The Malta Citizenship Investment Scheme known as the Malta Individual Investor Programme (MIIP) is aimed at ultra high net worth individuals. Individual investors must make a minimum contribution of €650,000 to the national development fund set up by the government, invest €150,000 in government approved financial instruments and commit to a residence in Malta, either rent or purchase, for a minimum of 5 years. The property value for purchased real estate needs to be a minimum €350,000. For rental it is a commitment of €16,000 pa. Each family member also has to contribute a sum to the development fund of €25,000 each. The benefits after one years’ residency are citizenship and a Maltese second passport. This in turn grants European citizenship and the ability to live, work and study anywhere in the EU.
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Malta offers two golden visa programs through investment, one for citizenship (the MIIP) and another for permanent residency (MIRP). This programme grants indefinite residency rights to international investors who invest a minimum €250,000 in Maltese government bonds or equities for a period of 5 years. In addition the investor must make a €30,000 contribution to the State Fund of Malta and purchase or rent a residence on the island. Legal and processing fees amount to €40,000. The programme offers a stable, low risk investment route to gaining a residency visa in an EU Schengen country.