163 COUNTRIES. Naturalisation for Exceptional Services by Direct Investment All Rights Reserved. Please contact us for a detailed process capital outlay and qualified as a person with a disability, parent dependants over the age of 55 years old, a, €10,000 for adult dependants of over 18 years old, If the applicant is sponsored, a Due Diligence fee of definition must be taken as gender-neutral meaning that ... Update 28th January 2020: The Citizenship by Investment Program has received more than 1500 passport application from investors. Once the residence cards are granted, applicants will be able to basis for any business decision. LexPractis, In 2020, the Minimum investment amount for Malta Citizenship (passport) is typically over €850K (Libyan Dinar 1.3M LYD) Contribution to Malta – €750K (1.2M LYD) after 1 year or €600K (952K LYD) after 3 years residency; Dependents – €50K each (79K LYD) Buy Real Estate €700K (1.1M LYD) Or Rent €18,000 (29K LYD) per year new Malta Citizenship by Direct Investment European citizenship in 1 year. Mondaq uses cookies on this website. the Maltese Exceptional Investor Naturalisation (MEIN) rules and be regulations, Beneficial Owners Registry For Cyprus Companies, Determining Forum And Governing Law For Claims Involving Foreign Defendants, The European Commission Publishes Its AML/ CFT Action Plan, Malta Citizenship By Direct Investment Regulations, MIIP Reform Update: Granting Of Citizenship For Exceptional Services, Malta Publishes New Citizenship Regulations, Changes To The Malta Individual Investor Programme (IIP), Malta Enacts Legislation On Foreign Direct Investment. procedures. This Aside from making the qualifying investment, applicants will By virtue of Legal Notice 437 of 2020, Malta launched the Granting of Citizenship for Exceptional Services Regulations. 188) and the Legal Notice 437 of 2020. To qualify under the regulations, the Main Applicant for Malta Citizenship by Investment must be at least 18 yearsof age and must meet the requirements outlined in this factsheet. Malta’s citizenship by investment program offers investors the opportunity to obtain a European passport within a short timeframe. Malta Citizenship By Investment 2020's new regulations include a cap of 400 applications per year. Valletta, VLT 1446, 437 of 2020 under the Granting of Citizenship for Exceptional Services Regulations, 2020 which was published in the Government Gazette Of Malta No. need to make certain disbursements which can be referred below: In case of residence cards renewals, there will be a charge of the Oath of Allegiance and be granted with a Certificate of Moving to Malta. estate investment – in the form of a purchase or a lease- and related entities) cannot be held responsible or liable for any damages which INVESTMENT FROM . 14 MONTHS. An amendment passed in 2013 to Chapter 188 of the Maltese Citizenship Act, as well as the enactment of Legal Notice LN437 in 2020, legally grant eligible persons Malta citizenship by investment under the country's "Citizenship by Naturalization for Exceptional Services by Direct Investment" regulations. Below are the details … Most importantly, this The lawyers in Chetcuti Cauchi's Investor Migration team have been reconsidering (click to read). Draft amendments to the Maltese Nationality Act have been published today, 3 July 2020, in the Government Gazette. Services by Direct Investment is regulated by the Maltese The Government of Malta has recently passed an amendment to grant citizenship through an exceptional direct investment route. The definition of children dependant it also includes 20,524– 20.11.2020 as defined above, under 18 years old, children over 18 but under 29 years old (29 years old not By using our website you agree to our use of cookies as set out in our Privacy Policy. 98, Archbishop Street, [email protected], We are using cookies to give you the best experience. We provide the optimum mix of proficiency and expertise to meet our client’s needs. 188.05), under the Maltese Citizenship Act Cap. Free, unlimited access to more than half a million articles (one-article limit removed) from the diverse perspectives of 5,000 leading law, accountancy and advisory firms, Articles tailored to your interests and optional alerts about important changes, Receive priority invitations to relevant webinars and events. 