The Individual Investor Programme of the Republic of Malta (IIP)
Posted on 5th March 2014 in News
The Individual Investor Programme of the Republic of Malta (IIP) targets high net worth, fit-and-proper individuals who wish to acquire Maltese Citizenship and invest in Malta. The programme is managed by a newly set up government entity, Identity Malta, and applications for citizenship by naturalisation under this IIP may be filed by interested candidates through their preferred advisors who need to be licensed by Identity Malta.
The requirements for a person to benefit under this IIP are far from cumbersome consisting mainly of a contribution per applicant and dependants, investment in immovable property in Malta, which may be a rental investment or an acquisition, and liquid investments in approved securities. Proof of a year’s residence in Malta shall be required prior to the applicant being handed the passport.
Applications are to be submitted together with due diligence documentation requested, though authorised agents, such as DF Advocates, which agents liaise directly with Identity Malta on behalf of the applicant. Fees due are payable in their major part upon success of the application with a non-refundable proportion being withheld upfront.