Last Updated July 17, 2020

IMPORTANT: The Malta Individual Investor Program is nearing its cap of 1,800 applications. You can still submit your application until September 30, 2020. Applicants who get a residence card but don’t submit their application before the deadline will be considered under new regulations. 

Dateline: Istanbul, Turkey

Malta, a small but absolutely charming Mediterranean island, offers people an opportunity to travel the world and operate under financially liberal laws. 

It offers advantageous economic policies that you are free to enjoy by obtaining citizenship via investment — at a hefty price of nearly 1 million euros and 1 year of your time.

As one of just two citizenship by investment programs in the EU (and the only one in the Schengen Area), a Maltese passport is powerful – it’s the 8th strongest passport in the world

It provides citizenship in a highly livable area of the world with easy access to the rest of Europe. That sure is an attractive option for people looking for a top-tier passport. 

However, it’s also one of the most expensive programs in the world. The total costs for one person add up to around $1 million.

Not to mention, you’ll also have to demonstrate “genuine links” to the country to get a passport, and that generally means actually becoming a resident of Malta.

That being said, there are plenty of benefits to becoming a Maltese citizen that may prompt you to pursue this program. This guide will walk you through everything there is to know about obtaining a Maltese passport and determining whether it is the right program for you. 

Let’s dive in.

  • What Is Citizenship by Investment?
  • Why Malta?
    • About Malta
    • Alternatives to Malta’s Citizenship
  • Malta’s Citizenship by Investment Program
    • One Year and (Nearly) 1 Million Euros 
    • Due Diligence
  • How to Obtain a Maltese Passport
    • Investment #1: A Contribution to Malta’s Government Fund
    • Investment #2: Real Estate
    • Investment #3: Government-sanctioned Stocks or Bonds
    • Opportunity Cost and Return on Investment 
  • The Step-by-Step Application Process
    • General Requirements for Malta Citizenship by Investment
    • Before You Apply
    • Residency and a Genuine Link
    • Step 1: Apply for Residence 
    • Step 2: Apply for Citizenship
    • Step 3: Complete Your Investments 
    • Step 4: Receive Your Certificate of Naturalization 
  • The Pros of Malta’s Citizenship
  • The Cons of Malta’s Citizenship
  • Malta Citizenship by Investment FAQs
  • Is Maltese Citizenship by Investment Worth the Cost? 

What Is Citizenship by Investment? 

Maltese citizenship by investment cost

To get Maltese citizenship by investment, you’ll need to make a large donation to Malta’s Government Fund.

If you’re just starting to learn about citizenship by investment, let’s level the playing field. We’ll briefly introduce the concept here. 

More and more (ultra) high-net-worth people in the world are looking at investment migration. What this means is that they want to have a ‘Plan B’ for themselves, their families, and their businesses, giving them access to somewhere else in the world other than their original place of birth. 

The reasoning behind this can be very different. Some people are escaping political prosecution while others are simply looking for balmy climates or ways to lower their tax burden

Whatever the reason, a good handful of countries around the world offer citizenship by investment programs to cater to these individuals and raise capital to build their economies. 

Usually, jurisdictions that offer citizenship by investment (CBI) are those that cannot diversify their income easily; for example, island-nations dependent on tourism. 

Attracting foreign capital in exchange for a nationality seems to be a win-win situation, but CBI programs regularly get criticized. People and organizations around the world think that CBI applicants are running away from criminal charges, want to launder money or engage in some other shady activity. 

Meanwhile, the reality is much simpler: the vast majority of people who are looking to obtain a second passport are merely looking to go where they’re treated best

Why Malta?

For some, Malta is the country where they’ll be treated best. 

When we talk about citizenship by investment with our clients, one of the first concerns that they bring up is the quality of the country that they’re going to be getting citizenship from.

You see, the vast majority of countries that offer citizenship by investment are small islands in the Caribbean or the South Pacific. While these countries aren’t bad by any means (and their passports are actually quite good by most standards), most people can’t picture themselves actually living there

Second passports are good for many things, but one of the issues that you need to consider is whether you actually would want to live in your new country of citizenship if push came to shove. Many people would go nuts on a tiny island like St. Kitts and Nevis, for example.

