In the middle of the Mediterranean, Malta is a world of its own. Many miles from Italy’s Sardinia, the island of Malta has a large tourism economy, is home to fantastic sailing conditions, and perfect beaches. If this all sounds good to you, maybe you should t giving Malta’s residency by investment program a chance.
A bit about Malta
The official language of Malta is Maltese, originally a dialect of Arabic. However, nearly all the population speaks English as well, and it’s the second official language of the island behind Maltese.
Therefore, if you’re currently living in an English-speaking nation, Malta should be put on your radar. Additionally, Malta has a very cheap cost of living for expats, making the island
nation popular around the world for freelancers and digital nomads alike. So, if you’re looking for a place filled with history, a welcoming culture, and perfect beaches, Malta is made for you.
One of the best ways to gain citizenship to Malta is via their residency by investment program.
The process is simple, although it’s not very cheap. But, if you’re willing to pay the fees
necessary for citizenship, Malta could be your next home.
Before introducing you to all the information related to Malta, if you are considering options for citizenship by investment,contact us!. Our specialized team can help you with all your concerns. Click here.
For the process, here’s what you’ll need to:
- Be at least 18 years of age
- Have at least €500.000 of income
In addition, you’ll need to complete the following requirements:
- Purchase a real estate property with a minimum price of €350.000 OR a rental property of €12.000 per year
- Complete payment of €28.000 to the Maltese economy in the case that you own a property
- If you own a rental, the payment is €54.000
- Complete payment to the Maltese government of €40.000
- Give a donation of at least €2.000 to a Maltese non-profit organization
The residency by investment process of Malta is expensive due to a wide variety of factors, with two main factors being the lack of space on the island and the need for shipping materials to the island from Europe, Africa, etc.
If you have completed these requirements, expect to wait around 3-6 months to hear back from the Malta Permanent Residence Program which will look over your application, perform background checks, and make sure you’re a great fit for the island. After this verification process takes place, you can then possess the Maltese Residency Certification, which is kind of like a passport for expats.
Now that we’ve talked about the process of obtaining your residency in Malta, let’s talk a bit about the benefits of living in Malta via the residency by investment program. Some benefits include:
- European Union residency
- Ability to travel freely in the European Union
- Ability to give family members Maltese residency
- Ability to live in Malta indefinitely
- The culture, history, and Maltese lifestyle
If you’re still interested in wanting more information about Malta, we’d love to hear from you!.
So, if you are interested in finding out more about Malta, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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