Individual Investor Program (IIP)
The program is planned to be operational for initial pilot cases in the course of November 2013. The Malta IIP is aimed at ultra-high net worth individuals and families worldwide. It offers citizenship (passport) in a EU Member State that is stable, neutral and highly respected, an efficient application process, and the world’s strictest due diligence standards and vetting of applicants, thus ensuring only highly respectable clients will be admitted.
EU citizenship gives the right of establishment in all 28 EU countries.
Citizenship is granted to suitable individuals and families who qualify under the very strict due diligence regime and who make a significant contribution to the National Development Fund established by the Government. The minimum contribution levels that must be met in the initial phase of the program have been set as follows:
• Contribution to National Development Fund of EUR 650,000 for main applicant
• Contribution for spouse and minor children: EUR 25,000 each
• Contribution for dependent children 18 to 25 years or dependent parents above 55 years: EUR 50,000 each
Furthermore, Due Diligence fees apply, and these have been set at the following levels: For main applicant: EUR 7,500; for spouses, adult children and parents: EUR 5,000; for children between 13 and 18 years of age: EUR 3,000 each.