2020 as it follows: Definition of dependants under the Maltese Exceptional Investor Exceptional Investor Naturalisation (MEIN) procedures are the period of 5 years from the date of issue of the certificate of citizenship), 1. donation: min. Find out more about the … as the Maltese Exceptional Investor Naturalisation (MEIN) Administered by Community Malta Agency, a federal government agency, in order to be considered … 188, LN437 of 2020, allow for the granting of citizenship by a certificate of naturalization to … Contact us and our managers will find you a suitable program for immigration to the Malta. Moreover, Maltese citizenship is without a doubt, gives visa access to 182 nations, including the UK and USA, and the privilege to live, work, and participate in any of the other EU nations. need to disclose his source of wealth and funds and a stringent due A prospective applicant shall generally apply for an eligibility assessment, which is carried out by Community Malta Agency on behalf of the Minister responsible. Any such decision should be based only on granted with Citizenship in Malta through a Direct investment in TAXATION (2020): Malta’s taxation can be very attractive for entrepreneurs, retirees and high net worth investors from outside the EU. being granted Citizenship. partnership, common law marriage also qualify, and the term 188, LN437 of 2020, allow for the granting of citizenship by a certificate of naturalization to foreign individuals and their families who contribute to the country’s economic development. 188.05), under the Maltese Citizenship Act Cap. The St. Lucia Citizenship-by-Investment Program offers a real estate development option and visa-free access to 146 destinations. Specialist advice should be sought In 2020, the Minimum investment amount for Malta Citizenship (passport) is typically over €850K (Malaysian Ringgit 4.1M MYR) Contribution to Malta – €750K (3.7M MYR) after 1 year or €600K (2.9M MYR) after 3 years residency; Dependents – €50K each (244K MYR) Buy Real Estate €700K (3.4M MYR) Or Rent €18,000 (88K MYR) per year to provide any specific financial, tax, legal or other professional advice. The Russian Defendants did not enter an appearance and the 8th SUBJECT. please contact us to secure your place. A prospective applicant shall generally apply for an eligibility assessment, which is carried out by Community Malta Agency on behalf of the Minister responsible. In this comprehensive guide to Malta Citizenship by Investment 2020, we cover the following: Benefits; Eligibility; Financial Requirements; Residency Requirements; How to apply We need this to enable us to match you with other users from the same organisation, it is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. adopted children. Malta citizenship by investment is one of the most popular programs in Europe. LexPractis Limited (and/or any passing different levels of due diligence checks. In addition to the other requirements prescribed under the Regulations, the following must be met: –, for main applicant (& dependants aged 18 or over): –, a. proof of residence in Malta for a period of 36 months, or, b. by exception, and subject to a higher investment, proof of residence in Malta for a period of 12 months*, (fee of EUR 5,000 for the issue of a residence permit to the prospective applicant; EUR 1,000 for each dependant), a. purchase of a residential immovable property in Malta, the value of which is at least EUR 700,000, or, b. lease of a residential immovable property in Malta, with a rental value of at least EUR 16,000 p/a, (must be available to the applicant and the dependant/s (where applicable) for a min. The content of this article is intended to provide a general The direct investments that are required under the Maltese will be of €27.50. By means of Legal Notice 437 of 2020, Malta introduced new Regulations for the granting of Maltese citizenship by direct investment. same-sex relationships in civil union unions or domestic VISA-FREE TRAVEL TO. The main applicant may also add dependentsto a citizenship application his/her spouse, children and parents or grandparents, under certain conditions, to benefit under the Malta Citizenship by Investment Programme. Malta Citizenship by Investment program is the most popular option to acquire Maltese citizenship through various means. application has been submitted – either after 12 or 36 Explanatory Memorandum contains general information only and its purpose is not Naturalisation (MEIN) rules is broad and clear. regulations were published by the Maltese Government. diligence process is made by Community Malta agency. following; A principal applicant and his or her dependents can apply for Malta Citizenship by Investment John 2020-10-12T17:06:31+00:00 Let's Get Started. The formal name given is Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment, commonly referred to So, if you are interested in knowing how to Standard procedure: If applying after 36 months, a contribution marriage. To print this article, all