Why ByteDance Founder Zhang Yiming Chose Malta CBI - EU’s Most Exclusive Investment Route

Zhang Yiming, the founder of ByteDance which is one of the world’s most influential technology companies has been known worldwide due to his immense wealth with an estimated net worth of $92.8 billion. As per reports he has acquired Malta citizenship through its naturalisation route. Here an interesting question arises: why would a wealthy man like him seek second citizenship?

The answer is not only about lifestyle but also how EU citizenship has become a strategic asset for global entrepreneurs and businessmen. It offers multiple benefits to individuals such as mobility, stability, and long-term planning opportunities. Malta, a beautiful island country has become an attractive destination for people seeking best investment migration programs in Europe. This article will further explain why.

Zhang Yiming - At a Glance

Zhang Yiming - Why the World's Wealthiest Tech Founder Sought EU Citizenship

Citizenship has become more than just a passport for global entrepreneurs and businessmen. These professionals have to run their business operations in multiple countries but face problems in terms of:

• Global mobility

• Economic uncertainty

• Travel restrictions

• Business expansion

• Political instability

Especially for Chinese citizens, international travel can require additional visa requirements or restrictions compared to other countries. Getting EU citizenship provides these business owners with a sense of relief. They can access EU business markets, manage investments, and international business operations smoothly. 

Malta is globally recognized for being a stable country. For entrepreneurs seeking broader wealth preservation and international mobility strategies, Malta is the best ultimate destination you can opt for in terms of citizenship or residency. 

What is Malta Exceptional Investor Naturalisation (MEIN) Program and Has it Changed?

Program Overview

The Malta Exceptional Investor Naturalisation (MEIN) program was one of the most selective citizenship programs globally. The program included strict process and required a residency period to be fulfilled, than the successful applicant would get:

• Malta citizenship

• A Maltese passport

• Rights associated with European citizenship

• Access to live, work, and study across the European Union. 

Malta MEIN Framework Replaced by Citizenship-By-Merit Program

The former Malta citizenship by direct investment program is no longer active. It was suspended in 2025 and was replaced by a more selective citizenship by merit program. The fixed contributions of €600,000+ contribution was excluded and the new program focused more on exceptional merit rather than money. 

Due Diligence Process 

Malta conducts a strict due diligence process which is well known in the investment migration industry. The process includes background checks and source of funds. This

protects the integrity of the program and also builds international trust and confidence. 

Malta Citizenship Benefits 

The benefits of Malta citizenship include:

• Full citizenship rights

• Visa-free travel to multiple key destinations

• Access to European education systems

• The ability to live and work across EU member states

• Long-term security and stability for future generations

For those individuals who just want permanent residency in Malta rather than citizenship can also apply for its Malta permanent residence program (MPRP).

What is the Malta Permanent Residence Program (MPRP)?

Program Overview

The Malta permanent residence program allows the qualifying non-EU nationals to live and work in Malta for lifetime. The program grants individuals the permanent residency rights without requiring them to physically live in the country. They can access European business markets and enjoy visa-free travel to the EU Schengen zone consisting of 29 member states.

Major Benefits of Malta Permanent Residency Scheme

The permanent residents of Malta can benefit from:

• Lifelong residency rights in Malta

• Visa-free travel to Schengen Zone

• Global connectivity as it is accessible with just 2 to 4 hours flight from the Africa and Gulf region.

• Family inclusion

• Business expansion opportunity in Europe.

• Pathway to Maltese citizenship

Why Malta Is the World's Most Prestigious Citizenship by Investment Program

The Passport's Power

Malta offers a very strong passport that usually ranks among the top most powerful passports in the world. It allows its passport holders to travel visa-free or visa-on-arrival to more than 150 countries. It provides them with travel freedom and global mobility which is crucial for successful business owners in today’s world. 

 Malta vs. Other European Citizenship & Residency Programs

How to Apply for Malta Citizenship by Investment

Step 1 - Eligibility Pre-Assessment

Applicants undergo an interview at the start to determine whether they are fit for this program.

Step 2 - Appoint a Licensed Maltese Agent 

The applications are submitted through licensed professionals.

Step 3 - Submit Preliminary Due Diligence 

Background information and financial documentation are reviewed.

Step 4 - Establish Maltese Residency 

Applicants must need to become Maltese residents first.

Step 5 - Complete Residency Period

The required residency period must be fulfilled before citizenship for eligibility. 

Step 6 - Submit Full Application 

The complete application is submitted containing all documents required.

Step 7 - Receive Letter of Approval in Principle

The successful applicants receive conditional approval.

Step 8 - Make Government Contribution & Charitable Donation 

Required financial commitments are completed.

Step 9 - Take Oath of Allegiance 

After the final approval, applicants take the oath and receive citizenship of Malta.

Frequently Asked Questions - Malta Citizenship

Q: What is Zhang Yiming's net worth? 

Zhang Yimming’s estimated net worth is $92.8 billion, making him one of the richest technology entrepreneurs in the world.

Q: Why did Zhang Yiming get Malta citizenship? 

While his personal reasons are private, many global entrepreneurs pursue second citizenship to improve mobility and gain access to international opportunities.

Q: Is Malta Citizenship by Investment Still Available?

The former direct Malta citizenship by investment program was suspended in 2025 and was replaced by the citizenship-by-merit framework. This route depends on merit, exceptional contribution, and due diligence. 

Q: Is Maltese Passport Powerful?

Yes, the Maltese passport is recognized worldwide as one of the strongest because it offers a high mobility score and grants full citizenship rights. 

Q: Can Malta MPRP holders visit Schengen without a visa?

Yes, the Maltese permanent residents can enjoy visa-free access to the EU schengen area.

Conclusion

The story of Zhang Yiming highlights that global entrepreneurs today hold multiple citizenships to enhance their investment portfolio, expand their business, and to improve their travel mobility. 

Malta citizenship offers full EU citizenship rights to individuals, visa-free access to multiple destinations, stability, and long-term business opportunities. This makes it one of the most prestigious citizenship programs globally.