European countries always fascinate people around the world with their natural scenery and development. Malta is one of the adorable European countries located in the Mediterranean Sea. Its rich natural heritage, high standard of living, economic growth, and fruitful investment options attract the attention of many investors.
Similar to other European countries, Malta’s government citizenship by investment in Malta also runs an investment citizenship program entitled Malta citizenship by investment program or MEIN. The program grants qualified investors and their families citizenship of Malta with abundant benefits. The program helps in Malta’s overall economic growth and business innovations.
According to the Maltese Government data, every year, the country grants citizenship to up to 400 applicants. According to the amount and residency type, Investors can make an investment through one of the below-mentioned options.
Contribution
This is the direct investment option. In this option, you will have to invest in the government-organized trust, National Development, and Social Fund. The government uses this fund for different projects and sectors, including public health, education, and social reforms.
- The first investment option compels the investor to make a minimum investment of €600,000 with proof of 36 months of residency in Malta.
- The second option needs an investment of €750,000 with 12 months of residency in the country.
If the principal applicant wants to include an additional dependent, they will have to contribute €50,000 per dependent.
Real Estate Property
Due to the rich location between the Mediterranean Sea, real estate property is the primary focus for many investors. There are different types of real estate properties where investors can invest.
These two investment options are available to obtain Malta citizenship.
- The investor will have to purchase a real estate property with a minimum value of €700,000.
- Investors will have to take real estate property on lease with an evaluation of €16,000 per year rent.
Note: You cannot sell the retail property for up to five years after the purchase from the date of the certificate of citizenship.
Donation
Yes, you read it right. You can get citizenship of Malta by donating at least €10,000 to a registered non-governmental charitable organization.
Other requirements for Malta citizenship
Investment is the only aspect of the Malta investor visa. Apart from investment, you will require proof of your residency in the country. You will have to give one-year residency proof for a minimum investment amount of €750,000. Also, you choose another option with less than €600,000 with the evidence of three years of residency.
Conclusion
Malta is one of the rapidly growing European countries that offer their citizens a high standard of living and other abundant benefits. Also, Malta citizenship can provide access to Schengen countries and visa-free travel to 186 countries. Malta citizenship by investment program allows investors to expand their investment into the heart of Europe.
However, it is important to enrich knowledge about investment in any foreign country before making it. So, you can take the advice of a Malta investment visa consultant in India, Ajmera Law Group. Their consultants will help you get Malta citizenship.
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