What are the requirements to be eligible for the Individual Investor Programme?
Can EU Citizens apply for the Individual Investor Programme?
Which nationalities are not eligible to participate in the IIP?
Currently, the policy of the Maltese Government excludes from applying individuals who are nationals of the Islamic Republic of Afghanistan, the Islamic Republic of Iran and the Democratic People’s Republic of Korea (North Korea), or are non-nationals but reside, do business, have significant ties with, or connections to these countries. Citizens from countries included on the US Travel Ban also cannot apply. The full list is presented below:
- North Korea
MIIPA reserves the right to update the list of banned countries from time to time. Such list will be communicated with all Agents accordingly.
Do I need to know Maltese and do I need to take a citizenship test during the process?
Can a person apply directly to Malta Individual Investor Programme Agency?
When will a passport be issued and how is this issued?
How long will the Maltese citizenship be valid for?
Where will this passport be recognised?
Can I hold dual citizenship if I have been Naturalised as a Maltese citizen?
Will children born to naturalised parents automatically become Maltese citizens?
Are the names of new Maltese citizens published anywhere and if so how are they published?
Can the Maltese citizenship be deprived once it has been approved?
The Maltese citizenship granted under the IIP can be deprived should an applicant fail to comply with the requirements as highlighted in the Maltese Citizenship Act and Article 10 of the Legal Notice 47 of 2014.
What is an E-Residence Card and why is it necessary?
What proofs are needed to apply for an E-Residence card?
• Proof of Global Health Insurance
• Residential address in Malta
What are the fees for the E-Residence Card?
• Each dependent pays an administration charge of €1,000 which is an administrative fee over and above the fees stipulated for dependents in the IIP schedule of fees.
Do applicants have to visit Malta to apply for an E-Residence Card?
Applicants aged 12 years and over have to submit biometric data in person. Applicants below 12 years can present a passport photo together with the relevant forms.
How long does the main applicant have to reside in Malta before taking the Oath of Allegiance?
Does the Main Applicant have to give proof of residence prior to taking the Oath of Allegiance?
Are the dependants of the Main Applicant required to give the same undertaking with regards to the residence?
Can a Residence Permit granted for the purposes of the IIP be withdrawn if the IIP application is rejected?
Documents and certification
Can documents be submitted in the jurisdiction’s native language?
Who can translate documentation for the IIP process?
What is a certified copy?
If a person has lived in various countries, will he be obliged to get police conduct certificates from each country?
Timeframes & Fees
How long does the Individual Investor Programme (IIP) process take?
The Main Applicant is obliged to obtain an effective residence status in Malta for a minimum period of 12 months before becoming a Maltese citizen.
When is the Letter of Approval in Principle issued?
What are the Contribution Requirements and Schedule of Fees envisaged under the IIP?
The Contribution Requirements and the Schedule of Fees payable under each application are as follows:
€650,000 for the main applicant
€25,000 for the spouse
€25,000 for each and every child below 18 years of age
€50,000 for each and every dependant unmarried child between 18 and 26 years of age
€50,000 for each and every dependant parent above 55 years of age
Due Diligence Fees:
€7,500 for the main applicant
€5,000 for spouse
€3,000 for each and every child between 13 and 18 years of age
€5,000 for each and every dependant unmarried child between 18 and 26 years of age
€5,000 for each and every dependant parent above 55 years of age
Passport Fees: €500 per person
Bank Charges Fees: €200 per application