Individual Investor Program - Republic Of Malta
If you are a citizen of Non-EU countries such as India, China, Japan, Indonesia, Australia, South Africa, Canada, Russia, Singapore, Mexico, Middle East etc., and some of the other countries that have had more difficulty with the Individual Investor Schemes then Malta is the place to go. Currently Malta is very stable and the economy is growing fast particularly in the high tech & Financial sector. Malta also offers residency for a very reasonable investment cost.
Malta is in the Schengen area which is a group of countries that have got rid of passport and immigration controls at their common borders.
People travelling to and from Schengen areas will not need to have their passports checked at the borders, however at anytime of travel, Immigration Police may request to check documents.
Maltese Government introduced a new Individual Investor program. This offers special tax status to third country nationals in Malta. To apply for this program you need to satisfy certain criteria such as buying or renting property in Malta and paying a minimum annual tax liability on foreign income received in Malta.
Below are the complete details Individual Investor Program.
DETAILS INSIDE:
1) INDIVIDUAL INVESTOR PROGRAM-REPUBLIC OF MALTA
2) Benefits
3) Mandatory Requirements
4) Processing of Application.
5) Essential documents
6) Fee Schedule & Required contributions
7) Complete Quotation
8) Contact details
9) Countries & Destinations we serve
10) Disclaimer
INDIVIDUAL INVESTOR PROGRAM- REPUBLIC OF MALTA
This unique program provides opportunity to obtain Maltese as well as EU citizenship. So that the applicants who have gone through the essential requirements will have lawful rights & freedom to live, work and study in Malta as well as in any other European Union Member countries.
Maltese Passport is one of the few most reputed passports and it is ranked 9th in the way it provides travel freedom. Maltese passport will give access to its Citizens as good as to 182 countries including USA & Canada visa-free and visa on arrival .
From the past few good years Malta witnessed tremendous growth in terms of its economic progress & left its own impression as one of the most important International Business destinations. Malta’s location is a strategic one as it is located at the cross roads between Europe, Africa & Middle east, those who wants to explore European, African & Middle east markets then Malta is the ultimate destination for investments & also benefits from Maltese tax efficient polices both personal & corporate taxes.
Benefits
Citizenship is granted just in one to two calendar years
Dependent parents & children (below age 26) can be included in the application made
Access to its Citizens as good as to 182 countries including USA & Canada visa-free and visa on arrival .
Lawful rights & freedom to live, work and study in Malta as well as in any other European Union Member countries including Switzerland.
No frequent physical presence & residency requirement.
Globally accepted education & healthcare system
Dual citizenship option
Maltese tax efficient polices both personal & corporate taxes.
Mandatory Requirements
Following are the requirements to qualify for the Program
Applicant need to invest in Property not less than €350,000 for minimum 5 years.
One time minimum contribution of €650,000 to the Government of Malta’s National Development & Social fund
Or
Rental Contract arrangement for not less than €16,000 per annum for minimum 5 years
Investment of €150,000 into Bonds or Equity on the Malta Stock Exchange.
Required Health insurance cover of minimum €50,000 per family member acceptable worldwide
Pass a Fit & Proper exam
Must have been legally resident in Malta for minimum period of 12 months.
Processing of Application.
We are the group of dedicated professionals ensuring clients with proper advice, all kinds of support during the application process. With our extensive network of offices and professional service partners we have been able to work closely with our clients in every step of the application process, making sure that our clients successfully qualify, apply, process and finally get their Malta citizenship.
Following are the application process:
Consultation with Sovereign residency & Citizenship advisor to discuss & determine suitable program & investment options.
Sovereign advisor then prepare a comprehensive offer and client engagement letter with complete details of the benefits, mandatory requirements & applicable investment options to the Malta Individual Investor program.
Confirmation of travel arrangements to Malta. To do this applicants require a valid passport & Schengen visa. So it is good to stay for minimum three to four working days to accomplish with all these.
On visit Sovereign Malta team assist the applicants with all the requirements & also assist in finding suitable property leasing.
Sovereign is appointed as power of Attorney, So Sovereign assist the applicants prepare and submit an e-residency permit application and submit their biometrics. It takes not less than 10 working days for the e-residency permit to be issued. Then only Sovereign will submit the complete IIP application.
Within 90 days of the submission of an IIP application, Identity Malta will verify whether the application has been certified as formally correct and that all relevant information provided by the applicant has been verified by one or more independent due diligence agents.
Thirty days from the date of verification Identity Malta will further review the application and confirm whether the application has been approved in principle.
After approval Identity Malta will issue a Letter Of Approval in principle, then remaining qualification requirements should then be met and supporting evidence provided to identity Malta.
Within two years (usually around 12 months), but not less than six months from the date of application and subject to a verification that the conditions of the letter of approval in principle have been satisfied, a certificate of naturalization is issued in the name of the applicant.
The applicant is required to make an oath of allegiance after which the certificate of naturalization becomes effective and their passport will be issued.
Essential documents Needed
Following documents to be provided by the applicant
Valid Passport & Schengen Visa
Birth Certificate
Any residency card (if available)
Reference letter from the banker along with Bank Statement for last 3 months
Source of Earnings & Wealth Proof
Business Ownership Proof, if any
Employment proof (if applicable)
Marriage/Divorce Certificate(if applicable)
Evidence of military service (if applicable)
Original Police certificate from each country the individual has resided in for a minimal cumulative period of six months and over in the last ten years and for all countries of citizenship held
All the required forms & supporting documents must filled in English language or, if the original language of the document is not in English, the documents need to be submitted along with an authenticated translation.
Fee Schedule & Required contributions
Below are the details of the contribution requirements to be made by applicant to the Malta National Development & Social Fund (NDSF) on behalf of each person to be included with an application.
Complete Quotation
We can give the complete quotation detailing the entire cost only on submitting us the complete documentations we require as the cost vary from one applicant to other as the costs depends on number of factors like the type of property selected, number of family members included in the application e.t.c.,
It is good to contact is with complete information to arrive at the final quotation.
Contact for more details:
India, Bahamas, Bahrain, China- Beijing, Shanghai, Cyprus, Gibraltar, UK-Londan, UAE-Abu Dhabi, Dubai, Turks & Caicos Islands, Mauritius, Malta, Isle of Man, Hong Kong, Guernsey.
Disclaimer
As we have made every possible effort to ensure correct & accurate details, still the above information and any part of its content does not constitute legal or any other form of binding advice. We are not responsible, legal or otherwise for any kind of errors & omission.
Good information
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