Another issue that we often hear specifically from Americans looking to renounce their US citizenship is that they want to keep similar passport privileges, without the burden of citizenship-based taxation

And although passports like Grenada can offer interesting visa-free access to places like China and Russia, it doesn’t compare to the travel freedom that you have with a US passport.

Cue Malta – it offers the quality of life of a developed European country and the proximity to many exciting locations. Plus, its passport is one of the strongest in the world, meaning you wouldn’t have to compromise on passport privileges. 

About Malta

Malta is a small, English-speaking archipelago in the Mediterranean Sea that lies between Sicily and the coasts of Libya and Tunisia. 

Living in Malta is quite idyllic by many standards. Its scenery is beautiful, and you’ll never be terribly far from a beach. Additionally, the weather there rarely dips below 9°C (48°F) or above 32°C (90°F), making it an excellent climate for those seeking to escape harsh winters or scorching summers.

Malta also has a rich culture with influences from the Greeks, Romans, French, British, and neighboring North African countries. 

If its natural beauty alone isn’t enough of a reason to want to live there, then maybe its free universal healthcare, childcare, and education will convince you. All are provided for every Maltese citizen. 

Plus, Malta’s LGBT rights are one of the best in the world

In addition to Malta’s stunning scenery and developed culture, the country also enjoys a remarkable level of political and economic stability

Its two-party system is well-balanced, and it weathered the financial crisis well. In fact, along with Germany, Malta is one of two states in the Eurozone that has consistently maintained a good level of economic growth. 

Malta has been very successful in using its location to its advantage; it is a good place for offshore banking as its banks are among the top five strongest banks in the world.

living in Malta

Malta’s natural beauty alone is enough reason to want to live there.

Alternatives to Maltese Citizenship by Investment

Having said all this, if you’re an average Westerner, there’s not much value in having a Maltese passport.

If you’re a citizen of the UK, Australia, or another EU country, then you already have most of the benefits that a Maltese passport can offer you. If you’re a US citizen looking to renounce your American citizenship and get an EU passport instead, then you need to consider how an EU passport may lock you into another tax system in the future.

On the other hand, Maltese citizenship by investment might be a great idea for someone from China, Russia, or the Middle East.

If you’re from one of those countries, then a Maltese passport has two major benefits. First, it will allow you to access the lifestyle benefits of living in Europe, such as greater educational and work opportunities. Second, it’s likely a more valuable passport than the one that you currently have.

However, this doesn’t mean that all Westerners should write off Malta’s citizenship by investment. If you’re from the US, for instance, you may prefer the EU’s social services to the paltry safety net that you have at home.

Think a Maltese passport could benefit you but are slightly intimidated by the price tag and/or the time commitment that Malta requires? Are you also dead-set on living in or getting a passport from the EU? 

Don’t worry. There are a few alternatives to Malta’s citizenship that you may want to consider. They are less costly too. 

Go for a different CBI. There are many different CBI programs out there and if Malta is out of your reach in terms of price, you could consider the cheaper Caribbean CBIs, Vanuatu, Turkey, or Montenegro

Do a CBI and a second residence combo. This is our classic belt and suspenders strategy. The reality is that it’s much easier – and less expensive – to get St. Lucian citizenship and then get a European residence permit to get the same benefits that a Maltese passport would bring you. 

Become a Maltese resident. Not only does Malta offer a program for citizenship, but it also has a permanent residence program. It grants indefinite residence rights to people who invest a minimum of €250,000 in Maltese government bonds or equities and holds them for five years. Additionally, you will need to make a €30,000 contribution to the State Fund of Malta and purchase or rent a place. In exchange, you’ll still get all the benefits of living in the Schengen area without the $1 million investment.

Become a naturalized citizen of Malta instead. As a follow-up on the Maltese residence program, after you’ve been a resident for long enough, you could apply for the Maltese passport by way of naturalization. This would cost you much, much less. Of course, you would need to have genuine ties to the country and to have lived in Malta for years. 

