In order to qualify, the main applicant must:
Be at least 18 years of age and be of good standing;
- Provide proof of having been resident in Malta for 12 months prior to the issue of a certificate of naturalization.
- Individuals are not required to be physically present in Malta for the full 12 months but are required to provide evidence of sufficient connection and close ties to the country;
- Satisfy the following investment criteria upon the letter of ‘in principle’ approval of citizenship by the authorities:
- make a one time contribution of €650,000;
- hold immovable* residential property situated in Malta having a minimum value of €350,000 (approximately USD473,900) or lease immovable residential property in Malta for a minimum annual rent of €16,000 (approximately USD21,664) (property purchased or leased must be retained for at least five years from date of purchase/lease);
- other investments in Malta to an amount of €150,000 (approximately USD203,100) amongst others in government stocks, bonds, debentures, special purpose vehicles, or other investment vehicles as may be identified by the competent authority.
- Applicants must have a Global Health Insurance coverage for at least €50,000 for the main applicant and each of the dependants and must give proof that they can maintain the same for an indefinite period.
*Immovable property cannot be let or sublet.
Principal Applicants can include in their IIP application:
- Spouse – in a monogamous marriage or in another relationship having the same or similar status to marriage;
- Dependents of 18 years of age and under;
- Dependents between the age of 18 and 26 years of age, who are not married and who are wholly supported by the main applicant and form part of the household;
- Dependents over the age of 55 years (e.g. parents), who are wholly supported by and who form part of the household of the main applicant.
One-time contribution amounts of which €10,000 payable by the main applicant is non-refundable.