World_map-08-Malta

Malta

Country profile

Malta is a small but densely populated island-nation in the Mediterranean Sea. An important naval base for the many powers that ruled over Malta throughout its history, it famously resisted siege by the Ottomans in 1565. Malta is home to three UNESCO World Heritage Sites, including its fortified capital city – Valletta. Its economy is dependent on tourism, the provision of financial services, and information technology, but the Government has also been keen to encourage ventures such as film production. Over the past decade, Malta’s real GDP growth has been higher than the EU average. Malta acceded to the European Union in 2004 and to the Eurozone in 2008.

  • Official name: Republic of Malta
  • National anthem: The Maltese Hymn
  • Location: Mediterranean, Europe
  • Capital city: Valletta
  • Official language: Maltese; English
  • Independence: 21 September 1964, from the United Kingdom
  • Government type: Parliamentary democratic republic
  • Head of State: President
  • Head of Government: Prime Minister
  • Basis of legal system: English common law; French civil law; Roman civil law
  • Currency: Euro
  • Climate: Hot-summer Mediterranean climate
Malta
report

Programme Profile

The Malta Individual Investor Programme

  • Shaped by Legal Notice 47 of 2014 and its 2018 amendment
  • The Malta Individual Investor Programme Agency (MIIPA) has announced that it will halt receipt of applications on 30 September 2020, at which point a new iteration of the IIP will begin
  • Requires a three-tier investment: a non-refundable contribution, the purchase or rental of real estate (which must be held for five years, during which time it may not be let or sublet), and the acquisition of government bonds, stocks, debentures, or special purpose vehicles (to be retained for five years)
  • Due Diligence Fees and Bank Charges apply
  • Global health insurance of at least €50,000 must be held indefinitely
  • Applicants must show 12 months’ residence on Malta
  • Strong due diligence practices
  • Citizen names are published in Malta’s Gazette within 12 months of obtaining citizenship