Get a passport by ancestry. If you’re in search of an EU passport specifically, then you may want to consider whether you have access to other means of acquiring a European passport.

If you have Irish or Italian ancestry, for instance, you can get citizenship by descent there for a much lower cost. 

The Malta Citizenship by Investment Program 

If you’re a discerning investor, you should be fully aware of Malta’s location on the map as well as its citizenship by investment program. 

Malta is one of two countries in the European Union that offers citizenship by investment, and it is the only country that does so in the Schengen Area. Therefore, if you acquire Maltese citizenship by investment, you can travel freely throughout the majority of Europe.

That, obviously, is one of the main draws of this program that was initially created in November 2013 when the Maltese Government amended its citizenship laws to provide a framework to create a citizenship by investment program. 

The Malta Individual Investor Program (MIIP) was created to provide high-value investors with a good moral character an opportunity to obtain Maltese citizenship by making a substantial investment in the country.

Today, the program allows investors who make a contribution to Malta’s Government Fund, an investment in government-sanctioned bonds or stocks, and a real estate investment to become Maltese citizens through investment, provided they meet other criteria set forth by the Maltese government.

The Maltese program has quickly become the most exclusive citizenship by investment program in the world. 

Up to 2020, Malta has raised €1.5 billion in investments and has issued more than 1,000 passports, mostly to Russian, British, and Ukrainian nationals. 

One Year and (Nearly) 1 Million Euros 

Since Malta is part of the European Union and the Schengen area, it had to get the approval of the Union before it launched its citizenship by investment program. 

Before the EU stepped in, the program was designed to be much cheaper and had fewer requirements. Namely, Malta was trying to offer citizenship-by-investment programs that only required that you pay a government bond in exchange for a passport. 

You were able to do all this with minimal paperwork and without the need to even step foot on the island. But to get approval from the EU, certain amendments had to be made, which made the program into what it is today.

Under the current program, a one-year residency must be completed before becoming a full-fledged citizen. The price has also shot up, but in any case, it’s a straightforward procedure.

The thing that’s different about Malta that almost makes us want to say that it’s not a citizenship by investment country is the time requirement

You could go to one of the Caribbean nations and get a passport within six months, usually much less. But with Malta, you’re looking at a bit over a year because you actually need to establish connections to the country and spend time living there to do so. 

Your Maltese citizenship can also get revoked if you fail to hold your real estate or government bond investment for the required period of five years. 

Also, there have been instances when people who were convicted of criminal offenses got stripped of their citizenship.

The Exempt Company Malta Corporate Tax Systems

The Due Diligence

Malta conducts due diligence like no other citizenship by investment program; after all, it does hand out a highly coveted Schengen passport.

The Maltese system has been called the ‘gold standard’ of all due diligence processes, going to extensive detail on each application. It’s also set to become even more stringent as the program becomes more popular. 

Currently, the due diligence process has four tiers: 

  1. First Tier. Standard due diligence is carried out by the agent that you’re using to apply, (e.g., World-Check). 
  2. Second Tier. Police clearance is obtained; your name will be run through Interpol, Europol, and global equivalents. Also, any third-country national who would need a visa to visit Malta will have to go through the full Schengen visa application procedure too. 
  3. Third Tier. Anti-money laundering professionals will carry out a check on how your application is completed and if all the documentation is correct. Also, a global database check will be conducted, making sure you’re not against any international sanctions and that you aren’t on any denied persons lists.
  4. Fourth Tier. All of the collected information is compiled and reviewed by a risk assessor. A recommendation is made to either accept or reject the application.

How to Get a Maltese Passport Through Investment? 

In order to get Maltese citizenship by investment, you must make three separate investments:

  • Donate €650,000 to the Maltese Government Fund
  • Buy (minimum €350,000) or rent local real estate (minimum total cost of €80,000)
  • Purchase €150,000 worth of government bonds or stocks

The minimum total investment is thus €880,000

Add 9-12% of the total investment price for government and processing fees if you’re opting for real estate purchase, and 12-15% if you’re going to rent. 

