Today, there is no need to wait for many years for getting citizenship of some countries thanks to a range of investment programs, legal on certain islands in the Caribbean or the South Pacific. Before applying for a second passport, it is important to consider possible benefits.
One of the options available today is the Malta Individual Investor Programme (MIIP), which allows obtaining citizenship by investing. There are plenty of benefits you can enjoy if opting for this program. More detailed information about it is available here, and in this article, we will go through the initial information as well as the benefits of MIIP.
Basic Information about the Citizenship Program in Malta
MIIP is one of two similar programs currently available in the EU and only one in the Schengen countries. It was created in November 2013 in order to attract investments to the national economy. Applicants not only need to have sufficient financial funds to become investors but also have good moral character.
There is a range of assets you can choose to invest in, including the following:
- government fund;
- government-sanctioned bonds/stocks;
- real estate.
The Main Five Benefits of the Program
There are plenty of advantages you can enjoy if you apply for this program, but the core ones are as follows:
- Obtaining citizenship for a lifetime;
- Traveling to plenty of countries without a visa;
- Free high-quality healthcare;
- Free access to educational programs;
- Quick and easy processing.
Benefit #1: Obtaining Citizenship for a Lifetime
If you get your citizenship through the program, you will be able to use it for a lifetime. This means that you will not have to bother with renewing it. Also, your family members can become residents of this country, including children under 26 years and parents older than 55 years.
Benefit #2: Traveling to Different Countries
By obtaining a Maltese passport, you will open a door to 168 countries, where you can travel to without any visa. They include the US, the UK, Canada, and more. Moreover, while waiting for your citizenship, you can get a one-year Schengen residency based on your application.
Benefit #3: Free High-Quality Healthcare
As a resident of Malta, you can get access to one of the five best healthcare systems, according to the WHO. The system is funded from national insurance and taxes and allows getting a range of medical services for free, including the following:
- issuing prescriptions;
- treatments by different healthcare specialists.
Benefit #4:Free Access to Educational Programs
Children can study in local public schools for free. Such programs also include the following:
- free transport to/from schools;
- free educational materials.
The University of Malta is also free for Maltese citizens. Moreover, those who obtain citizenship through the program can also get a stipend along with an allowance for certain expenses related to education.
Benefit #5: Quick and Easy Processing
There are clear and simple rules for obtaining a Maltese passport. The basic requirements include:
- being above 18 years old;
- willing to invest according to the program;
- having a clean criminal record.