The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
  • About Us
  • Latest
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
People

How Does Malta’s Passport Sale Through Investment Works?

by Maja Vucetic November 9, 2019
by Maja Vucetic November 9, 2019

Many people aspire to be citizens of the world. They are not tied down to any location and free to explore the endless bounds and corners of the Earth. There are many options at your disposal, but is Malta’s Residency the right fit for you?

Malta has been deemed the golden pathway to the European Union. Marked by its highly esteemed real estate market, low crime rates, and ever-growing economy, it’s quite the tantalizer.

According to CSB Group, the Malta citizenship by investment program offers citizenship and a passport of the country itself. Moreover, successful applicants get citizenship to the EU, allowing them to travel study and reside in any of the EU countries and many more. Let’s explore how this program works and find out if you qualify.

Source: Citizenship Shop

Malta’s Passport Sale through Investment Program

In comparison to the other Golden Visas available throughout Europe, the Malta citizenship by investment Programme comes highly recommended. The costs start with a €650, 000 contribution to the Maltese government. Seventy percent of this amount will go towards supporting a state-sanctioned Fund, and the rest is funneled into a consolidation fund.

This amount is for the principal applicant alone. If you want to add your children to the application, you’ll need to pay an additional €25,000 per child, on condition that they’re between the ages of 0 to18.

Unmarried children aged 18 to 25 as well as dependent parents are expected to pay €50,000 each. These amounts must be paid after you’ve submitted your application, and they exclude fees you would have to furnish for the assistance of an authorized agent.

Source: Kiplinger

The application process is as follows:

  • Firstly, you need to find a reputable, accredited agent to assist you with your application. You also need to pay €5, 000 against the required €650 000 lump sum towards your contribution to the Maltese National Development and Social Fund and €1, 000 for each family member.
  • Secondly, you need to file your duly completed application form, along with the required supporting documentation to Identity Malta. At this point, you need to have paid €10 000 against the contribution and any additional fees such as due diligence fees, bank charges, and passport fees.
  • Thirdly, you need to undergo a “fit and proper” test to prove that you are of upstanding character and good health. This process includes a four-tier research process undertaken by the Maltese government to ascertain each individual applicant’s suitability.

You must also provide proof that you have a clean criminal record. The state will countercheck this information with INTERPOL as well as the International Criminal Court.

  • Fourth, after receiving confirmation from Identity Malta, you need to make the remaining payments within a period of 4 months of being approved. The last step is receiving your certificate of citizenship by naturalization and take an oath of allegiance.

Source: Malta Concierge

As mentioned, the citizenship package confers citizenship to your family members as well. This is in addition to the perks of being able to freely travel in countries like Switzerland, Norway, Liechtenstein, Iceland, and many other European Union countries without worrying about border checks and border control.

It’s important to note this program comes with a stringent application process, which can be both an advantage and a disadvantage. An advantage in the sense that only legitimate applicants will be successful, but it can discourage people from applying.

Conclusion

Acquiring citizenship in another country can be scary. You don’t know what to expect, but the other side of the coin poses a world of opportunity for you and your family. A great part about the Maltese residency is that you can retain your previous citizenship, so you always keep a part of a home with you. It’s one of the most lucrative and reliable “Golden Visa” programs in all of Europe and has been officially endorsed by the EU.

Application Processclean criminal recordEUGolden VisaInvestment ProgramMalta citizenshipMalta’s Passport SalePassport
Maja Vucetic

Maja is a talented writer and content editor at TheFrisky, with a diverse range of interests spanning from the arts to gardening and interior design. A graduate of the Faculty of Arts, Maja brings a unique perspective and a passion for creativity to her work.

previous post
Learn To Make Kitchens More Spacious
next post
Mirror, Mirror: Touch My Belly, Please

Related Posts

How to Renew Your St. Kitts and Nevis...

March 6, 2023

How to Gather Evidence for a Strong UK...

February 13, 2023

How Long Does It Take to Become a...

February 2, 2023

Recent Posts

  • What is a VIN Number and Why It’s Important

    June 8, 2023
  • The Best Outdoor Activities When You’re Short On Time But Crave Fresh Air And Movement

    June 8, 2023
  • The Role of Power in Influence: Understanding and Managing Power Dynamics

    June 8, 2023
  • How CSGO Skins Boost the Game’s Popularity

    June 8, 2023
  • Car Cleaning Tips from A Professional Detailer

    June 8, 2023
  • 4 Ways to Download Your Instagram Reels with Music

    June 8, 2023
  • What to See in Busan in 3 Days

    June 8, 2023
  • What’s Happened to The UK Property Market in 2023?

    June 7, 2023

Categories

  • Accessories
  • Animals
  • Anime
  • Art
  • Astrology
  • Beard Care
  • Beauty
  • Betting
  • Biography
  • Blog
  • Business
  • Buying Guides
  • Cannabis
  • Cars
  • Casino
  • CBD
  • Celebs
  • Children
  • Citizenship
  • Clippers
  • Clothes
  • Computer
  • Couple Time
  • COVID-19
  • Crime
  • Crypto
  • Culture
  • Design
  • DIY
  • Economics
  • Education
  • Entertainment
  • Environment
  • Family
  • Fashion
  • Featured
  • Food
  • Food & Drink
  • Furniture
  • Galleries
  • Gambling
  • Games
  • Gardening
  • Gifts
  • Girl
  • Gossip
  • Guide
  • Guys
  • Hair
  • Hair Care Tips
  • Hair Dryers
  • Hair loss
  • Hairstyles
  • Health
  • Highlights
  • History
  • Hobby
  • Home
  • Horoscopes
  • Hot Rollers
  • How to …
  • Industry
  • Internet
  • Interview
  • Law
  • Legal Advice
  • Life
  • Lifestyle
  • Love & Sex
  • Love Your Self
  • Makeup
  • Marketing
  • Medicine
  • Mind & Body
  • Money
  • Motorcycle
  • Movies
  • Moving
  • Music
  • Nails
  • Net Worth
  • News
  • Parenting
  • People
  • Pets
  • Photography
  • Products for Hair
  • Real Estate
  • Recipes
  • Relationships
  • Religion
  • Royals
  • SEO
  • Shopping
  • Skincare
  • Sports
  • Studying
  • Style
  • Super Stars
  • Tech
  • Technology
  • The Body
  • Tips
  • Tips & Tricks
  • Tools
  • Toys
  • Travel
  • Type
  • Uncategorized
  • Vehicle
  • Video
  • VR
  • Wedding

Contact us:

santosmilewa [at] demotix.com

Footer Logo
  • About Us
  • Latest
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

© 2023 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.

The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
© 2023 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.

Terms and Conditions - Privacy Policy