You can also add dependents to your application for an added cost. Eligible dependents include spouses, unmarried children below the age of 26, and parents over the age of 55. 

BREAKING: The prices in Malta will be going up soon. We do not have all the details, but it appears that the donation requirement will start at €750,000 and will go up for each dependent. You can potentially reduce that if you’re willing to spend as much as three years in the country before receiving citizenship – but then that’s less like citizenship by investment and more like a Golden Visa.

And even if you stick with the €750,000 donation, it is also looking like you will have to spend more time in the country as a resident to qualify for citizenship anyway. Again, nothing is completely set in stone yet, so we’ll have to see what they come up with in terms of residence requirements.

But if this is any indicator of the way things are headed, they have also added a mandatory €10,000 contribution to charity and have doubled the real estate investment amount. The opportunity cost to invest in Maltese real estate was already high, so an investment of €700,000 really has us questioning who is going to take this option.

This is especially pertinent considering that the rent requirement will only increase by €2,000 a year for a total of €18,000 annually which makes for a total cost of 90,000 over the five year period.

You can learn more about the updates to the program and Andrew’s opinion about Malta in the video below. We will update this article as Malta solidifies the changes to its program and we have more concrete information. But for now, let’s talk about each of the three investments as they stand right now.

Investment #1: A Contribution to Malta’s Government Fund

To get Maltese citizenship by investment, you’ll need to make a large donation to Malta’s Government Fund.

The Maltese National Development and Social Fund finances projects such as education, healthcare, and job creation. Though you won’t get any return on your investment, your money will go directly to further improving Malta’s social atmosphere and infrastructure.

For this requirement, you will make a non-refundable donation of at least €650,000 – or roughly $730,000 – to this fund. If you are also getting citizenship for a spouse and minor (under 18) children, you will need to add €25,000 per person, and for older children and parents, you must donate an extra €50,000 per person.

Because the donation for dependents is relatively small compared to the whole cost of Maltese citizenship by investment, you will want to take timing into account when you apply. If you’re about to get married, for instance, then you will want to wait until you’re married so that your spouse can get citizenship for only €25,000.

Investment #2: Real Estate

In addition to your donation, you must also make a minimum investment in local real estate to establish your ‘genuine connection’ to Malta.

For a real estate investment to qualify, it must be a minimum of €350,000. However, most applicants (90%+) go for the rental option which requires that you sign a five-year rental agreement. The minimum annual rental sum is €16,000 per year or €80,000 for the mandatory holding period of 5 years.

If you do choose to purchase a home, know that Maltese real estate isn’t particularly lucrative, but the country’s local real estate market is fairly stable. At worst, you’ll likely maintain the value of your investment, but there’s also some potential in certain parts of the country.

Investment #3: Government-Sanctioned Stocks or Bonds

The final investment that you will need to make is in bonds or shares that have been approved by the Maltese government. The minimum for this investment is €150,000.

The Maltese government provides guidance as to what stocks and bonds you may buy as a part of this program. In general, they must be designated as something that the government finds beneficial for the country.

You then will need to keep this investment for at least five years in order to remain in good standing with the Maltese government. 

Opportunity Cost and Return on Investment 

As with any citizenship by investment program, you need to consider the opportunity costs and potential for return on investment with Malta’s citizenship by investment program.

The problem with Malta citizenship by investment is that you pay a lot of money with very little return. The €650,000 donation is completely non-refundable, and you aren’t going to earn any interest on your €150,000 bonds or stocks.

So, the only way to make your Maltese investments profitable is through your €350,000 real estate investment, and doing that can be difficult. Rental yields in Malta aren’t great, and the real estate market is fairly stable.

In addition to these financial cost considerations, you should also consider how living in Malta and becoming a Maltese tax resident may have some opportunity costs.

For one thing, you’ll be less mobile than you were before since you now need to spend at least 183 days in Malta to get your citizenship. This means fewer trips to monitor your offshore investments and accounts or to acquire new ones.

You’ll also need to consider how this new tax burden will impact your offshore and tax strategies. Living in Malta means paying higher taxes, which add up over time, and your Maltese residency could impact your business taxes as well.

