Applying for a Malta Golden Visa, officially known as the Malta Individual Investor Program (MIIP), involves a comprehensive process that includes several steps. Here is a general overview of the application process:
Engage a Licensed Agent: It is mandatory to engage a licensed agent or an accredited person authorized by the government to submit applications under the MIIP. The agent will guide you through the process, assist with the application, and provide necessary advice.
Eligibility Assessment: Before proceeding with the application, the licensed agent will assess your eligibility based on the program’s requirements, such as financial resources, background checks, and other criteria.
Application Preparation: The licensed agent will assist you in preparing the necessary documentation, including application forms, supporting documents, investment details, due diligence reports, and other relevant information.
Submission of Application: Once the application is complete, the licensed agent will submit it on your behalf to the Malta Individual Investor Program Agency (MIIPA), which is responsible for reviewing and processing applications.
Due Diligence Process: Each applicant and their dependents will undergo a thorough due diligence process, including background checks, source of funds verification, and security screenings. This process is conducted by authorized entities approved by the MIIPA.
Investment and Contribution: Upon approval of the application, the applicant must fulfill the financial requirements of the MIIP, such as making the required investment and contribution to the National Development and Social Fund (NDSF). This may involve investing in real estate, government bonds, or other approved financial instruments.
Residence Permit and Naturalization: Once the investment and contribution are made, and the residency requirements are met, a residence permit will be issued. After the specified period of residency and compliance with all requirements, including the good character requirement, the applicant and their dependents can proceed with the naturalization process to obtain Maltese citizenship.
It’s important to note that the application process and requirements may be subject to change. Therefore, it is advisable to consult with a licensed agent or specialized advisors who are well-versed in the MIIP to obtain accurate and up-to-date information and guidance tailored to your specific situation.
