A New Malta Individual Investor Programme (for 2020)
by Emma, on Jul 23, 2020 1:36:33 PM
With the deadline for the current Malta citizenship programme drawing nearer, new applications will cease to be accepted after the 30th September 2020. The Malta Individual Investor Programme underwent a review this year, and you might be questioning how that affects your future options.
Parliamentary Secretary Alex Muscat unveiled the revamped Malta Citizenship by Investment programme that will come into force at the end of September 2020. The most significant change is that the programme no longer allows individuals to apply for citizenship without first becoming residents of Malta.
The new programme offers residency that will lead to citizenship, and this can be done in two ways. An applicant can opt to apply for citizenship after one year residing in Malta with an investment of €750,000, or applicants can opt for citizenship after three years, with an investment of €600,000.
Currently, the one-time, non-refundable contribution requires applicants to invest the amount of €650,000. Under the new rules, the contribution will increase to €750,000. Besides the change in contribution, the new scheme revised the property investment to a minimum value of €700,000. Furthermore, a prerequisite for the scheme includes a philanthropic contribution of €10,000, to a Maltese charity of their choice.
The new maximum number of applicants is limited to 400 per year, and the entire scheme will be capped at 1,500.
Get in touch with us to learn how we can help you throughout this process.
* Please note the above is all subject to change.
Wahaat is proud to be the Official Concessionaire chosen by the Government of Malta to promote the Malta Residence and Visa Program throughout the Middle East.
Wahaat is an advisory service firm that focuses on High-Net-Worth Individuals providing Family Business Advisory Services for Investment opportunities in Malta affiliated with a group having a presence in over 120 countries, represented by 565 offices.