Therefore, before you apply for Maltese residence and citizenship, you will need to consider how this process will holistically impact your life.

The Step-by-Step Application Process

Valletta, Malta - Nemea Bank easy online offshore bank

Malta’s citizenship by investment program is extremely efficient and the government has maintained the absolute highest standards when it comes to the vetting and due diligence of applicants. 

But before you get the ball rolling, you’ll need to first check if you’re eligible to apply. 

General Requirements for Malta Citizenship by Investment

There are some basic requirements to become a Maltese citizen. You need to be: 

  • 18 years of age to apply
  • An (ultra) high net worth individual 
  • Medically fit
  • In possession of a clean police record
  • In possession of global health insurance, with coverage of at least €50,000

And then, you will need to pass the Maltese government’s “fit and proper” test to become a Maltese citizen. It’s designed to ensure that all prospective citizens are reputable and in good standing with their current countries of residence or citizenship. 

The Maltese government will perform background checks through INTERPOL and the International Criminal Court, and you will also be required to provide police reports from your country of residence.

In general, if you have a clean criminal record and have not been involved in any major scandals, you should be able to pass Malta’s “fit and proper” test.

Residence and a Genuine Link

As the only citizenship by investment program green-lighted by the EU, Malta’s citizenship by investment program also includes a somewhat finicky requirement – all prospective citizens must prove a “genuine link” to Malta to be approved.

Typically, this requirement means that you will need to spend one year as a resident of Malta prior to receiving your passport to prove that you have a genuine link to the country.

This requirement can be the most difficult to meet for Nomad Capitalists. 

If you have business interests around the world and want to avoid establishing tax residency in the EU, then spending a substantial amount of tim in Malta could seem antithetical to your interests.

Therefore, you’ll need to carefully consider how this requirement plays into your offshore and tax strategies, and if getting this particular citizenship by investment is the best choice for you. 

Before You Apply

If you can meet Malta’s investment requirements as well as the country’s general standards for its MIIP program, then you can set out to begin the application process.

Prior to this step, you should do two things:

  1. Account for how establishing residence in Malta will impact your overall Nomad Capitalist strategy. Since you will be paying Maltese taxes, you will need to plan for that and determine how that burden will affect your tax status elsewhere.
  2. Then, you will need to gather all the required documents (in English) prior to submitting your application. While the Maltese government website does not state exactly what you need for your application, you should expect to provide basic documents like your birth certificate and other passports as well as a police report from your current countries of residence.

From there, the forms that you will need to complete will depend on things like your current country of residence as well as whether you are applying with dependents. 

You can find the complete list of the various forms that you might need to fill out here.

Although you’ll need quite a bit of money and paperwork, the process for applying for Malta’s citizenship by investment program is relatively straightforward.

How to get Malta citizenship by investment

Although you’ll need quite a bit of money and paperwork, the process for applying for Malta’s citizenship by investment program is relatively straightforward.

Step 1: Apply for Residence 

The first step in the process of getting Malta citizenship by investment is applying to become a Maltese resident. You can begin this process online, but you will need to arrive in Malta in order to complete the process as well as to begin your one-year residence requirement.

During this stage, you will make an initial €5,000 contribution to Malta’s Government Fund, adding €1,000 per dependent.

This part of the process is relatively simple and straightforward. Provided that you meet all requirements and supply all necessary documents, you should be approved for Maltese residence almost immediately.

Step 2: Apply for Citizenship 

Once you’re approved for Maltese residence, you may then immediately apply for Maltese citizenship by investment.

At this time, you will also need to pay a due diligence fee, a passport fee, and a €10,000 deposit on your initial donation. You will also need to provide evidence of your funding source.

Once you have completed the application, the Maltese government will review it within 90 days, and at that point, Identity Malta will confirm if all your documents are in order. 

The Maltese government will then take another month to further review your documents and complete their due diligence, and you will receive conditional approval by the end of 120 days.

Step 3: Complete Your Investments

The next step in this process is to complete all of your investment requirements.

Once your application is conditionally approved, you will need to pay the rest of your €650,000 contribution (or more if you have dependents) by the five-month mark.

