Procedures and Timelines
A Malta Individual Investor Program application is formally submitted to Identity Malta by an Accredited Person. The application will contain imperative supporting documents, and evidence of source of funds must also be presented at this stage. The following fees are now due:
Identity Malta will notify the concessionaire or Accredited Person within 5 business days of submission to confirm whether client’s application has been accepted for review or requires additional paperwork.
Confirmation from Identity Malta that the application and supporting documentation are formally in order. The candidate is subject to a further 30 days of additional verification by the Government of Malta’s regulatory body.
Applicant is approved in principle. This signifies official Malta IIP approval conditional only on the candidate fulfilling all their remaining obligations under the citizenship by investment program.
Identity Malta sends the applicant a formal request for payment of remaining balance of National Development and Social Fund contribution. The candidate has 20 days to pay the full amount.
Maltese IIP financial contribution deadline. The entire National Development and Social Fund contribution must be made by this time.
Final citizenship by investment Malta compliance. Applicant must provide evidence of €150,000 bonds investment as well as a Malta real estate purchase or rental.
Issuance of Naturalisation Certificate:
Once an applicant has fulfilled all their obligations under the Malta Individual Investor Program and taken an Oath of Allegiance, they will be issued a Certificate of Naturalisation and given a Malta Passport.
European citizenship granted under the Malta Individual Investor Program can be revoked if an applicant does not follow through with all the requirements of the citizenship by investment programme. In order to be granted citizenship, applicants commit to retaining a residence in Malta for 5 years and also keeping their Maltese bonds investment for a minimum of 5 years. If a person does not comply with these requirements and stops renting an apartment or sells their home in Malta before the five years is up, they can have their citizenship as well as their EU passport taken away.
After a 5 year term, the passport and citizenship is irrevocable.