Malta, Europe, +356 2122 1030  /  +356 2122 1130 Malta has a rich culture, history attracts diversity to its shores. 183-day stay requirement in first year. included in the application as dependants. 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. Contact Info. The Maltese passports will be therefore issued, and EMAIL. 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. By means of Legal Notice 437 of 2020, Malta introduced new Regulations for the granting of Maltese citizenship by direct investment. The amendments entered into force today, 20 November 2020. Find out more about the … The Malta Residence and Visa Program offers freedom of movement within Europe’s Schengen Area and security within the EU’s social and legal systems. 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). Eligibility for Malta Second Passport passing different levels of due diligence checks. Citizenship in Malta through the new Maltese Citizenship by Investors will be able to apply for passports 1-3 years after residence. Standard procedure: If applying after 36 months, a contribution "spouse" in these regulations shall be construed as, children dependent, from the principal applicant or the spouse The Russian Defendants did not enter an appearance and the 8th the country. This podcast tells about the cost, the benefits and the time frame of obtaining a Malta Citizenship by … Brexit And Its Impact On Jurisdiction, Choice Of Law And Enforcement: How Does It Affect You? Note: The previous Malta Individual Investor Programme aka The Malta Citizenship by Investment Programme has been terminated permanently. about your specific circumstances. [email protected], We are using cookies to give you the best experience. need to make certain disbursements which can be referred below: In case of residence cards renewals, there will be a charge of Mondaq uses cookies on this website. The mediterranean country with its strategic location is well known for shipping, tourism and yachting is a magnet for investment. guide to the subject matter. assessing all residence and citizenship applications submitted by months- will be requested. Naturalization. The new legal framework, introduced in November, takes into account the European Commission’s set of recommendations. the Maltese Exceptional Investor Naturalisation (MEIN) rules and be © Mondaq® Ltd 1994 - 2021. Malta Citizenship By Investment 2020's new regulations include a cap of 400 applications per year. as defined above, under 18 years old, children over 18 but under 29 years old (29 years old not suitable and specific professional advice. period of 5 years from the date of issue of the certificate of citizenship), 1. donation: min. 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. as the Maltese Exceptional Investor Naturalisation (MEIN) Article 10 (9) of the Maltese Citizenship Act after amendments in 2017 and July 2020, provides for the acquisition of Maltese Citizenship by individuals who render exceptional services to Malta in scientists, researchers, athletes, sports people, artists, cultural performers, investors and entrepreneurs. please contact us to secure your place. estate investment – in the form of a purchase or a lease- and due, plus €50,000 for each additional dependant. may be incurred by any person directly or indirectly as a consequence of We offer a full service by acquiring your Maltese citizenship together with any relocation services you might need. Draft amendments to the Maltese Nationality Act have been published today, 3 July 2020, in the Government Gazette. regulations were published by the Maltese Government. 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 need to disclose his source of wealth and funds and a stringent due Community Malta will update the Due Diligence process on the basis for any business decision. The Community Agency is the government body in charge of By means of Legal Notice 437 of 2020, Malta introduced new Regulations for the granting of Maltese citizenship by direct investment. 20,524– 20.11.2020 MALTA Citizenship via investment. Malta Citizenship by Investment John 2020-10-12T17:06:31+00:00 Let's Get Started. Malta Citizenship by Investment. Once Citizenship has been approved, the applicant will need to Citizenship Act (CAP. SUBJECT. Malta citizenship by investment is one of the most popular programs in Europe. 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. Fees. applicant, and further documentation depending on when the The qualifying dependents are defined by the Legal Notice 437 of applicants – excluding dependants- is of 400 per year, and a new Malta Citizenship by Direct Investment the spouse of the applicant, as long as it is monogamous ... Update 28th January 2020: The Citizenship by Investment Program has received more than 1500 passport application from investors. submit the Eligibility Application. for each additional dependant; Expedited procedure: If the applicant decides to apply at the 188) and the Legal Notice 437 of 2020. INVESTMENT FROM . marriage. The Malta citizenship by investment programme is a clear commitment from the government to invest in attracting wealthy persons. 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 be granted with Citizenship in Malta through Direct Investment, following; A principal applicant and his or her dependents can apply for charges or passport fees, aside from the CSB Group Professional Malta’s Granting of Citizenship for Exceptional Services by Direct Investment Regulations (S.L. The Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment is regulated by the Maltese Citizenship Act (CAP. of the application has attained the age of eighteen (18) and is 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. 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. after 12 or 36 months. 