I have been working with Dominion Marine since 2013, contracting most of the services they offer for private yachts. It is a great working relationship.Beneficial Owner, 36m Motor Yacht
Dominion Marine (Malta) Limited is duly licenced to act as Accredited Agent by means of licence IIP180. Our Accredited Person, Dr. Francesca Galea has been an agent with various firms since the inception of the programme and has vast experience on completing successful applications with the Authority.
Introduction / Programme Overview
The Malta Individual Investor Programme (IIP) has entered into legal force in Malta in 2014. This programme grants citizenship by a certificate of naturalisation to individuals and their families, who are in a position to contribute to the economic and social development of Malta. Every application is subject to a stringent due diligence process, including thorough background checks. The Malta Individual Investor Programme Agency (MIIPA) manages the IIP.
The advantages and obligations of obtaining Maltese citizenship and the benefits gained will vary from individual to individual, but include:
- Visa free travel within to more than 160 countries worldwide
- Right of work and establishment in all EU countries
- Tax planning benefits
- Cost-effective investment capital when compared to other EU countries
- Dependence on more than one passport
- Personal security
- A stable EU jurisdiction
- An excellent investment environment
- Good Quality of Life and Standard of Living
- Robust Education system
- Significant geographical location
- Pleasant Climate
In summary, in order to qualify for citizenship, the main applicant must be at least eighteen (18) years of age, provide proof of having resident status in Malta for twelve (12) months preceding the issuing of a certificate of naturalisation and meet the following three investment requirements in total amounting to €1,140,000:
- The acquisition of real estate with a minimum value of €350,000 to be held for at least 5 years, or a lease of residential immovable property in Malta for 5 years at an annual rent of at least €16,000. Immoveable property cannot be let or sub-let;
- Make a contribution to the National Development and Social Fund of €640,000;
- An investment in stocks, bonds or any other securities listed on the Official List of the Malta Stock Exchange or special purpose vehicles to be identified by MIIPA, for a minimum value of €150,000 to be held for a minimum of 5-years.
The Main applicants can include the following dependants in their IIP application:
- the spouse of the main applicant through a monogamous marriage or civil union, or a de facto partner, or a person with whom a relationship is held through a status which is the same as or similar to marriage;
- a child, including an adopted child, of the main applicant, or of the spouse of the main applicant, who is less than 18 years of age;
- a child of the main applicant, or of the spouse of the main applicant, who is between 18 and 26 years of age, who is not married, and who proves, to the satisfaction of the Minister, that he/she is wholly maintained or supported by the main applicant;
- a parent or grandparent of the main applicant, or of the spouse of the main applicant, who is over 55 years of age, who proves, to the satisfaction of the Minister, that he/she is wholly maintained or supported by the main applicant, and forms part of the household of the main applicant; or
- a child of the main applicant, or of the spouse of the main applicant, who is at least 18 years of age, is physically or mentally challenged, and who is living with and is fully supported by the main applicant: Provided that such person has the capacity to take an oath of allegiance.
Main applicants and each of their dependants must have a global health insurance coverage for at least €50,000 and must provide evidence that they can maintain it for an indefinite period.
All applicants who are over 18 years of age are obliged to fly to Malta to undertake the Oath of Allegiance in person.
The table below shows detailed information about the minimum required contributions and administration fees to qualify for citizenship under the MIIP.
Government Fees & Investment Obligations
|Main Applicant||Spouse||Dependants (0-26 years of age) (over 55 years of age)||Renewal of Residency Cards|
|Part contribution of a non-refundable deposit, including card fees||Residency card administration fee||Residency card administration fee||Administration fee|
|€ 5,000||€ 1,000||€ 1,000||€200|
|Main Applicant||Main Applicant||Spouse||Dependant Child (13-17 years of age)||Dependant unmarried child (18-26 years
over 55 years of age
of a non-refundable
|Due diligence fee||Due diligence fee||Due diligence fee||Due diligence fee||Due diligence fee||Bank Charges €200|
|€5,000||€7,500||€5,000||€3,000||€5,000||€5,000||Passport Fee €500|
Contributions (NATIONAL DEVELOPMENT AND SOCIAL FUND)
|Main Applicant||Spouse||Dependant Child||Dependant unmarried child||Dependant Parent|
|Purchase residential property value more than €350,000
Lease of residential property with an annual rental value of more than €16,000
|Required investment of €150,000 in a prescribed investment which must be held for a minimum of five years and pledged to MIIP.|