Malta’s Golden Visa – Introduction
Malta, renowned for its strategic Mediterranean location and stable political environment, offers an attractive residence option through the Malta Permanent Residence Programme.
This program allows non-Maltese individuals to acquire a permanent European residence permit, providing a path to living in an EU country and enjoying visa-free travel within Europe’s Schengen Area.
Advantages of the Maltese Residence by Investment
The Malta Permanent Residence Programme comes with several significant benefits:
- European Residency: Secure permanent residency in an EU country with the right to reside indefinitely in Malta.
- Visa-Free Travel: Enjoy visa-free access throughout Europe’s Schengen Area for up to 90 days within any 180-day period.
- Investment Requirement for Limited Duration: An investment is only required for the first five years of residence.
- No Minimum Physical Presence Required: Reside as little or as much as you like in Malta without jeopardizing your status.
- Family Inclusion: Immediate family members can also be included under the main applicant’s program.
Requirements for the Malta Permanent Residence Programme
Applicants must meet specific requirements to be eligible for this program:
- Age and Financial Requirement: The main applicant must be at least 18 years old and possess capital of no less than EUR 500,000, with at least EUR 150,000 in financial assets.
- Real Estate Investment: Purchase a property for at least EUR 350,000 or lease for a minimum of EUR 12,000 per annum, with reduced rates in South Malta or Gozo.
- Economic Contribution: Make a contribution of EUR 28,000 if purchasing property, or EUR 58,000 if leasing.
- Charitable Donation: Donate at least EUR 2,000 to a non-governmental organization.
- Administration Fee: Pay a non-refundable administration fee of EUR 40,000.
Application Process and Timeline
The application process for the Malta Permanent Residence Programme is managed by the Residency Malta Agency. The procedure involves:
- Submission of Application: Applications are thoroughly vetted through stringent due diligence checks.
- Investment Fulfillment: Upon successful application, candidates must complete the required investments.
- Residence Permit Issuance: Successful applicants will receive a Maltese residence certificate, which serves as their residence permit.
The process is designed to be straightforward and efficient, ensuring that qualified applicants can start their new life in Malta with minimal hassle.
Malta’s Golden Visa – Conclusion
The Malta Permanent Residence Programme offers a unique opportunity for non-EU nationals to gain a foothold in Europe.
With its comprehensive benefits, including the ability to live indefinitely in Malta and travel visa-free across the Schengen Area, coupled with a manageable investment requirement, this program stands out as an appealing option for those seeking to invest in a stable, culturally rich, and strategically located European country.
Final thoughts
If you have any queries about this article on Malta’s Golden Visa, or any Maltese tax matters, then please get in touch.