Malta Golden Visa and Citizenship by Investment in 2024

Seeking a gateway to a thriving European lifestyle and a secure investment haven? The magnificent island nation of Malta could be an option for you.

Beyond its breathtaking landscapes and historical treasures, Malta boasts a reputation for economic stability, political robustness, and a commitment to excellence. 

As a member of the European Union since 2004, this thriving archipelago offers its residents access to a vast range of benefits, including seamless travel within the Schengen Area and a high standard of living that harmoniously blends Mediterranean charm with a cosmopolitan ambiance.

In this comprehensive guide, we will unravel the wonders of the Malta Golden Visa, providing invaluable insights into this exclusive program and illuminating the path to an extraordinary future.

Why Malta?

Malta offers numerous advantages for individuals seeking European residency. As a member of the European Union, Malta grants access to economic and cultural opportunities within the region.

Malta provides seamless travel across 26 European countries, so you can enjoy a visa-free stay across the Schengen Area for 90 out of 180 days, offering numerous advantages for individuals seeking European residency. 

Moreover, the Mediterranean lifestyle in Malta, characterized by a high standard of living, beautiful beaches, diverse leisure activities, and a pleasant climate, further enhances its appeal. The charm of Gozo, Malta's sister island, with its picturesque landscapes and rich historical heritage, is an added attraction.

Not to mention Malta boasts a significantly lower cost of living compared to the United States, with an average reduction of 18.8%. Additionally, rental expenses in Malta are considerably lower, averaging 44.7% cheaper compared to the US as of 2023.

Malta’s Investment Programs

The Malta Permanent Residency by Investment Program is a scheme that allows individuals and families to obtain permanent residency in Malta through a qualifying investment. Successful participants gain the right to live, work, and study in Malta indefinitely, along with visa-free travel within the Schengen Area.

An alternative to permanent residence is the citizenship by investment program referred to as the Maltese Exceptional Investor Naturalization Program (MEIN). Under this program, investors can obtain Maltese citizenship.

Let’s take a look at both of the options below.

Malta Permanent Residency Programme (MPRP)

The Malta Permanent Residency Programme presents an attractive opportunity for individuals seeking permanent residency in Malta as a more cost-effective option. 

Successful applicants are granted a Malta Residency Permit and a residence card, which is the official documentation of their Maltese residency, accompanied by the associated privileges and advantages.

By residing in Malta for a duration of five years as MPRP holders, individuals also become eligible to pursue naturalization as Maltese citizens. This pathway enables non-European Union citizens to attain European residency and offers various routes for eventual Maltese citizenship through investment.

At the core of the MPRP is a residency-by-investment framework is property investments and government contributions. The program is designed with simplicity in mind, appealing to clients who seek to establish Malta as their second home and enjoy the benefits of this esteemed European destination.

To meet the requirements, the applicant must fulfill a three-tier framework: Contribution, Qualifying Property, and Qualifying Investment.

1. Contribution:

To apply for this program, individuals are required to make a total contribution of €40,000. Out of this amount, €10,000 is a non-refundable administrative deposit and must be paid when submitting the application. 

After confirming that the applicant meets the necessary criteria for the program, they are then responsible for paying the remaining €30,000 contribution minus the non-refundable fee already paid during the application process, which is to be settled within two months following the issuance of a Letter of Approval in Principle.

To benefit from the program, individuals must purchase a property valued at a minimum of €350,000 in Malta. However, if the property is located in Gozo or the southern region of Malta, it must have a minimum value of €300,000.

Alternatively, applicants have the option to rent a property instead. In Malta, the minimum annual rent must be €12,000, while in Gozo or the southern region of Malta, it should be €10,000 per year.* 

To be held for a minimum of 5 years, after which a residential property is required*

This program encourages investment in Malta, leading to job creation, wealth generation, and an improved standard of living. 

Applicants must contribute €58,000 to the government, with an additional €7,500 for each dependent parent or grandparent of the principal applicant or spouse. However, if the applicant chooses to purchase a qualifying property, the contribution amount is reduced to €28,000.

Furthermore, the principal applicant must also make a minimum donation of €2,000 to a registered local NGO.

Maltese Citizenship By Investment Program

The Maltese Exceptional Investor Naturalization Program presents an enticing pathway to acquiring Maltese citizenship through strategic investments and a range of valuable perks and privileges.

