Individual Investor Programme (Citizenship)

The Individual Investor Programme (the ‘Programme’) secures Maltese citizenship and therefore EU citizenship for fit and proper qualifying individuals and their dependents, thereby permitting applicants to live and work in any of the 28 EU member states.

In order to apply for citizenship under the Programme, an applicant is required to:

• settle a prescribed contribution of € 650,000 to sovereign funds being constituted for the purpose, plus an additional € 25,000 in respect of the applicant’s spouse and each minor child (below 18 years of age) and/or a further € 50,000 in respect of each unmarried child between 18 and 26 years of age and any dependent parent above 55 years of age;
• purchase immovable residential property in Malta having a minimum value of € 350,000 or take on lease immovable residential property in Malta against annual rental consideration of at least € 16,000;
• take up residence in Malta in the first year subsequent to application;
• make an additional investment of at least € 150,000 in approved investments;
• be covered by a global health insurance policy and confirm that they are in a position to retain such policy indefinitely;

Additional prescribed due diligence and passport fees and bank charges are also levied in connection with the Programme.

Malta does not exercise jurisdiction to tax by reference to citizenship. However, resident citizens who are not domiciled in Malta would be chargeable to tax in Malta on income and capital gains arising in Malta and income (not capital gains) arising outside Malta which is received in Malta.

Some other important features of Malta’s tax system that should be considered are that:

• Malta does not levy wealth, capital or estate taxes.
• No exit / entry taxes are levied in Malta on a shift of fiscal residence and / or corporate domicile.