The new economic citizenship program is planned to be operational for initial pilot cases in the course of November 2013. The Malta program is aimed at the elite high net worth individuals and their families worldwide. It offers citizenship in a EU Member State that is stable, neutral and highly respected worldwide. An proficient application process, and an extremely stringent due diligence standard is applied to the screening of applicants, ensuring only highly regarded and esteemed clients will be admitted.
EU citizenship gives the right of establishment in all 28 EU countries as well as extensive visa free travel to many countries, including, USA and Canada,
Citizenship is granted to suitable single persons and families who qualify under the very strict due diligence regime and who make a significant contribution to the National Development Fund established by the Government. The minimum contribution levels that must be met in the initial phase of the program have been set as follows:
Contribution to National Development Fund of EUR 650,000 for main applicant
Contribution for spouse and minor children: EUR 25,000 each
Contribution for dependent children 18 to 25 years or dependent parents above 55 years: EUR 50,000 each
Furthermore, Due Diligence fees apply, and these have been set at the following levels: For main applicant: EUR 7,500; for spouses, adult children and parents: EUR 5,000; for children between 13 and 18 years of age: EUR 3,000 each