The Malta Individual Investor Programme
The Republic of Malta has recently issued the relevant Legal Notice covering the Malta Individual Investor Programme (hereinafter MIIP) Regulations.
The MIIP requires three tiers of investment:
A non-refundable contribution to the National Economic and Social Development Fund, in the following amounts:
A commitment to retain residence in Malta for a period of at least 5 years, either through the purchase of a property, for which the minimum value must exceed €350,000, or through leasing of a property, for which the minimum annual rent must exceed €16,000.
An applicant is entitled to dispose of the property or terminate the leasehold, provided that he proves to the satisfaction of Identity Malta that he has purchased or taken on lease of another residential property in Malta, which satisfies all the requisites set by the Regulations.
An investment of €150,000 in Government approved financial instruments, amongst which stocks, bonds, debentures, special purpose vehicles or other investment vehicles, (as identified by the Government of Malta), must be maintained for a minimum period of 5 years.
There is a programme cap of 1,800 applications. This means that once 1,800 main applications have been approved, the programme will cease; however, the Government of Malta reserves the right to issue further applications. There is no time frame or deadline to achieving that limit. The list of the naturalised citiziens will be published in the Government's annual publication. The Government has also published the official applications for the interested parties.