Friday, 19 December, 2014

Developments in the Maltese Citizenship by Investment Programme

Since the Individual Investor Programme (IIP) was set up in November 2013, 'Identity Malta'; the authority set up by the Government to oversee the programme, has received around 300 applications for citizenship. Identity Malta has confirmed that a number of citizenship applications have now been approved, with those particular applicants having already been resident in Malta for one year.

The one year residency clause, meaning that citizenship in Malta can only be granted after 12 months, has been an important addition to the IIP. During these 12 months, applicants will need to be present in Malta for a set period of time (but not necessarily 365 days).

Applicants will also be required to provide evidence of a genuine link with Malta. Links include, but are not limited to; property purchase or leasing, investment in Government Bonds, a business relationship in Malta, the opening of a company office, and/or employment of Maltese individuals. Those who have been resident in Malta for one year prior to IIP approval will already satisfy this requirement.

For further information, please refer to the attached information sheet which gives a broad overview of the necessary steps that need to be taken to apply for Maltese citizenship.

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