The Malta IIP programme is reaching its cap, and the Government has put a deadline on all new applications. Residence applications will be accepted until the 31st of July, and Citizenship applications until the 30th of September.
Therefore, from September onwards, a new programme will be in place once new regulations come into play. But what will the changes look like against the actual IIP?
Up to know, applicants interested in being granted Maltese Citizenship would need to make three critical Investments
However, this will change with the new programme. So far, the announced changes to the programme will be resumed as follows:
The most significant change is that there will be 2 residence options leading to Citizenship:
The Real Estate investment with a minimum value of EUR700,000 (previously EUR350,000) or a rental investment of EUR18,000 annually (previously EUR16,000)
While this doubles the purchase requirement, the change in the minimum threshold confirms the steady increase of the Maltese Real estate market, which has seen double-digit growth over the past three to five years.
Changes in the qualifying investment and a strengthening of the Due Diligence process are in line with what we predicted in Amendments to Malta IIP – Quo Vadis?
If you are interested in applying for Citizenship, please get in touch soon. If the citizenship application is submitted after the end of September, your application will fall within the new qualifying criteria.
You can submit your residence application under the current Malta Individual Investor Programme (IIP) until the 31st of July, and your Citizenship application until the 30th of September.
If you have residence but you do not submit your application before the 30th of September, your application will fall within the new regulations. Andres Guitierrez is an investment immigration consultant, with a master’s in international business law, working with CSB Group in collaboration with Malta Sotheby’s International Realty. He is contactable via +356 9924 1428 or on email email@example.com. Alternatively, you can get in touch here.