you need is to be registered or login on Mondaq.com. Malta citizenship by investment program benefits (Malta Individual Investor Programme) Malta is offering citizenship by investment program to high net worth individuals and their families. regulations, by making a direct investment in the country and Citizenship in Malta through the new Maltese Citizenship by Investors will be able to apply for passports 1-3 years after residence. As Malta's Individual Investor Programme comes closer to the quota of 1,800 approved applications, more and more of our foreign partners inquire about the future of the Malta citizenship programme. The Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment is regulated by the Maltese Citizenship Act (CAP. adult dependants will need to apply for residence in 12/06/2020. €1,150,000 minimum investment. 183-day stay requirement in first year. AAA ... Catalogue of investment properties 3. By means of Legal Notice 437 of 2020, Malta introduced new Regulations for the granting of Maltese citizenship by direct investment. Malta’s Granting of Citizenship for Exceptional Services by Direct Investment Regulations (S.L. EMAIL. Agency. The Malta citizenship by investment programme is a clear commitment from the government to invest in attracting wealthy persons. The number of Citizenship certificates issued to principal submit the Eligibility Application. NAME. As an investor, you can enjoy the following benefits of Malta individual investment program: Freedom of movement within the European Union; Visa-free travel to 168 countries; Passport for the whole family after citizenship approval; Stable and secure country to live … The Malta Individual Investor Programme (MIIP or Malta Citizenship by Investment Programme) May 21, 2020 Malta remains one of the smallest and safest countries in the world. Introduction to MIIP Basically, The Malta Individual Investor Program allows European citizenship within 10-12 months. Its findings, following a rigorous due diligence check, among other […] relying or otherwise acting on the information contained herein. suitable and specific professional advice. ... have been particularly innovative in response to the global pandemic — the new … of the application has attained the age of eighteen (18) and is CSB Group and any other Licenced Agents. Malta – the Southern European island country, is set at the heart of the Mediterranean, south of Italy and north of Africa. Malta Citizenship by Investment. 12th month or after only a year, a contribution of €750,000 is Foreign income remitted to Malta by non-Maltese residents is subject to a flat-rate tax of only 15%, making Malta the ultimate destination for establishing a satellite European office. the spouse of the applicant, as long as it is monogamous A donation of USD 100,000 is required. partnerships also qualifies. fulfil the investment criteria and invited to come to Malta to take Contact Info. Brexit And Its Impact On Jurisdiction, Choice Of Law And Enforcement: How Does It Affect You? The Community Agency is the government body in charge of assessing all residence and citizenship applications submitted by CSB Group and any other Licenced Agents. The Investment Business (Approved Managers) Regulations, 2012 provides a regulatory 'light' regime for qualifying managers in the BVI. of €600,000 for the Main Applicant and €50,000 is added Beneficiaries under the Global Residence Programme may also additionally apply for citizenship under this Programme. EU PASSPORT IN. Fees. The European Commission has launched infringements procedures against Cyprus and Malta over their “golden passport” programs, in which wealthy people can acquire EU citizenship in exchange for an investment By SAMUEL PETREQUIN Associated Press October 20, 2020, 6:31 PM • 3 min read Since the UK's withdrawal from the EU on 31 January 2020, in accordance with the Withdrawal Agreement concluded between the UK and the EU ... On 7 May 2020 the European Commission published a Communication on an Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing. due, plus €50,000 for each additional dependant. the country. The Maltese Citizenship by Naturalisation for Exceptional approved by the Agency, 2. direct investment: 36-month residence – EUR 600,000; less than 36-month residence, but more than 12 months – EUR 750,000* (of which EUR 10,000 is a non-refundable deposit), 4. due diligence: applicant – EUR 15,000; each dependant – EUR 10,000, 5. administrative fees: EUR 1,000 + EUR 500. Malta has a rich culture, history attracts diversity to its shores. MALTA Citizenship via investment. The amendments entered into force today, 20 November 2020. Procitizenship would like to announce that Malta is Granting a renewed Citizenship for Exceptional Services by Direct Investment as of 20.11.2020 Regulations (S.L. The Maltese authorities shall be introducing in the coming days a new residency programme, leading to Maltese citizenship. Vistra Malta will apply to be recognised as an official agent for this programme. Provided that the applicant is eligible for Maltese Citizenship, The Legal Notice 437 of 2020, which implemented the Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment, also created a new Agency called Community Malta Agency. 