Malta is targeting high-net-worth individuals with its Individual Investor Program. Individuals who make a minimum contribution of €650,000 to the national development fund set up by the government. Some €150,000 of that needs to be invested in government approved financial instruments. In terms of property and real estate, the minimum investment must be €350,000. Family member also need to contribute €25,000 each to the development fund of each. The benefits after one years’ residency are citizenship and a Maltese passport. This will provide European citizenship and the ability to live, work and study anywhere within the European Union.