You will have more time to complete the other two requirements – the real estate and the government bonds, but by your eighth month of residence, you will need to prove that you have met the minimum standards for both.

Step 4: Receive Your Certificate of Naturalization 

Once you have completed your application, fulfilled your 12 months of residence, and met the investment requirements, you can collect your Maltese Certificate of Naturalization.

When you become a naturalized citizen of Malta, you can apply for and receive a Maltese passport.

The Pros of Malta’s Citizenship

Although the program is certainly on the more expensive side compared to other CBI programs, Malta citizenship by investment comes with a number of excellent benefits that you should consider.

The Schengen zone as your playground. As a Maltese citizen, you will be able to legally live, work, and travel in all of the European Union, without any border control. This is great if you want to do business or invest in Europe, or if you want your children to be able to access European universities, among many other perks. 

One of the world’s most powerful passports. You will be able to travel to more than 180 countries, including Canada, Australia, and the United States (via ESTA), with your Maltese passport. Because of this, a Maltese passport can be highly desirable if you want to renounce your US citizenship as it offers a comparable passport without the burden of citizenship-based taxation. 

Optimal tax country. Malta is one of the more tax-friendly countries in the EU. Property taxes and stamp duties are minimal, and the country has no inheritance taxes, gift taxes, wealth taxes, or municipal taxes.

Partially recoupable investment. After five years of holding real estate and government bonds, you can sell those and cash out (hopefully at a profit, at least on the real estate). 

Pass it on. If you become a Maltese citizen through investment, your family can become Maltese citizens for life, and your citizenship can be passed down through generations.

Additionally, since Malta is a member of the EU, you and your descendants will receive EU citizenship by descent as well.

Social stability and opportunity. Whether you choose to live in Malta or another EU country, the EU offers an unprecedented level of social stability and opportunity to its residents and citizens as well as their children. If you value high-quality schools and social services, then Maltese citizenship by investment could be a good choice for you.

Quick and easy processing. The rules of eligibility for this program are straightforward, and if you can make the minimum investment and have a clean criminal record, then you’re likely qualified for it. The application itself is also quite easy to navigate and you’ll receive your EU residence immediately after applying. Then, your passport will be issued within one year.

A reputable CBI program. While other CBI programs out there might drop the ball when it comes to due diligence, Malta has the world’s strictest due diligence standards and vets applicants fully before letting them gain a passport This ensures that only highly respectable applicants get through.

Favorable business environment. Perhaps one of the most appealing reasons for entrepreneurs to choose a place to plant the seeds of their business is favorable tax policies. Taxes in Malta are levied only from sources of income and capital gains originating from Malta. As a citizen of Malta, anything earned from capital gains outside the country is yours to keep.

It’s well-connected. Quick flights are available to many of the European hubs, as well as North Africa. Malta is a virtual stepping-store from continent to continent, placing business opportunities within short reach. 

High quality of life. It is said that the Maltese live a Mediterranean style life embedded with an English sense of business. Malta also stands out as one of the sunniest locations in the EU alongside Cyprus and has solid healthcare and educational systems. 

The Cons of Malta’s Citizenship

The benefits that Malta offers are somewhat offset by the fact that being in the EU, as well as the borderless Schengen Area and being a US visa-waiver country means that they have to be a bit more strict. 

Basically, there are more organizations (e.g., the European Union) that have power over them to make sure that they cooperate.

All in all, no CBI program is perfect and Malta’s is no exception. Although it’s one of the most powerful passports in the world, here are some of its drawbacks for you to carefully consider.

An involved due diligence process. Many more strings come with a Maltese passport when it comes to due diligence. Malta rejects one out of every four applicants. And when you’re rejected, you lose the due diligence fees that you’ve paid. 

It’s a long process. You’re going to need to spend some time in the first twelve months as a resident of Malta before finalizing the citizenship by investment process. It is not a drive-thru three- to four-month process that you would get if you went for one of the Caribbean CBIs. 

