Malta has been a member of the EU since 2004 and of the Schengen Area since 2007. Malta offers South African investors a very stable political and economic climate, high levels of education and healthcare, and a fantastic Mediterranean lifestyle. Investors have the option of either leasing or buying property, so it is a great alternative for investors who would prefer not to have their capital tied up in property, while enjoying all the benefits of residency within the European Union.
Revisions were made to the Maltese Citizenship Act in 2020, opening up the opportunity for investors to apply for citizenship through the Granting of Citizenship for Exceptional Services Regulations.
Malta Residency | Malta Citizenship | |
---|---|---|
Citizenship | An applicant may apply for citizenship after 5 years of physical residence in Malta | Citizenship Eligibility Application required |
Immigration Rights | Live in Malta and travel freely through Schengen countries |
Visa-free travel to 184 destination
Schengen Residency Right to reside in Malta |
Processing Times | 6-8 months | Residency card issued within 1 month.
Naturalisation within 36 months or 12 months against a higher investment |
Investment Requirements | Property purchase EUR 300,000-350,000, AND Contribution EUR 28,000, plus EUR 7,500 per parent/grandparent AND EUR 2,000 donation to approved charity AND EUR 40,000 government admin fees OR Property rental EUR 10,000-12,000 p.a AND Contribution EUR 58,000 plus EUR 7,500 per parent/grandparent AND EUR 2,000 donation to approved charity | 3 Year Residency: Contribution EUR 600,000 plus EUR 50,000 per dependent
1 Year Residency: Contribution EUR: 750,000 plus EUR 50,000 per dependent AND Purchase of a property @ EUR 700,000 OR rental @ 16,000 p.a for 5 years AND Donation to approved charity EUR 10,000 |
Return On Investment | Capital growth of property | Capital growth of property |
Other Requirements | Self-sufficient Min EUR 150,000 in financial assets plus EUR 350,000 in capital | Genuine connection with Malta |
Exit From Investment | Sale of property on the open market, if to another investor they would also qualify for residency | Sale of property on the open market after 5 years |
Family | Children and parents can be included in the application – no age limit | Children up to the age of 28 and parents/grandparents over the age of 55 can be included in the application |
Residency Requirement | No residency requirement | Need to demonstrate ties to Malta through a combination of commercial activity, social integration & personal links |
Application Process | Once off. Renewal of residency card every 5 years | Residency card application Citizenship eligibility application Citizenship application |