The Maltese archipelago includes the islands of Malta, Gozo, Comino, Comminotto and Filfla. It has a history of colonial control spanning centuries. Located south of the Italian island of Sicily between Europe and North Africa, it has been occupied by Phoenicians, Greeks, Romans, Arabs and latterly France and Britain. Independence from Britain was achieved in 1964, after the Maltese people were awarded the George Cross for defending the island during World War II. lta is a destination for Europe-bound migrants
At a glance Politics: The Labour Party won elections in March 2013 Economy: Financial services, tourism and manufacturing are key sectorsInternational: Malta pursues a policy of neutrality, while keeping close ties with Europe and the US
Forty years on Malta was the smallest of the 10 countries to join the EU in May 2004. It joined the eurozone in 2008. Since becoming an EU member, the tiny island has reported an increasing problem with immigration from north Africa and has requested more help to deal with it. The UN refugee agency has criticised the island’s policy of keeping asylum seekers in detention for 18 months. Over the centuries, Malta’s strategic position fostered its development as an important trading post and it remains a leading centre for container and freight transhipment. Malta is a popular holiday destination and tourism is the nation’s main source of income. Malta has a colonial history spanning centuries
MALTA INVESTMENT VISA
Citizenship through investment.
The Malta Citizenship Scheme is aimed at ultra high net worth individuals. Individual investors must make a minimum contribution of €650,000 to the national development fund set up by the government, invest €150,000 in government approved financial instruments and commit to a residence in Malta for a minimum of 5 years. The property value for purchased real estate needs to be a minimum €350,000. Each family member also has to contribute a sum to the development fund of €25,000 each. The benefits after one years’ residency are citizenship and a Maltese second passport. This in turn grants European citizenship and the ability to live, work and study anywhere in the EU.
- Contribution of €650,000 to Government Development Fund
- Additional contribution of €25,000 per family member
- Further €150,000 investment in approved instruments
- Minimum property purchase of €350,000
- Citizenship and passport
- Citizenship for future dependents