Malta Citizenship by Investment- Discover the Eligibility Criteria
If you have been thinking of obtaining Malta’s residency, one of the best programs to go for it is the Citizenship by Investment scheme. As the name indicates, you have to make an investment in order to obtain citizenship. As long as you are financially sound and willing to fulfill the requirements, you will have no issues. But, it is best to know the eligibility criteria of the program in order to ensure you can apply for it.
First and foremost, if you want to qualify for the Malta Citizenship by Investment program, you should be 18 years of age. You also need to add dependents to your applications, which include your spouse, kids and grandparents and they will also be able to benefit from the program. Some of the other requirements you need to fulfill include:
- The applicant should also be in good health and show that they don’t suffer from a contagious disease or one that requires treatment, which could impose a burden for the Maltese health system.
- The program also requires contribution to the National Development and Social Fund. The applicant has to contribute at least Euro 650,000, 70% of which goes into the fund set up by the Maltese government and the rest is given to a consolidated fund. Contributions from spouses, kids and dependent parents. Property purchase is also needed, along with investment in shares and bonds.
- A ‘fit and proper’ test is also required of applicants under the Malta citizenship scheme to show that they are in good standing and have a positive reputation. The Government of Malta performs great due diligence, which is a four-tier process, to ensure only reputable and deserving applicants are allowed to obtain Maltese citizenship.
- There is also a residence requirement under which you have to show a genuine link with Malta.