MEIN is a unique offering within the European Union, granting citizenship through investment, and Malta is the only EU country providing this opportunity.

Initially, investors obtain Malta residency and maintain this status for a period of 1 or 3 years. Following this, they can proceed with the application for a Maltese passport in accordance with the provisions outlined in The Maltese Citizenship Act.

There are steps that the applicant must follow under the MEIN:

• For individuals seeking to acquire a Maltese passport within one year, a minimum investment of €750,000 into the national development fund is required.
• Investing €600,000 will grant eligibility for a Malta passport after three years.

• At this stage, applicants must purchase real estate, with a minimum investment amount of €700,000.
• Alternatively, individuals can choose to enter a property rental contract for a minimum annual rental value of €16,000.

• In addition, a donation of €10,000 to a predetermined non-governmental organization (NGO) is required.

Under the recently introduced program, it is mandatory for you and your family to reside in Malta until you meet the criteria for citizenship.

Benefits of the Malta Citizenship by Investment

The Malta Citizenship program offers numerous benefits to participants. Holders of Maltese citizenship enjoy visa-free travel to numerous countries worldwide, facilitating international mobility and business opportunities. 

Additionally, as a citizen of a European Union member state, individuals gain access to the privileges and rights associated with European Union citizenship, including freedom of movement and access to consular assistance.

1. European Union Citizenship: By obtaining Maltese citizenship through the investment program, you gain citizenship in a European Union (EU) member country. This gives you and your family the right to live, work, and study in any EU country, as well as access to the benefits and opportunities available to EU citizens.
2. Visa-Free Travel: Maltese citizenship grants you visa-free or visa-on-arrival access to over 180 countries, including the Schengen Area, the United States, Canada, the United Kingdom, and many other popular destinations worldwide. This eases international travel and offers greater mobility for business and leisure purposes.
3. English is an Official Language: English is widely spoken in Malta. English holds the status of an official language alongside Maltese, which is the national language. 
4. Quality of Life: Malta is known for its high standard of living, picturesque landscapes, pleasant climate, and rich cultural heritage. The country offers a diverse range of recreational activities, including outdoor sports, vibrant nightlife, historical sites, and a thriving arts scene.
5. Safe Environment: Malta is renowned for its political stability, robust legal system, and low crime rates. The country offers a safe and secure environment for residents, ensuring peace of mind for you and your family.
6. Education and Healthcare: As a Maltese citizen, you and your family have access to high-quality education and healthcare systems in Malta and other EU countries. Malta boasts excellent educational institutions and a well-developed healthcare system, ensuring top-notch services for residents.
7. Tax Benefits: Malta offers an attractive tax regime for its citizens, including beneficial tax rates, double tax treaties with various countries, and tax planning opportunities. The country has a strong economy and a favorable business environment, making it an attractive option for entrepreneurs and investors.

Does Malta Allow Dual Citizenship?

Malta permits dual citizenship, allowing applicants to maintain their current citizenship while acquiring Maltese citizenship. Maltese citizenship bestows individuals with the full rights and responsibilities associated with citizenship.

Who Can Apply for a Malta Golden Visa?

The Malta Golden Visa program has certain eligibility criteria. Individuals who meet the program's requirements, including financial means and good character, are eligible to apply.

The principal applicant must be at least 18 years old, a non-EU national, have a clean criminal record, and have the necessary funds to make the investment.

How to Apply for a Malta Golden Visa?

To apply for a Malta Golden Visa in 10 simple steps:

1. Research the program and ensure you meet the eligibility criteria;
2. Engage a professional advisor for guidance;
3. Prepare the required documents, including passports, proof of funds, and a clean criminal record certificate;
4. Choose your investment option;
5. Submit the application with the necessary fees;
6. Await application review and due diligence checks;
7. Upon approval, fulfill the investment requirements and any remaining obligations;
8. Receive an Approval in Principle (AIP) letter;
9. Complete the investment and provide final documentation;
10.  Obtain your residence permit or "Golden Visa."

Remember to consult professional advice such as High Net Worth Immigration for the most accurate and up-to-date information.

