Dual citizenship in Malta offers unique opportunities for high-net-worth individuals. From global mobility to financial security, Malta citizenship is one of the most sought-after in Europe. Albert Ioffe, Investment programs expert at Immigrant Invest, outlines the key advantages and the process for obtaining Malta citizenship for exceptional services by direct investment.
What is Malta Dual Citizenship
Dual citizenship of Malta allows individuals to hold both Maltese citizenship and citizenship from another country. This is particularly beneficial for those looking for greater global mobility, access to financial systems, and enhanced legal rights. Malta allows dual citizenship through naturalisation, making it attractive to investors worldwide.
Key advantages of dual citizenship:
- Increased travel freedom. A second passport often allows visa-free or visa-on-arrival access to more countries, offering greater travel flexibility.
- Access to new opportunities. Dual citizens can work, live, and own property in both countries, which can be advantageous for those seeking international business opportunities or a change in lifestyle.
- Security. In times of political or economic instability in one country, dual citizens have the option to relocate to the other.
Malta offers the possibility of dual citizenship through its Citizenship by Naturalisation for Exceptional Services by Direct Investment program. This allows high-net-worth individuals to obtain Maltese dual citizenship without renouncing their current citizenship, adding flexibility and security in an ever-changing global landscape.
9 Benefits of Malta Citizenship
1. Visa-free travel to over 170 countries. Maltese citizenship opens up access to a wide array of visa-free countries, including the EU, USA, and many others, making international travel hassle-free.
2. Stable economy. Malta’s robust and stable economy provides security for those looking to invest or relocate. It is considered a safe and reliable destination for long-term investments.
3. High-quality healthcare. Maltese citizens enjoy access to a world-class healthcare system, one of the best in Europe. This is a significant benefit for individuals seeking both health security and wellbeing.
4. World-class education. Maltese dual citizens have access to some of the best educational institutions in Europe, both within Malta and across other EU member states.
5. Legal and political stability. Malta is known for its secure legal framework and stable political environment, making it a trusted location for citizenship investment.
6. Family security. Maltese citizenship extends to your family members, offering them the same benefits and security. This includes access to education, healthcare, and freedom of movement within the EU.
7. Investment diversification. With citizenship in Malta, you can diversify your assets and investments within the European Union, adding an extra layer of financial security.
8. Safe living environment. Malta is known for its low crime rate and overall safety, providing a secure environment for you and your family.
9. Access to international financial services. As a Maltese citizen, you gain access to a range of financial services in Europe and globally, which can be beneficial for managing investments or international business operations.
Malta Citizenship Requirements
To obtain Maltese dual citizenship through the Citizenship by Naturalisation for Exceptional Services by Direct Investment program, applicants must meet specific criteria. These include financial contributions, residence in Malta, and background checks.
Investment requirements. To qualify, applicants must:
- Contribute to Malta’s National Development and Social Fund — €600,000+.
- Invest in real estate — purchase for €700,000+ or rent for €80,000+.
- Make a donation to a Maltese non-governmental organisation — €10,000.
Applicants must fulfil a minimum residence requirement of either 12 or 36 months, depending on the investment amount.
Residency obligations. Before applying for citizenship, investors must maintain residence in Malta for a minimum of one year. This period may be reduced to three years under certain circumstances. The applicant must also have genuine ties to the country, which can include economic, social, or personal connections.
Due Diligence and background checks. Malta conducts thorough Due Diligence on all applicants. This ensures that only individuals of good standing, with no criminal background, are granted citizenship. The process includes extensive background checks by both Maltese authorities and third-party international agencies.
How to Get Malta Dual Citizenship for Exceptional Services
The application process for Maltese citizenship is relatively straightforward but requires a series of steps, including document preparation, investment fulfilment, and formal approval.
Step 1. Initial consultation. Applicants must first engage with an accredited agency to assess eligibility and begin the process.
Step 2. Residency application. The next step is to apply for residency in Malta, which requires fulfilling the minimum residency period. During this time, the applicant can explore real estate investment options and build ties with the country.
Step 3. Investment. After the residency period is met, the required financial contribution to Malta’s national development fund or an approved real estate investment must be completed.
Step 4. Submit application. Once all criteria are fulfilled, the citizenship application is formally submitted for review. This process typically takes four to six months and includes a thorough examination of the applicant’s background and financial standing.
Step 5. Receive approval. Upon successful completion of the Due Diligence process, the applicant receives approval and can proceed with the naturalisation ceremony. After this, the applicant will be issued a Maltese passport and become a dual citizen.
Conclusion
Maltese dual citizenship offers unparalleled benefits for high-net-worth individuals, including visa-free travel, tax advantages, and access to European markets. The process, while requiring a significant investment, ensures a streamlined pathway to gaining these privileges.