Embed Size (px)
Citation preview
Malta Citizenship
MAL
TA’S
INDI
VIDU
AL IN
VEST
OR
PRO
GRA
MM
E (M
IIP)
The Maltese Individual Investor Programme (MIIP) enables any individual and their family to qualify for Maltese citizenship, by contributing to the economic development of Malta. It is the first citizenship programme in the EU to have been recognised and officially approved by the European Commission. Qualifying applicants will be recognized and granted the same rights as any Maltese citizen, including, the freedom to move, work, live, and vote within Malta and also the EU.
An ‘Approved Agent’ must be engaged and will be responsible for the processing of the application, representing the applicant throughout the MIIP process.
Malta’s Individual Investor Programme (MIIP)
Investor Criteria
Main Applicant €650,000DependantsSpouse, Child (-18) €25,000 eachChild between (18 - 26)Parents/Grandparent (+55) €50,000 each
The purchase of a property of at least €350,000 OR the rent of a property for at least €16,000 a year , held personally for five (5) years.
Must be registered as a Maltese resident for at least twelve (12) months.
PROPERTY:
RESIDENCE:
QUALIFYING AGE OF MAIN APPLICANT: At least 18 years.
BONDS/SHARES:
ECONOMIC CONTRIBUTION:
Invest €150,000 in Government issued bonds or shares, which shall be held personally for five (5) years.
1. Approved Agent’s internal Due Diligence ProcessApproved Agent determines if they may represent the prospective client and whether s/he will be an acceptable applicant to the governing Authority.
2. Maltese E-residence Permit ApplicationIt is necessary for the main applicant to apply for a residence permit to enable him/her to satisfy 12 months residence requirement.Approval of a residence permit is a good indication as to likely success of the full MIIP application. A Maltese property must be secured (leased or acquired) for one to apply for a residence permit.
3. MIIP ApplicationThe full application is compiled, involving the preparation of all the official MIIP Application Forms and compilation of all the requisite documentation. Upon formal acceptance of the Agent’s submission, a 120 day due diligence check is undertaken, during which the Authority may request further clarifications.
4. Letter of Approval in PrincipleUpon receipt of the Letter of Approval in Principle, the main applicant must satisfy the Investor Criteria within the time frames prescribed by the Authority.
5. Certificate of naturalizationUpon satisfaction of the Investor Criteria, the Authority will invite the applicant and his family to take the oath of allegiance, after which they will each be issued a Certificate of Naturalization and a Maltese passport.
The Procedure
TCV Management & Trusts Services Limited, an affiliate of Mamo TCV Advocates, is licensed by Identity Malta Agency as an Approved Agent to promote and process Maltese IIP applications.
NOTE: Should you require further information or legal assistance please do not hesitate to contact:
Dr. David [email protected]
Dr. Christian [email protected]
www.mamotcv.com
T: (+356) 2540 3000F: (+356) 2124 4291
MAMO TCV ADVOCATES
Palazzo Pietro Stiges103 Strait StreetValletta VLT 1436
Malta
