Malta, located in the Mediterranean Sea, has a great reputation for its beautiful environment, nice people, low crime rate, and high quality of life. Malta is a beautiful area to live or purchase a second home, with excellent air connections.
Benefits of Maltese residence by investment
• Right to remain indefinitely in Malta
· Only a five-year investment is necessary
· No residency requirement
• Family members are included
Requirements of the Malta Permanent Residence Program
To qualify, the main applicant must be at least 18 years old and produce an affidavit stating that they have in their possession capital of at least EUR 500,000 as of the date of the application (EUR 150,000 of which should be in financial assets). To be considered for the program, you must meet the following requirements:
A EUR 350,000 house purchase (EUR 300,000 in South Malta or Gozo) or a EUR 12,000 per year property lease (EUR 10,000 in South Malta or Gozo)
If the residential property is acquired, a contribution of EUR 28,000 will be made to the Maltese economy; if the property is leased, a contribution of EUR 58,000 will be made.
A EUR 2,000 donation to a non-governmental organization
Procedures and time frame of residence by investment in Malta
The Malta Permanent Residence Program’s application requirements and procedures are reasonable and clear. The Residency Malta Agency, the government agency in charge of applications, receives the application. Successful applicants will be asked to complete the qualifying investments after passing severe due diligence tests, and will then be granted a residency permit. Successful candidates will receive a Maltese resident certificate, which serves as a permit, from the Residency Malta Agency.