rental
option in lieu of Purchase |
16,000
p.a. x min. 5 yrs |
8,750 -
9,600 p.a. |
|
Investment in Approved Bonds |
150,000
for min. 5 yrs |
0 |
|
Minimum
annual tax |
n/a |
15,000
per family |
|
Basis of
Taxation |
Source +
Remittance basis while resident. Source basis if non-resident |
Remittance basis |
|
Special
Tax Rate |
n/a |
15% on
foreign source income remitted to Malta. |
First Malta Citizenship Approvals in 2014
In
November 2014, the Malta second passport programme has enjoyed the first
approvals of the first applicants for Maltese citizenship by investment under
the MIIP, represented by our Malta office.
Article:
First Malta Citizenship Approvals (Dr Jean-Philippe Chetcuti, Malta)
Article:
First citizenship approvals granted (Times of Malta)
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