For South Africans, having a passport issued to you from any of the EU country entitles you to full European Union citizenship, allowing you to live, work and start a business in any EU member state.
Additionally, it provides visa-free travel to over 170 countries and access to high-quality healthcare and education. For South Africans looking to broaden their horizons and leverage the opportunities within the European Union, acquiring a European passport, particularly a Maltese one, can be a life-changing move. Malta is especially appealing due to its relatively straightforward routes to residency and citizenship, its delightful Mediterranean setting and its rich cultural landscape.
What we can do for you
We at Frank Salt Real Estate, in collaboration with our specialist immigration partners and advisors, can assist South African clients in securing Maltese residency through qualifying for specific residence permits through investment and in some cases this can also open the way to acquiring Maltese citizenship.
If an individual prefers to go the route of acquiring citizenship, it is important to note that if one chooses to not go the traditional route, this is can be an expensive, lengthy and stringent process that requires certain conditions are met as determined by the government of Malta. But ultimately it is absolutely worth it: for those lucky to have been awarded Maltese citizenship, the opportunities are indeed limitless.
The most typical way for South Africans to obtain a Maltese passport is through naturalisation. This requires residency in Malta for a specific duration and that the individual meets certain criteria. These include:
In November of 2020 Malta officially launched the latest outlines which allow what is referred to as third-country nationals (Such as South Africans) the opportunity to obtain Maltese and therefore EU Citizenship: the programme is officially known as the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment (NESDI) regime. This allows foreign nationals to first gain residency and then potentially citizenship through means of a making a significant investment. The investments needed are in brief:
Applicants must either purchase or rent a property, as part of the NESDI framework’s requirements. When purchasing a property, a qualifying property would need to have a at least a value of €700,000. If an applicant chooses to rent a qualifying property instead, the minimum annual rent is to be at least €16,000. The property needs to be adequate and suitable for the applicant and any dependants plus the title of the property or the lease would need to be held for a minimum period of five years from the date of issue of the certificate of Maltese citizenship. Additionally the applicant would need to provide proof of retention of the property through an Annual Compliance Form that is submitted yearly to the governmental agency that oversees the NESDI framework and this is required for five years after citizenship is obtained.
An applicant will be required to make a donation of at least €10,000 to a registered Maltese philanthropic, scientific, cultural, sport, animal welfare or artistic non-governmental organisation or society that is enrolled with the Commissioner for Voluntary Organisations.
For all information regarding this process above, make sure to visit https://franksalt.com.mt/malta-residence-programmes/malta-citizenship-by-direct-investment/
Getting naturalisation as an investor is the quickest but most costly route to obtaining an EU passport. Depending on which country you choose, minimum investments can range from €250,000 to €690,000 plus. The traditional route to naturalisation is more time-consuming but far more affordable but obtaining a Maltese passport will open up a world of opportunities within the EU. Many South Africans have already embraced Malta’s lifestyle, culture and language, embarking on a rewarding journey of personal and professional fulfilment.
Since real estate forms part of the route to obtaining Maltese citizenship, we are best qualified to assist you in this regard. We are Malta’s oldest and biggest real estate group and have been around for more than 55 years. Make sure to look at all the options for residency at https://franksalt.com.mt/malta-residence-programmes/ and contact us today with any questions.