Malta Permanent Residency or Citizenship
for International Investors
Malta Citizenship Program Ending? EU Court Rejects Malta's Citizenship
by Investment Program.
We wish to inform you of a landmark
ruling issued this week by the
Court of Justice of the European Union (CJEU) concerning Malta’s
Citizenship by Investment program, often referred to as a “golden
passport” plan.
The court ruled that Malta’s program
- through which individuals could
acquire Maltese (and thereby EU) citizenship by making qualifying
investments - is incompatible with EU law. According
to the court, this model amounts to a “commercialisation of the
status of national of a Member State”, which undermines the principles
of Union citizenship and sincere cooperation among EU Member States.
Key Takeaways:
• The CJEU has ordered Malta to terminate its "Malta Naturalisation for Exceptional Services by Direct Investment Regulations"
citizenship by investment program.
• The ruling emphasized that citizenship cannot be sold and must
reflect a genuine connection to the country.
• The EU Commission’s long-standing opposition was upheld, as the
court stated Malta failed to meet its obligations under the EU Treaties.
Malta’s Response:
The Government of Malta has issued a
public statement affirming
that it respects the court’s decision and is currently reviewing
the legal implications. Importantly, the government clarified that:
• All decisions taken under the current and previous legal framework
remain valid.
• A detailed review is underway to bring future procedures
in line with the ruling.
What This Means for You:
While the long-term future of the program remains uncertain, we
would like to share a few important observations:
• We expect that any applications already in progress may be grandfathered
in, as is typically the case when programs are revised or closed.
• We anticipate a sharp rise in last-minute applications from individuals
seeking to secure eligibility under the current rules.
• If you have been considering the Malta Citizenship by Investment
program and believe it is the right path for you, we strongly encourage
you to take immediate action.
Please
contact us today to initiate your file or to ask any questions
you may have.
As always, we appreciate the opportunity to be of service.
Your Zenturo Team
Because immigration by investment programs can change over time
please
contact us to speak with an advisor or to receive a preliminary
quotation. The information provided in this blog post is intended
for educational and informational purposes only. It should not be
construed as legal or financial advice.
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