|By Marketwired .||
|May 8, 2014 07:50 PM EDT||
PANAMA CITY, PANAMA -- (Marketwired) -- 05/08/14 -- The Republic of Malta allows investors to apply for citizenship, with all of its advantages. Acquiring Maltese citizenship also confers the benefits of European Union citizenship, since Malta has been a member of the European Union since 2004. Maltese citizenship also provides a visa exemption to more than 160 countries around the world, including the U.S.A.
The Malta Individual Investor Program is the first program of this type, and its validity is officially recognized by the European Commission.
Mossack Fonseca & Co. is currently working in close collaboration with a credited person in Malta affiliated with the Individual Investor Program, in order to assist our distinguished clients to gather and prepare the necessary documents to apply for the IIP.
Individual Investor Program ("PII" or "IIP" in English)
Through its Individual Investor Program, the Republic of Malta grants citizenship to those people -- and their families -- who contribute to the economic development of Malta. This program is limited to a maximum of 1,800 persons.
To have access to this prestigious and exclusive program, an applicant must:
- Acquire a residential property for an amount of at least EUR 350,000. Alternatively, the applicant may lease a residential property with an annual rent of at least EUR 16,000. In any event, the property or lease must be kept for at least five years;
- Make an investment of at least EUR 150,000 in shares, bonds, debt securities, Special Purpose Vehicles or other investment vehicles approved by the IIP-responsible agency in Malta;
- Make a contribution of EUR 650,000 to the Government, for the principal applicant (from which EUR 10,000 shall be a non-returnable contribution, to be sent prior to the submission of the application for the Program), plus:
- EUR 25,000 for the principal applicant's spouse,
- EUR 25,000 for each child under the age of 18,
- EUR 50,000 for each single child between 18 and 26,
- EUR 50,000 for each dependent over 55, and
- Prove residence for at least twelve (12) months prior to the issuance of the naturalization certificate.
In addition to the above requirements, the applicant must:
- Be of legal age,
- Be in good health, both physically and mentally,
- Submit certificates issued by health providers with a reputation acceptable by the Malta Government Agency in charge of IIP showing that the applicant and his/her dependents have no contagious diseases,
- Be covered -- as well as his/her dependents -- by a global health insurance policy,
- Provide evidence to satisfy IIP administrative authorities that the applicant and his/her dependents have not been convicted for committing crimes, and
- Be no threat to Malta's national security, public health or public policies.
In an ever-changing world, the acquisition of a second citizenship is a wise decision and an investment for the future. There are no restrictions in Malta regarding double citizenship, and the petitioner may keep his/her current citizenship while enjoying the benefits of a second legal passport.
The possibility of becoming a member of this exclusive, prestigious and beneficial program is a golden opportunity! Do not miss it! If you require further information, please do not hesitate to ask us about the Malta Individual Investor Program.
Marketing Communications Assistant
MOSSACK FONSECA & CO. (PANAMA)
54th E. Street, Panama
Tel. + 507 205-5888 ext 361