Malta Citizenship: Prestige and Opportunity with RIF Trust


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Uploaded on Apr 22, 2024

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Discover the prestigious Malta Citizenship Program with RIF Trust. Gain access to European Union citizenship, allowing you to live, work, and study anywhere in the EU. RIF Trust offers expert guidance throughout the process, ensuring a smooth journey towards obtaining Maltese citizenship. Unlock a world of opportunities and elevate your global status with Malta citizenship through RIF Trust.

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Malta Citizenship: Prestige and Opportunity with RIF Trust

Malta Citizenship Summary Malta Citizenship by Investment Invest in Malta In November 2020, the Maltese Government established Upon approval of citizenship, you will be asked to the Maltese Exceptional Investment Naturalisation make a direct investment, contributing to the National (MEIN), formally known as ‘The Granting of Citizenship by Development and Social Fund: Naturalisation for Exceptional Services by Direct Investment.’ This grants Maltese citizenship to investors following a Main Applicant period of residency. Families enjoy being a citizen of a stable • EUR 600,000 after at least 36 months residency, or and safe European country with a strong economy. • EUR 750,000 after a minimum of 12 months residency Set in the heart of the Mediterranean, Malta boasts a rich history and cultural tapestry that dates back over 7,000 Spouse or de facto partner years. Recognised as a neutral state, Malta is also a proud • EUR 50,000 member of the Commonwealth. An exceptional places to do business, Malta has one of the fastest-growing economies Unmarried dependants under 29 and the top GDP growth rates in the EU, and its favourable legislation supports company growth. • EUR 50,000 each Dependent parents and grandparents over the age of 55 The MEIN allows for the granting of citizenship to you and your family in exchange for a direct investment in • EUR 50,000 each the Republic of Malta that contributes to the social and economic development of the country. This comprehensive procedure requires either a three-year commitment or a more intensive one-year option through a higher Property investment, and incorporates a thorough due diligence process. This multi-tiered system is renowned as one of Meet one of the following criteria: the world’s most stringent for citizenship by investment, ensuring that only the most suitable candidates qualify. • Commit to EUR 16,000 per annum for a leased residential property in Malta and maintain for at least fi ve years after naturalization • Fund a EUR 700,000 purchase of a residential property in Requirements Malta to be held for at least fi ve years after naturalization Note, you will need to secure a residential property during To qualify for citizenship, you must be over 18 years of age, the residency period. be of outstanding character, and have no criminal record. You must be in good health and pass strict government due diligence checks. Charity Donation Make a EUR 10,000 donation to a registered philanthropic Malta Residence cause, cultural, sports, or animal welfare foundation, approved by the Community Malta Agency. You and all adult dependants must have been a legal resident of Malta for three years or, by exception, at least one year. Prior to being naturalized, connections to Malta Health Insurance during the residency period must be demonstrated. All applicants must have global health coverage during the residency period. Qualifying Dependants As the main applicant, you can add your spouse as a dependant. Like you, they must be over 18 years of age, be of good character, and have clean criminal and health records. You can also include dependant, unmarried children under 29 years. In addition, you can add parents and grandparents who are over the age of 55 as dependants. Dual Citizenship Malta permits dual citizenship. Further Criteria Once the residency process is near completion, we will submit a request to the Community Malta • The Malta Citizenship Act states that any applicant who Agency (CMA), the Government agency overseeing has been denied a visa to a country with which Malta has the MEIN. It typically takes up to 30 business days visa-free travel arrangements and has not subsequently for the agency to give us an appointment for your visit to Malta in order to capture the biometrics of all obtained a visa to the country that issued the denial will adult applicants, which is a requirement for the Malta not be eligible for Maltese citizenship. Residence Cards. Month 3 Secure a Residence in Malta • In addition, any applicant or dependant who is subject to a criminal investigation, considered a potential national The applicant will need to lease a property for a minimum of 36 months or purchase a property in security threat, involved in any activity likely to cause order to fulfi l the residence stage of the application disrepute to the country, or who provides false information as this will help demonstrate genuine on the application shall not be approved for citizenship. ties to the country. Most clients choose to lease a property at this stage and we are able to fully Along with other naturalized citizens, Malta publishes the manage your property to ensure a hassle free names of successful applicants. experience. Property conveyance and management fees apply, whether property is secured through our Real Estate network, or independently. Our property Government Due Diligence Fees management is not mandatory. We will request to receive the initial residence • Main Applicant - EUR 15,000 government fees and EUR 10,000 government contribution as part of your residency application. An • Dependants 13 years and over - EUR 10,000 advance payment of EUR 10,000 will also be required if we secure your residency lease or alternatively paid • Spouse - EUR 10,000 directly to the landlord. • Benefactor - EUR 15,000 Month 4 Residency Appointment with Community Malta Agency We will help coordinate your fi rst visit to Malta and Taxation take you to your appointment with CMA, typically 15 to 22 business days after your CMA visit the residence cards will be issued. We will advise on the days to be If you are considered a resident of Malta but not domiciled, spent in Malta during the residency stage. Clients you only pay tax on income earned within or remitted to may take the opportunity to familiarise themselves Malta. If you spend more than 183 days per annum in Malta with the Maltese islands. or make the country your primary place of residence, you Month 5 Citizenship Application will be taxed on your worldwide income. A personal tax Shortly after your appointment with CMA, we rate goes up to 35%. The country does not levy estate or recommend you visit our offi ce to work on the actual gift taxes but does collect a capital gains tax on a variety citizenship application directly with your dedicated of assets. The standard VAT in Malta is set at 18%. While the Relationship Manager (RM), unless you are working on this process with your agent or representative corporate tax rate is 35%, certain exemptions exist for non- in your country. The citizenship application is a resident companies. two-pronged process. Your RM will also be able to set up an appointment with a local notary to have the required supporting documentation certifi ed in Malta instead of in your home country, for your Summary of Key Advantages convenience. Moreover, the RM will coordinate the necessary appointments in relation to your • By becoming Maltese Citizens, applicants receive a wealth application, such as with a local doctor to facilitate of intangible benefi ts the required medical forms. Month 6 Approval in Principle • Malta is a European well-respected and neutral country, also a member of the Commonwealth Upon receiving the Approval in Principle from CMA you will fi rst need to pay the balance of the • The Malta Citizenship-by-Investment is a very exclusive contribution owing to the National Development opportunity and Social Fund within 45 days. Then you must fulfi l the remaining obligations, namely proof of property, • Citizenship is for life, may be passed on to future and charity donation. generations, and affords the right to work and live in Malta Month 7 Oath of Allegiance and Passport Application • Malta has one of the fastest growing economies in the EU With all of the prerequisites fulfi lled the government and is a favourable place for business will issue an invitation letter for you to visit Malta and swear the Oath of Allegiance. Please note every family member 18 years of age and older must take the oath. We will help to organise your visit to ensure Process Overview a smooth process. Shortly after a Certifi cate of Naturalization will Month 1 Initial Due Diligence and Pre-Approval be issued and we will proceed with the passport application. Upon submission of the passport Primary applicant must complete our due diligence application we expect you will be able to pick up your form and send it back along with scanned copies of Maltese passports within one to two weeks. Please your passports for all family members who will be note that every family member 6 years of age and included in the application. older will need to be present for the biometrics of their passport. Month 2 Client Agreement (CA) and Residence Application We will send the CA and request the initial retainer to complete the client on-boarding. A dedicated Relationship Manager will work with you on the residence application. Unless you have global heath insurance that qualifi es, we will obtain quotes locally for your coverage and the price will vary depending on age and overall health status. 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