Malta is a great country to relocate to. Its immigration program for investment in the economy is rightly considered very intriguing. The country offers comfortable living conditions for entrepreneurs and simply wealthy people. According to Albert Loffe (Imin Malta), a specialist in Malta’s investment program, the Golden Visa from this state provides many pros – from ease of travel to a luxurious lifestyle and loyal taxation.
Reason 1: Attractive Residency and Citizenship Programs
The MPRP program helps wealthy families, not EU residents, obtain a residence permit in Malta. It gives the right not only to reside but also to enjoy most of the rights of the local population – employment, starting a business, etc. After five years, holders of the Golden Visa can count on Malta citizenship for themselves and their families. Citizenship extends for life and the next generations. Children, grandparents, parents, and husband/wife can apply. If there are already adult children, they must not be financially dependent on their parents. Also, adult children must not be married when obtaining the Golden Visa.
Reason 2: Favorable Climate and Lifestyle
Malta offers comfortable living conditions. The local culture is friendly towards foreigners. The state’s territory is full of interesting places with rich history and beautiful landscapes. Mediterranean life will be to the taste of absolutely everyone. Weather conditions here are more comfortable than in New York or Liverpool; winters are mild, and summers are moderately hot. Malta is characterized by political stability and the absence of large factories, which positively affect the environment. This is not a complete list of what to get a Maltese passport by naturalization, especially since it is extremely easy. Maltese citizenship allows one to get an official job, live freely, and study in most countries.
Reason 3: Robust Economic Stability and Growth
Malta ranks in the top 20 in Europe regarding cost of living. The country’s economy is booming and is considered one of the fastest-growing economies. A large number of ways for investment are available. The most popular option is buying/renting real estate. Such investments look reliable and allow one to have a stable income. Those wishing to get a Golden Visa can invest in hotels, apartments, and other objects that are worked on by companies with good reputations.
Reason 4: High Quality of Life and Healthcare Standards
Key Malta citizenship benefits include family benefits. The country is characterized by a virtual absence of crime. This is facilitated not only by the professional work of public order authorities but also by the generally high standard of living in the state. Obtaining a permanent residence permit with subsequent entry into Maltese citizenship gives the right to use the services of the continent’s best medical and educational institutions. Children are granted permanent resident status even when they turn 18. There is no need to resubmit any documents.
Reason 5: English as a Widely Spoken Language
Malta is a cosmopolitan country. It is characterized by a diverse ethnic composition and economic success. The official language is English, so for permanent immigration to Malta, it is unnecessary to undergo training or pass language exams. Most residents also speak excellent English. One can communicate freely in it in government agencies, supermarkets, etc.
Navigating the Immigration Process in Malta
There are two methods of obtaining a permanent residence permit in a given country, followed by citizenship. In both cases, the process is quite simple. The first method involves the purchase of real estate. If the investment is made in objects located on the island of Gozo or in the southern part of the country, the investment amount should be at least 300 thousand euros. For other regions, the minimum purchase is 350 thousand euros. It is also required to make a state contribution of 68 thousand euros and a donation to a non-governmental organization in the amount of 2 thousand euros. The property can be sold after 60 months.
The second option is to rent real estate. The main requirements in this case are as follows:
- the minimum rent per year for the southern regions and Gozo is 10 thousand euros, for other areas – 12 thousand euros;
- the state contribution is 98 thousand euros;
- donation to charity – at least 2 thousand euros.
After completing all of the above steps, contact the appropriate government agency to obtain approval for residency.
Insights from Expats and Immigrants
Non-European residents have long noted for themselves all Malta citizenship advantages. Obtaining a residence permit with subsequent citizenship opens access to all the benefits not only of Malta but also of all countries of the European Union – no restrictions for work and business. To avoid wasting time studying all the nuances of immigration programs, one should immediately seek advice from a specialized lawyer or an agency with appropriate accreditation. They will not only speed up the process but will also help one avoid many mistakes.
