Why Americans Are Choosing Dual Citizenship in Malta

In recent years, more Americans have been exploring the option of obtaining dual citizenship, with Malta emerging as a popular destination. 

Vladlena Baranova, Lawyer, AML Compliance officer at Immigrant Invest, certified CAMS specialist, explains why Americans are increasingly choosing Malta for dual citizenship, the advantages it brings, and how to go about obtaining Maltese citizenship for exceptional services by direct investment.

Malta Citizenship Overview

Malta is a small Mediterranean island nation known for its strategic location and strong economy. Malta offers a route for obtaining dual citizenship for Americans, and it is by naturalisation only.

The most common ways to gain Maltese citizenship are by naturalisation, marriage to a Maltese citizen, or living in Malta for 1 or 3 years after making a significant economic contribution to the country.

9 Benefits of Malta Сitizenship for Americans

1. Visa-free travel. A Maltese passport grants access to over 160 countries worldwide, including popular destinations in the Schengen Area, the UK, Canada, and more.

2. Business opportunities. Malta’s stable economy and business-friendly environment make it an attractive destination for entrepreneurs. US citizens with Maltese citizenship can enjoy access to the European market and benefit from favourable tax rates.

3. Healthcare access. Maltese passport holders gain access to high-quality healthcare in Malta and across EU countries under the European Health Insurance Card programme.

4. Education benefits. Maltese citizens enjoy access to the EU’s educational system, including universities and colleges, often at subsidised rates.

5. Security and stability. Malta ranks as one of the safest countries in Europe. Its political and economic stability offers a reliable base for both individuals and businesses.

6. Cultural advantages. With Malta’s rich history and cultural heritage, American citizens can benefit from its dual heritage, combining Mediterranean and British influences.

7. Retirement option. Malta is known for its high quality of life, warm climate, and tax-friendly environment for retirees, making it an attractive destination for those looking to retire abroad.

8. Family benefits. Citizenship can be passed on to children and future generations, ensuring that family members also benefit from it.

9. Residency freedom. Malta offers a great base for international travel due to its position in the Mediterranean, allowing easy access to Africa, the Middle East, and Europe.
   

How to Obtain Malta Citizenship for Exceptional Services by Direct Investment

Investment requirements. To obtain Maltese citizenship for exceptional services by direct Investment, individuals must meet a set of requirements, including making a significant contribution to the country’s economy and development. The process generally involves several mandatory options:

1. Contribution to the National Development and Social Fund. Applicants must make a non-refundable contribution to Malta’s National Development and Social Fund. The required amount starts at €600,000 for a minimum 36-month residency, or €750,000 for a reduced 12-month residency period.
2. Investment in property. Applicants are required to invest in property, either by purchasing a property valued at a minimum of €700,000 or renting a property with a minimum annual rental cost of €16,000.
3. Donation of at least €10,000 to a Maltese non-governmental organisation.

Due Diligence. The Maltese government conducts a four-tier background check to ensure applicants meet ethical and financial standards.

Family eligibility. Principally dependent spouses, children, and parents over 55 can be included in the application.

What is Dual Citizenship for US Citizens?

Dual citizenship means that a person is a citizen of two countries at the same time. For Americans, this means holding both a US passport and the passport of another country, in this case, Malta. The US allows dual citizenship, so American citizens are permitted to hold citizenship in another country without losing their US citizenship.

However, there are some important considerations. While the US does not require individuals to renounce foreign citizenship, the US government may impose certain obligations, such as taxation on worldwide income. This is important for those considering dual citizenship to understand the legal, financial, and tax implications.

One key benefit of dual citizenship for Americans is the ability to legally reside, work, and invest in both countries. Additionally, dual citizens can take advantage of healthcare, education, and other benefits in both the US and Malta. On the flip side, dual citizenship can sometimes involve complex paperwork, particularly when dealing with inheritance laws and tax obligations.

Conclusion

Malta’s citizenship offers numerous benefits for Americans, visa-free travel, business opportunities, and much more. Whether seeking better healthcare or a safe and stable environment, Malta provides a unique and attractive option for dual citizenship.