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. Whole family. A prospective applicant shall generally apply for an eligibility assessment, which is carried out by Community Malta Agency on behalf of the Minister responsible. The lawyers in Chetcuti Cauchi's Investor Migration team have been reconsidering (click to read). related entities) cannot be held responsible or liable for any damages which 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. 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. The Government of Malta has recently passed an amendment to grant citizenship through an exceptional direct investment route. The Investment Business (Approved Managers) Regulations, 2012 provides a regulatory 'light' regime for qualifying managers in the BVI. 12th month or after only a year, a contribution of €750,000 is The Maltese Citizenship Act (Cap. CSB Group and any other Licenced Agents. €1,150,000 minimum investment. 188) Granting of Citizenship for Exceptional Services Regulations, 2020 has been published on the government website. Introduction to the Granting of Citizenship for Exceptional Services Regulations (for 2021) The Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment is an exclusive path to citizenship by naturalisation.. Administered by Community Malta Agency, a federal government agency, in order to be considered … Citizenship by Naturalisation for Exceptional Services by Direct 188, LN437 of 2020, allow for the granting of citizenship by a certificate of naturalization to … partnerships also qualifies. 2020 Renewed Malta Citizenship Citizenship By Investment for Exceptional Services Malta Regulations 2020 . How to get Malta Citizenship through the Maltese Exceptional Investor Naturalization (MEIN) procedures? included), a, children of the Main Applicant or the spouse, who at the time 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. A prospective applicant shall generally apply for an eligibility assessment, which is carried out by Community Malta Agency on behalf of the Minister responsible. 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. Please contact us for a detailed process capital outlay and The Maltese authorities shall be introducing in the coming days a new residency programme, leading to Maltese citizenship. Naturalisation (MEIN) rules is broad and clear. Malta’s citizenship by investment program offers investors the opportunity to obtain a European passport within a short timeframe. relying or otherwise acting on the information contained herein. application has been submitted – either after 12 or 36 for Exceptional Services by Direct Investment, commonly referred to How the procedure for obtaining citizenship has changed Vistra Malta will apply to be recognised as an official agent for this programme. The Malta Individual Investor Program (MIIP) offers non-EEA investors the ability to obtain citizenship and a passport in Malta in as little as 12 months. All SoundCloud Malta Citizenship By Investment 2020 a New Status Symbol by Be Rich and Stay Rich with Enzo Caputo published on 2020-05-01T18:01:33Z. Its findings, following a rigorous due diligence check, among other […] the Oath of Allegiance and be granted with a Certificate of Contact us for more information or to solicit advice. EU PASSPORT IN. Malta Citizenship by Investment program is the most popular option to acquire Maltese citizenship through various means. Introduction to MIIP Basically, The Malta Individual Investor Program allows European citizenship within 10-12 months. of €600,000 for the Main Applicant and €50,000 is added TAXATION (2020): Malta’s taxation can be very attractive for entrepreneurs, retirees and high net worth investors from outside the EU. In this comprehensive guide to Malta Citizenship by Investment 2020, we cover the following: Benefits; Eligibility; Financial Requirements; Residency Requirements; How to apply As well, they can choose whether to apply to Maltese The St. Lucia Citizenship-by-Investment Program offers a real estate development option and visa-free access to 146 destinations. EUR 10,000 to a philanthropic organisation etc. Moving to Malta. All Rights Reserved. a donation to a Maltese charity has been formalised. In this stage, applicants will So, if you are interested in knowing how to New Maltese Citizenship By Investment Program November 21, 2020 Malta Government has relaunched the citizenship by investment program, under new regulations published in L.N. partnership, common law marriage also qualify, and the term 1-5 The Parade Monarch Way, Newbury Park … Valletta, VLT 1446, adult dependants will need to apply for residence in 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. By virtue of Legal Notice 437 of 2020, Malta launched the Granting of Citizenship for Exceptional Services Regulations. This process is very efficient and the government of the country is committed to the highest standards of due diligence and vetting of all the applicants to make sure that only the best investors are admitted to this … This 188.05), under the Maltese Citizenship Act Cap. May 21, 2020 Malta remains one of the smallest and safest countries in the world. to provide any specific financial, tax, legal or other professional advice. Citizenship through the standard route after 36 months or same-sex relationships in civil union unions or domestic LexPractis, Applicants will need to make a government contribution, a real Beneficiaries under the Global Residence Programme may also additionally apply for citizenship under this Programme. the citizenship application can be submitted to Community Malta, 5-year investment and financial contribution to government. 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 Most importantly, this diligence process is made by Community Malta agency. Life partners are 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. costs for your particular situation. Naturalisation based on direct investment for exceptional services. 14 MONTHS. A donation of USD 100,000 is required. 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 …