Malta Permanent Residency

by XIPHIAS IMMIGRATION migration executive

Malta is one of the most beautiful islands in the Mediterranean Sea. It is one of the smallest island nations in the world although it is also the 8^th most densely populated islands. The island invites many tourists every year. The country invites foreign direct investment into the country in exchange for the permanent residency there. It is one of the many countries which allow residency for foreign citizens which could eventually lead to citizenship in the country.

Malta has a stable economy and government. The island has a stable climate all through the year. The country is good for private residency. Malta over all is a relaxing country and the life style in Malta is also pretty laid back allowing its residents and citizens to take things at a slower pace.

Malta introduced its Malta Residency and Visa program to allow direct foreign investments into the country’s real estate. Such an investor will obtain European Union residency Card with which the investor gets to travel to other places in Europe Visa free. Such a card can be truly valuable for those who intend to study in Europe or expand their business there or would want to work in Europe or visit places there.

To be eligible for this program, the investor will need to –

i. Invest a minimum of Euro 250,000 in the Government bonds of Malta

ii. Make a non-refundable contribution of Euro 30,000

iii. Purchase a property in Malta worth Rs. 320,000 and more or lease a property for Euro 12,000 per annum. The value of the property could vary if the investor decides to invest in South Malta or Gozo.

iv. The applicant should have a personal net worth of Euro 500,000. They need to prove the same.

This program is more or less on the same lines as that of Cyprus Permanent Residency Program. With this visa in hand, the investor gets to live in Malta indefinitely. He or she can make Malta their home. The visa is granted for a period of 5 years and is renewable further. It requires that the investor maintains the investment for a stipulated period of time. Eventually, this program can lead to the applicant being eligible for citizenship of the country. The investor can dispose the investment as would be needed post 5 years of maintaining the same.

This program allows the immediate family of the main applicant to join them in obtaining the residency of the country. However, the program does not require the successful immigrant to live in Malta at any given point of time. They can maintain their residency without having to visit the country, unlike the Portugal Golden visa Program.

The program is pretty straight forward and the application processing is simple. It requires you to submit the right documents. The applicant will be submitting their application along with a non-refundable deposit of Euro 5,500. The whole of the process would take a period of 3 to 6 months to complete at the end of which you would receive permanent residency of the country. The compliance of the program comes into picture only after the Maltese Immigration authorities have done a background check of the applicant.

Investment immigration is a big deal involving a good amount of money. It requires that the investor takes every step diligently. It is necessary that they approach the right international investment immigration expert to understand the process and proceed who could guide the investors in the manner required by providing them the right advice and the right kind of network to expand and invest. Tiny things when handled in the right manner can lead us to our goals in easiest manner possible.