There are numerous reasons and ways to immigrate to Malta. Whether you are fascinated by the pleasant climate and rich history or favorable taxation and abilities to expand business, there is more than one legal opportunity to move to the island and enjoy staying and working on it.
This small state is a magnet for tourists and it succeeds in using its uniqueness to strengthen the economy and create favorable conditions for various businesses. So-called Golden Visas programs are common here and authorities modernize them from time to time to attract more participants.
The Malta Permanent Residence Programme (MPRP)
Malta citizenship by naturalisation is offered to any investor who is ready to make a huge donation to the local economy. This is also the way toward the state’s passport. If you consider business immigration to Malta as an entrepreneur, there is another program with a lower threshold.
As explained by Zlata Erlach, an expert in Immigrant Invest, one can get the status of a permanent resident on the following conditions:
- buy local property for at least 300,000 euros or rent it for a minimum of 10,000 euros per year;Â
- contribute to the state 68,000 euros if you’ve bought the property or 98,000 euros if you rent it;
- donate an additional 2,000 euros to a local NGO.
In this case, you do not need to pass language tests or perform any other actions to get residency. Moreover, the applicant may include relatives paying an additional fee for each person. Thus, it’s more than business.
The Malta permanent residence programme is the straightforward way and also relatively quick, as one does not need to stay on the island for several years to get this document. The application is considered from 4 to 6 months and there is no need to visit the island before its approval, as well as make any donations.
At first, only basic fees are paid. Only in case of the successful application, does the investor proceed with chosen donations, come for biometrics, etc. Therefore, the state provides safe and comfortable conditions from the very beginning of such cooperation.
The Malta Citizenship by Investment Program
Those who would like to become a citizen and enjoy all the benefits of this thriving state may consider the next proposals:
- contribute 600,000 euros to the local economy after 36 months of residency;
- donate 750,000 euros after the first year of residency.Â
If the applicant wishes to add dependent persons, the fee is 50,000 euros per person. In addition, the program includes donations to a local NGO of 10,000 euros, as well as rental agreements or property purchases.
This option was introduced in 2020 and is similar to Malta residency by investment but provides the fastest approach toward citizenship.
The applicants should be full of age, with transparent sources of income, good health, and a clean criminal record. They provide a set of basic documents and wait for a few months for their consideration. Usually, the process does not take long and proceeds hassle-free within half a year.
Benefits of Living in Malta
According to immigrantinvest.com, this state is a popular destination among investors and businessmen for the following reasons:
- a few programs and various conditions for those who wish to become a resident or a citizen;
- quick consideration of the requests and clear rules that are easy to comply with;
- a possibility of self-employment and launching new companies that grow easily due to the great number of tourists;
- an ability to include more than one person and participate in the initiative together with relatives;
- favorable tax system that is applicable to participants of Golden Visa programs;
- multilingual community with a high percentage of English-speaking population, which makes it easy to communicate and feel free;
- access to the majority of European countries without a need to get visas and special permissions;
- availability of different modes of transport, so one can quickly travel by sea and air to any destination.
The state boasts a stable economy and constant growth. Moreover, the local authorities created many funds that help entrepreneurs and support their initiatives. The environment is really friendly and there are no borders for those who wish to develop and create high-quality products.
Those applicants who look for programs that may involve the whole family are also satisfied with these options. Local education and healthcare guarantee the well-being of the relatives and the chances for them to develop and live a full life. If taking into account a pleasant climate, warm sea, and mouthwatering cuisine, this sounds like a miracle.
Conclusion
To conclude, the local authorities succeeded in finding the balance between the amount of investment and the conditions provided for the applicants. Here, one can feel secure and benefit from robust chances of expanding business while enjoying the lifestyle and overall quality of living on this unique island.
Therefore, consider Malta if you are interested in European opportunities and access to this region and its business horizons.
