The timeframe to obtain a Malta Golden Visa, also known as the Malta Individual Investor Program (MIIP), can vary depending on several factors. While it is difficult to provide an exact timeline, here is a general overview of the process and the estimated timeframes involved:
Application Preparation: The duration for preparing the application, gathering the required documents, and completing the necessary forms can vary depending on individual circumstances. This step may take several weeks to months, depending on the complexity of your situation.
Application Processing: Once the complete application is submitted to the Malta Individual Investor Program Agency (MIIPA), the processing time for the initial review and assessment can take several months. This period involves the evaluation of the application, due diligence checks, and verification of the supporting documentation.
Due Diligence Process: The due diligence process, which includes background checks and security screenings for the main applicant and dependent family members, is typically conducted by authorized entities approved by the MIIPA. This process can take several weeks to complete, depending on the complexity of the case and the workload of the due diligence providers.
Investment and Contribution: Once the application is approved and the due diligence process is successfully completed, the applicant is required to fulfill the financial obligations, such as making the necessary investments and contributing to the National Development and Social Fund (NDSF). The timeframe for this step depends on the specific investment options chosen and the administrative processes involved.
Residence Permit and Naturalization: After fulfilling the investment and contribution requirements, the applicant can be issued a residence permit. The duration of the residency period required by the MIIP is 12 months. Once the residency requirement is met, the applicant can proceed with the naturalization process to obtain Maltese citizenship. This process can take additional months to complete.
Considering the various stages involved, the overall timeframe to obtain a Malta Golden Visa can range from approximately 12 to 24 months or more, depending on individual circumstances, the efficiency of the application process, and any potential delays or additional requests for information that may arise during the evaluation.
It’s important to note that the above timeframes are estimates and can be subject to change based on the specific circumstances and the current policies and procedures of the MIIP. It’s recommended to consult with licensed agents or specialized advisors who have experience with the MIIP to obtain the most accurate and up-to-date information tailored to your situation.