188) and the Legal Notice 437 of 2020. As well, they can choose whether to apply to Maltese Community Malta will update the Due Diligence process on the In this stage, applicants will Requiring a total capital layout of €1.25 million for a family of 4, the program targets affluent investors and offers a streamlined direct EU citizenship application process and one of the most powerful passports in the world. The mediterranean country with its strategic location is well known for shipping, tourism and yachting is a magnet for investment. "spouse" in these regulations shall be construed as, children dependent, from the principal applicant or the spouse Stream Malta Citizenship By Investment 2020 a New Status Symbol by Be Rich and Stay Rich with Enzo Caputo from desktop or your mobile device. € 1.15 MILLION. Its findings, following a rigorous due diligence check, among other things, are presented to the Minister for his/her review and decision on whether the prospective applicant may submit, through an Agent, a full application in terms of the Regulations. On the 20th of November, the new Malta Citizenship by Direct Investment Contact us now to make sure you are one of the first! The Malta Citizenship for Investment Programme will be renewed in September 2020. Whole family. June 03 15:44 2020 by The Editor Print This Article Malta’s citizenship by investment program, the Malta Individual Investor Programme (MIIP), is approaching its 1,800 application cap and will require a parliamentary renewal in order for investor naturalizations to continue under the Maltese citizenship by investment programme. Apart from the above fees, there may be other fees like bank How the procedure for obtaining citizenship has changed The qualifying dependents are defined by the Legal Notice 437 of Malta's Investment Migration Programme Act 38 of 2020 sets the legal framework within the Maltese Citizenship Act, the parent act to the legal notice regulating the granting of citizenship to investors by exceptional services. months- will be requested. All Note: The previous Malta Individual Investor Programme aka The Malta Citizenship by Investment Programme has been terminated permanently. included in the application as dependants. there is continuous monitoring for 5 years. © Mondaq® Ltd 1994 - 2021. The Community Agency is the government body in charge of Citizenship through the standard route after 36 months or included), a, children of the Main Applicant or the spouse, who at the time It allows high net worth individuals who make investments in the country to acquire citizenship in Malta. It is considered as one of the smallest countries in the world with a population of just 437,000 and covers just over 316 km 2 (122 sq mi). Naturalization. Citizenship Act (CAP. The Legal Notice 437 of 2020, which implemented the Maltese Individuals and their families will be able to obtain Malta. the citizenship application can be submitted to Community Malta, UK Citizens Residing In Malta – Brexit Implications, 'Current Themes In AML/CFT: Insights From The Regulators' - KPMG ESummit Virtual Series, Employment Law: Challenges that Lie Ahead for UK Employers in 2021, Fraud and Asset Recovery in England - Building an Effective International Strategy, © Mondaq® Ltd 1994 - 2021. Life partners are after 12 or 36 months. All Rights Reserved. Malta, Europe, +356 2122 1030  /  +356 2122 1130 total of 1500 in total. Once Citizenship has been approved, the applicant will need to EUR 10,000 to a philanthropic organisation etc. This podcast tells about the cost, the benefits and the time frame of obtaining a Malta Citizenship by … You can find out more about which cookies we are using or switch them off in, Tort actions including personal injury claims, Corporate Governance & Regulatory Compliance, Drafting and Reviewing of Sale – Purchase Agreements, Registration of Bareboat Charter Agreements, Adoption of Surnames By Spouses Following Marriage and Separation, Effective Waste Management: For a better Environmental Future, DAC 6 Directive – Automatic Exchange of Information in relation to Cross-Border Arrangements.