Documents Required for a Malta Golden Visa Application

Applicants also must demonstrate sufficient financial assets to meet the program's investment requirements as well as the following documents are required when applying for a Malta Golden Visa:

1. Passports: Passports for each family member;
2. Cover letter: A signed cover letter provided by you;
3. Police background check: Documents confirming no criminal history;
4. Medical reports: Medical reports for each family member to verify the absence of contagious diseases that could pose a risk to public health in Malta;
5. Due diligence compliance: Document confirming compliance with the due diligence process;
6. Biometric information: Pictures and fingerprints for you and all family members over the age of 12;
7. Marriage or civil partnership certificate: Required for spouses or partners;
8. Birth certificate: Necessary for children, parents, and grandparents;
9. Divorce certificate: If applicable;
10. Custody or court documents: If applicable;
11. Dependency documents: Proof of dependency for adult children (up to the age of 29) or parents/grandparents applying with you;
12. Proof of funds: Evidence of sufficient funds, accompanied by documentation to verify the source of your funds;
13. Bank statements: Bank statements from your home country's bank;
14. Additional supporting documents.

How Long Does It Take to Get a Malta Golden Visa?

The timeline for obtaining a Malta Golden Visa can vary depending on several factors, including the complexity of your application, the volume of applications being processed, and the efficiency of your document preparation. Generally, the process should take four months to a year.

Which Family Members Are Eligible for a Malta Golden Visa?

The Malta Golden Visa program allows for the inclusion of certain family members in the application. The principal applicant who meets the program's requirements can apply for a Malta Golden Visa. 

You can include the following dependents in your residency by investment application:

• Spouse of the principal applicant;
• Children up to the age of 29 of the principal applicant and spouse who are still unmarried and economically dependent on their parents;
• Parents of both the principal applicant and the spouse;
• The grandparents of both the main applicant and the spouse

Do I Need Health Insurance for Malta Golden Visa?

Yes, health insurance is a requirement for obtaining a Malta Golden Visa. As part of the application process, you must provide proof of health insurance coverage for yourself and any accompanying family members. This requirement ensures that applicants have adequate medical coverage during their stay in Malta.

Reasons Why a Malta Golden Visa Could Be Rejected

While the Malta Golden Visa program provides a residency opportunity, it is essential to be aware of factors that could lead to a rejection of the application. These may include:

• Insufficient funds;

• Failure to meet the due diligence requirements;

• Providing inaccurate or incomplete information.

Conclusion

The Malta Golden Visa program offers exceptional opportunities for those seeking a vibrant European lifestyle and promising investment prospects. With its rich history, breathtaking landscapes, and strategic location, Malta stands out among other investment migration destinations.

Malta is a great option if you are looking for a secure gateway to a future filled with limitless possibilities, be it expanding your business, providing a world-class education for your family, or embracing the Mediterranean lifestyle.

Not sure where to get started with your application for Malta’s Golden Visa? Contact High Net Worth Immigration and let us take care of the entire process for you.

Malta Golden Visa FAQ

Which Countries Are Restricted from Applying for Malta Golden Visa?

Applicants from the currently sanctioned countries of Afghanistan, North Korea, Iran, the Democratic Republic of Congo, Somalia, South Sudan, Sudan, Syria, Yemen and Venezuela are ineligible. In addition, applications from the Russian Federation and the Republic of Belarus are currently not eligible to apply for Malta Golden Visa and Malta Citizenship by Investment.

How Can I Get a Golden Visa in Malta?

To obtain a Golden Visa in Malta, non-EU/EEA citizens can invest in Malta by contributing to the National Development and Social Fund and purchasing or renting a property. After meeting eligibility criteria, undergoing due diligence, and submitting an application, successful applicants receive a residence card, allowing them to live and work in Malta.

Does Malta have a Golden Visa Program?

Yes, Malta has a Golden Visa Program. The Malta Golden Visa Program, officially known as the Malta Residence and Visa Program (MRVP), is a scheme that allows non-European Union (EU) individuals and their families to obtain a residence permit in Malta. The Maltese government introduced it to attract foreign investment and stimulate economic growth in the country.

Can I Buy Maltese Citizenship?

It is not possible to buy Maltese Citizenship. However, you may qualify for citizenship through the Citizenship by Naturalization for Exceptional Services by Direct Investment program. To be eligible for this program, you must invest a minimum of €600,000 ($648,000) for citizenship after three years or €750,000 ($810,000) for citizenship in one year while residing in Malta.