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Malta & Cyprus Citizenship Programs Compared

cyprus program | malta program | EU Passport | U/HNWI Immigration | EU Golden Visas | EU Real Estate | Malta Citizenship by Investment |
November 16, 2017

Malta and Cyprus are the only two European countries, which Country have their official citizenship by investment programs running in Europe .  Investors can apply for EU citizenship in any these countries through a qualifying economic investment. The question is : which country has the better EU citizenship program .Malta or Cyprus ?

Below we will highlight the major differences between the two citizenship by investment programs , Malta Individual Investor Program (MIIP) and Cyprus Citizenship by Investment program .

 

Malta & Cyprus Citizenship Programs Compared
 
Country                  MALTA                                                                       CYPRUS                                                               
 
Population
 
  • 430,835
 
  • 1,179,551
 
GDP (PPP)
 
  • $17.2 billion 
 
  • $19.81 billion 
 
Currency
 
  • Euro (€)
 
  • Euro (€)
 
Program
 
  • Citizenship by Investment in Malta

OR
  • Malta Individual Investor Program (MIIP)
 
  • Citizenship by Investment in Cyprus
 
PROGRAM BENEFIT
 
  • EU freedoms, settlement, Schengen mobility and excellent visa free travel
  • Right to reside, work and travel freely within the EU
 
  • EU freedoms, settlement, Schengen mobility and excellent visa free travel
  • Right to reside, work and travel freely within the EU
 
Languages
 
  • Maltese, English
 
  • Greek, Turkish
 Also, English, French and German are widely spoken
 
 
Language proficiency tests
 
  • No language proficiency tests
 
  • No language proficiency tests
 
Restricted countries
 
  • Afghanistan, Chad, Iran, Libya, North Korea, Somalia, Syria, Venezuela and Yemen
 
  • N/A

Family members:
  • Spouse
  • Children  
  • parents
 





Yes
  • Yes
  • Minor children,and unmarried dependent adult children under age 27).
  • Yes (under certain conditions).




 
 
Yes
  • Yes
  • Minor children (under age18 ) and (students under age 28).
  • Yes (under certain conditions).
 
Model
 
Contribution + Mixed Investment
 


Mixed Investment
 
 
 
Minimum investment:

Contribution
Government Bonds
Real Estate
 
 € 900,000


 € 650,000
 € 150,000
 Min. Rent €16,000 yearly or Purchase min. €350,000
 




 € 2,000,000

 0
 €500,000 (Optional)
 €500,000  
 
 
 
 
Additional Investment
 
  • N/A
 
  • €1.5 million min. investment in real estate / €2 million in a combination of investments
 
TERM OF INVESTMENT







Contribution

Real Estate

Government Bonds










 

 Non - Refundable

 5 years

 5 years  

 
​ Not Applicable

 3 years (but must retain possession of a permanent residence of at least €500.000 for life).

 5 years for bonds and stocks (Optional).

 
 
EU membership
 
  • Yes
 
  • Yes
 
Schengen membership
 
  • Yes
 
  • No
 
Time to Citizenship
 
  • Fast track residence cards within 1-3 weeks with Schengen mobility for 18 months.
  • Citizenship approved after 4 months processing time.
  • A total of 12 months to issue passport (inclusive of processing time) from the date of initial residency.
 
  • Approval in Principle- 3 months.
  • Once investors have held their PR cards for a total period of six months their new Passports/ID’s can be collected in Cyprus or at a Cyprus embassy.
 
Passport validity
 
10 years
 
10 years
 
Health insurance
 
  • Coverage must for a minimum of  EUR 50,000 per dependent

 

  • Coverage must for a minimum of  EUR 50,000 per dependent

 

Personal visit
 
(Physical Residence)
 
  • the Main applicant only is required to be physically present (even on an intermittent basis) for at least 3 weeks over the 12 month period.

 

  • One visit every 7 years

 
Program limits
 
  • 1800 applications
 
  • No limits
 
Refusal rates
one in four applicants (Malta citizenship program has high refusal rates )






Low

 
 
 
 
 
 
Dual citizenship
 
  • Dual-citizenship permitted and the acquisition of citizenship in Malta is not reported to other countries
 
  • Dual-citizenship permitted and the acquisition of citizenship in Cyprus is not reported to other countries
 
Visa free travel countries
 
 
  • 168 countries and territories
 
  • 158 countries and territories
 
Visa not required and / or eVisa / Visa on arrival


 
  • Australia,
  • Canada, 
  • EU member states,
  • New Zealand,
  • United States,
  • United Kingdom
 
 
 


 
  • Australia,
  • Canada,
  • EU member states,
  • New Zealand,
  • United Kingdom



 
 
Visa required
China,
Qatar,
Russia,  
Saudi Arabia







China, 
Russia,
Saudi Arabia, 
United States  
 
 
 
 
 
 
 
 
Taxes




 
  • The Maltese tax system subjects persons to tax on the basis of domicile and residence – not citizenship.
 
  • Residence for tax purposes is established by demonstrating an intention to reside in Malta indefinitely and definitely on the basis of a day count of 183 days
 
  • An individual is considered to be a tax resident in Cyprus, if she/he resides in Cyprus for a period which in aggregate exceeds 183 days.
 
Permanent Living(Do you need to reside there)
 
 
 
  • No
 
  • No

For more information on Malta’s Individual Investor Program, please click here.

For more information on Cyprus’ Citizenship by Investment Program, please click here.

Fill out our Free Assessment to find out if you qualify for any of the immigration programs offered.
 
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Related Programs

Citizenship by Investment in Cyprus
Citizenship by Investment in Malta
Malta Residence and Visa Program (MRVP)

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