The Individual Investor Programme (IIP) of the Republic of Malta allows for the grant of citizenship by a certificate of naturalisation to foreign individuals and their families who contribute to the economic development of Malta. It is the first programme of its kind to be recognised by the European Commission. The government agency responsible for this programme is Malta Individual Investor Programme Agency.
For a person to apply under the programme, s/he must:
- Be at least 18 years of age;
- Commit to make a contribution to the National Development and Social Fund;
- Provide proof of residence in Malta for at least 12 months; Provide proof of title of residential property in Malta;
- Commit to invest, amongst others, in stocks, bonds, debentures, special purpose vehicles or to make other investments as provided from time to time;
- Have an indefinite health insurance.
FINANCIAL AND OTHER INVESTMENT REQUIREMENTS
The following are required as a minimum contribution to government in order to qualify for the programme:
A main applicant must invest in Malta an amount of at least 150,000 in, amongst other, stocks, bonds, debentures, special purpose vehicles, or other investment vehicles as may be identified from time to time, and retain the investment for at least five (5) years.
A main applicant must either:
- Purchase a residential property in Malta having a minimum value of 350,000 and retain the property for a period of at least five (5) years; or
- Lease a residential property in Malta for a minimum annual rent of 16,000 and retain the property for a period of at least five (5) years.
The entire process takes between 12 months to 24 months. The process may be shorter if the applicant shows proof of residence in Malta for 12 months prior to application.
An application seeking naturalisation as a citizen of Malta under the Individual Investor Programme can only be submitted to Identity Malta by an Accredited Agent of Identity Malta.