Malta Citizenship 2024: Requirements, Benefits and Application Guide

November 12th, 2024 at 06:52 am

Malta Citizenship 2024: Requirements, Benefits and Application Guide

Malta is the first country in Europe to introduce the fastest citizenship program. Malta citizenship can be obtained in two ways. Malta’s citizenship is determined by residency, whereas citizenship is determined by place of birth. In all of Europe, Malta has the quickest citizenship application process. This post will discuss how to become a citizen of Malta. Read on to find out how to become a citizen of Malta.

Malta is a part of the Schengen area and is located in Europe. This suggests that entering any other EU nation does not require a visa. The fourth-best passport in the world was the Malta passport. It allows 188 countries to enter without a visa. Individuals who are not EU nationals can apply for the Malta Permanent Residence Program.

Malta Citizenship Process

Let’s have a direct conversation about the Malta Citizenship Program requirements:

Malta Citizenship via Investment and Residency

One of the most well-known Malta Permanent Residence Programs is Malta Residency by Investment. The MPRP is a simple residency-by-investment program that is based on purchasing real estate. To become a citizen, one does not have to live in the region.

Processing Time: Four to six months is the guaranteed time range for processing a comprehensive and correct application.

Benefits of Malta Citizenship

• Access to the European Union (EU): As a member of the EU, Malta allows its residents to freely travel, work, and live in any EU member state.
• Visa-Free Travel: Maltese passport holders can enter more than 180 countries, including the US, Canada, the UK, and Schengen nations, either without a visa or with access to one upon arrival.
• Stable Economy and Living Conditions: Malta has excellent healthcare and educational systems, and its economy is both steady and growing. These elements ensure a comfortable and safe way of living.
• Tax Benefits: Maltese citizens can benefit from favorable tax laws, including the lack of wealth taxes, estate duties, and inheritance taxes, as well as chances for efficient tax planning.
• High Quality of Life: Malta’s breathtaking scenery, rich cultural legacy, and agreeable Mediterranean climate make it a desirable place to call home.
• Access to first-rate healthcare and educational facilities in Malta and throughout the European Union is made possible by Maltese citizenship.
• Opportunities for Business and Investment: As a member of the EU, Malta offers a prime location for companies operating in the Middle East, Africa, and Europe. Citizenship can also make commercial and investment operations easier.
• Family Inclusion: You can often include family members, including spouses and dependents, in the citizenship process so they can receive the same benefits as you.
• Dual Citizenship: Malta allows dual citizenship, which does not require giving up one’s own country. This enables people to take advantage of Maltese citizenship benefits while still keeping ties to their home country.
• Language and Cultural Advantage: English is one of Malta’s official languages, and the country’s rich history makes it easier for foreigners to integrate into society and conduct business.

Requirements of Malta Residence by Investment Program

To qualify for Malta’s perpetual residence scheme, you need to:

• Belong to a third-world nation rather than the EU, EEA, or Switzerland.
• Steady and dependable revenue streams.
• The principal applicant must be at least eighteen years old and prove that they have at least €500,000 in capital assets, of which at least €150,000 are financial assets.

To be considered for permanent residency in Malta, candidates need to:

• Apply through a licensed agency.
• The €40,000 processing charge is not refundable.
• Rent a home in the southern part of Malta/Gozo for at least €10,000, or €12,000 in the rest of Malta.
• Invest at least €300,000 in a home in the southern part of Malta or Gozo, or €350,000 in the rest of Malta.
• You must pay €28,000 in government contributions if you purchase a home. You have to pay €58,000 in government contributions if you rent a home.
• In addition to your spouse, pay an extra €7,500 for each adult kid you have.
• Keep the eligible property for at least five years. After that, a residential address will be needed.
• Make a €2,000 donation to a local NGO that is committed to the welfare of people, animals, or the environment and is registered with the Commissioner of Voluntary Organizations.
• Show that they have a legitimate travel document.
• Obtain health insurance in Malta to guard against any potential risks. When passing through Schengen, get travel insurance.

To learn more about registering for citizenship by residency by investment, please visit the official website of the Malta Government Office. All the information required to become a citizen of Malta in 2024 is contained in this. That website has all the forms, agent names, and useful tips.

More Info

Other Maltese Residency Programs

Two of the simplest and least expensive ways to become a citizen of Malta through residency are listed below.

1. Malta Digital Nomad Visa Residency

For remote workers who can work from home, Malta provides a Digital Nomad Pass. He or she can choose to work as a freelancer, for another person, or themselves. You will be granted a three-year nomad residency visa. After that, you can extend it for another two years. A petition for permanent residency may be submitted after five years of residency in Malta. To do this, no investment or land purchase is necessary.

2. Malta Startup Residence Program:

People who participate in the Malta Startup Residence Program are granted a three-year residency visa with the possibility of a five-year extension. During this time, they are allowed to live in Malta while they start their own business. Please visit the Malta Startup Residence Programme website for more details on this residency program in Malta.

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Malta Citizenship by Naturalization

After 36 months of residency (or, in some cases, 12 months), one can become a citizen of Malta by naturalization.

Requirements of Maltese Citizenship by Naturalization

• Every applicant needs to be at least eighteen.
• For a 36-month stay, a minimum investment of EUR 600,000 is needed, and for a 12-month stay, EUR 750,000.
• The money needs to be put into government assets or funds.
• In addition, the candidate must spend at least EUR 700,000 on a residence in Malta and stay there for at least five years.
• The person and their family must go through a due diligence process that includes background checks and financial assessments.

Processing Time

It usually takes 12 to 18 months to receive the response. In conclusion, the best ways to become a citizen of Malta are through the Startup Program or the Nomad Residency Program. The Residence by Investment program is intended for people who are extremely wealthy and do not need to live in Malta in order to become citizens.

Conclusion

People can choose from a wide range of citizenship options in Malta, depending on their income levels and lifestyle preferences. Both the Startup Program and the Nomad Residency Program are great choices because they focus on flexibility and business prospects.

On the other hand, the Residence by Investment plan is the best option for people who have a lot of money but little time to live in Malta. Understanding the required processes and the expected time frame for the process is essential if you want to become a citizen of Malta in 2024.

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