It’s expensive. Ask yourself – what’s the benefit you’re getting? If you don’t already have access to some of the countries that Malta has visa-free access to, you still have other options. In the worst-case scenario, you could get visas for the countries you want to visit and it won’t cost you hundreds of thousands of dollars extra. 

The future of EU taxation is uncertain. As the EU grows and requires an increasingly large amount of money to operate, its tax policies might become more stringent. The EU might install GILTI-style provisions, or it may force citizens to pay taxes if they don’t pay a minimum amount of tax elsewhere. You definitely don’t want to renounce your US citizenship only to be saddled with another citizenship-based tax burden in the future.

Taxes. Once you start the application process, you will become a tax resident of Malta to meet the ‘genuine link’ requirement. Residents of Malta are taxed on their worldwide income, and rates range from 0% to 35%. While you won’t be taxed on foreign-sourced income if it remains outside the country, any income remitted to Malta is generally taxed at a rate of 15%, which is somewhat lower than in other European countries. Consider if this fits in with your offshore and tax strategies. You will also likely need to pay capital gains and similar taxes while living in Malta.

Malta Citizenship by Investment FAQs

cheapest-second-residencies-eu-malta

Even though we wrote extensively about the program, the procedure, as well as the pros and cons of Malta’s CBI program, you might still have questions. 

Here are some of the most frequently asked questions about obtaining a passport from Malta. 

Can my future children become Maltese citizens?

Yes. You can pass on your citizenship to your newly born children.

How fast can I become a Maltese citizen?

The very minimum is 12 months, although it will most likely be closer to 14 months before you will receive your Maltese passport.

Must I visit Malta to become its citizen?

Since you must give Malta your biometric information (e.g., fingerprints), you will have to travel to either Malta or one of its international embassies to apply to the Maltese CBI program. 

When do I actually make the investment? 

Luckily, you’ll only be required to make the full investment after you’ve passed the due diligence step of the application. 

Is there a language requirement?

No. You don’t need to pass any language test in order to be considered for a Maltese citizenship. 

Does Malta accept Bitcoin as payment for its passport?

No. 

Can Malta revoke my passport? 

Technically, yes. A citizenship granted under the Individual Investor Program can be taken away if the investor doesn’t follow through with the requirements of the program. For example, if someone sells their residence or government bonds sooner than the mandatory five-year holding period is up, they risk losing the passport. 

Is dual citizenship allowed in Malta?

Yes, dual citizenship is legal in Malta. You can hold two or more citizenships when you receive your Maltese passport. Do note, however, that the country of your first passport might not allow for dual citizenship. 

Does Malta publish the names of its naturalized citizens?

Yes, your name will be publicly available as all names of new Maltese citizens are published in the Government Gazette once a year. 

Is Maltese Citizenship by Investment Worth the Cost? 

After reading a bit about the benefits, drawbacks, and the process of obtaining Maltese citizenship by investment, you may be wondering whether it is worth your while. 

Unfortunately, there is no straight answer; it depends on your personal circumstances and financial goals.

But all in all, Malta is a great passport.  It gives you and your family a lot of privileges as well as a real safe haven. 

On the other hand hand, Malta isn’t the best or easiest citizenship by investment program.

Although the process for Maltese citizenship by investment is straightforward, you have to meet quite a few requirements. It’s not like Dominica’s program where you give them $100,000, fill out a few forms, and get your passport.

You’re going to need to actually move to Malta, and you’ll be paying more than ten times as much for a second passport when compared with the cheaper CBI programs. 

Also, you’ll need to carefully consider how getting Maltese citizenship by investment will impact your current plans and strategies since it is another tax burden and will restrict your movement for at least a year.

If you are a six, seven, or eight-figure global citizen running a business, you might be better off going for some other citizenship by investment program. You could simply get the few extra things that a Maltese passport gives you on your own.

That being said, Malta’s citizenship by investment scheme is an interesting option as it gives you an EU passport with Schengen access – that’s certainly valuable. 

If investing nearly a million euros isn’t an issue for you, you should talk to a professional to help you weigh your options and make sure that you’re going where you’re treated best.

We can help.

Jovana Vojinovic

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The Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success

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