20 Nov 2020
Earlier today, the 20th of November 2020, new Regulations entitled the “Granting of Citizenship for Exceptional Services Regulations” were issued in virtue of Legal Notice 437 of 2020 (L.N. 437).
These new Regulations set out the framework under which Maltese citizenship may be granted to certain individuals on the basis of their exceptional contributions to the Republic of Malta (such as contributions by scientists, researchers, athletes, artists and cultural performers) as well as ‘exceptional direct investment in the economic and social development of Malta’.
More specifically, for an individual to apply for a certificate of naturalisation in terms of these Regulations, the following conditions must be satisfied:
In all instances the individual must also:
The minimum amounts that qualify as ‘exceptional direct investment’ are:
In either case, a € 10,000 donation to a Maltese philanthropic organization must also be made.
In addition, the individual must undertake to either purchase real estate in Malta with a minimum value of € 750,000 or rent a property for a minimum annual rent of €16,000 for a period of 5 years from the date of the issue of the certificate of naturalisation.
The individual’s dependents can also benefit from the naturalisation process for a fee of € 50,000 per dependent. ‘Dependents’ are family members of the individual and include:
During the application for residency and eventual citizenship, the applicant will also have to pay administrative fees to the Community Malta Agency (“Agency”) including a €10,000 non-refundable deposit with the main investment and €15,000 due diligence fees. The Agency was introduced by a separate law and will be administering this new citizenship programme.
Any applications that have already been submitted with Identity Malta and/or the Malta Individual Investor Programme Agency prior to the coming into force of this Legal Notice may be completed by and under the authority of the Agency.
Any rights and obligations arising from contracts for service entered into by Identity Malta and the Malta Individual Investor Programme Agency with any agents or advisors which were effective prior to the coming into force of this Legal Notice, may by agreement with the Agency be assigned to the latter. The Agency shall also substitute Identity Malta and/or the Malta Individual Investor Programme Agency in any legal proceedings to which they are party.