Citizenship for Investment programs are available in many countries. However, they are mainly located in the Caribbean countries. Malta offers almost the best conditions among EU countries. It is an island with a beautiful climate and excellent conditions for doing business. Having obtained local documents, you can take a fundamentally new look at traveling and staying in the Schengen zone.
The specialist of Immigrant Invest, Zlata Erlach, notes that it takes up to six months to obtain permanent residence in Malta. The period is short, and the smoothness of the procedure and potential benefits make the execution of local documents a rational idea. The online application option saves time. Nowadays, you don’t even have to travel or fly to apply. Contact the experts ready to take care of the application process for you.
Overview of Malta Permanent Residency Program
The Malta pr program has been running for almost the longest time in Europe. Therefore, it is well-established and balanced. Potential applicants are subject to the following requirements:
- Age. Only an adult user can make an application. However, you are allowed to add your relatives (including children). You will need to pay extra for them.
- Absence of sanctions or a criminal record. It is necessary to provide a document that confirms this fact.
- Legal income. It is required to confirm the availability of the necessary amount in the bank account. The current Maltese permanent residence by investment program implies that you must buy the island’s real estate. Its value should be from 300000 euros. The figure may vary depending on the region of the country. It is also necessary to pay an administrative fee and make a small donation. It will allow you to get a local passport in the future. It is very appreciated. Next, let’s focus on its main advantages.
Reason 1: Access to the European Union
Malta provides the best deals on documents from European countries. You can freely stay in the Schengen zone and move around the Old World without constantly applying for a visa.
The most important thing is that you can legally live in the EU. It distinguishes this program from what is offered by various island countries. Yes, the application cost is higher, but the quality of life and level of security are also much better.
Reason 2: Fast Obtaining Process
It usually takes several years to finalize all the paperwork, especially regarding permanent residency. However, the conditions on the island are pretty different. You can get permanent residency in Malta in just six months. It is much faster than in other countries. In addition, it is now more and more often possible to process documents online. It will save a lot of time.
Reason 3: Visa-free Travel and Global Mobility
One of the main advantage is the opportunity to travel without borders. Feel it with your own experience. There is no need to apply for visas or other authorization documents. Traveling without additional paperwork is now a reality. Discover more than 100 countries in different parts of the world. With this nation’s documents, you will experience what global mobility is all about.Reason 4: Favorable Tax Regime
Malta is not only a vacation destination. The island offers favorable conditions for doing business. One main benefit of relocating is considered a well-thought-out tax system. If you have income abroad, living in Malta and not paying for it is pretty realistic. It is a unique benefit for owners of property on the island. You pay taxes only on the income that you receive directly in Malta.
Reason 5: High Quality of Life
Poor countries often offer paperwork. Malta is definitely not one of them. High living standards, quality service, and a well-developed healthcare system exist. The island has a beautiful climate, which you can enjoy almost all year round. Other advantages include:
● amazing service;
● developed infrastructure;
● opportunities for doing business in various spheres.
All this makes moving here a rational decision. You will be able to enjoy a comfortable and safe life.
Long-term Benefits
All of the presented pros are relevant in the long term as well. In addition, by making a real estate purchase, you open access to documents for yourself and your children. They will be eligible to be full citizens of the EU, which entails many advantages: access to quality education, travel freely to hundreds of countries, first-class medicine, a high standard of living, and safety for everyone.
The formalization of all the paperwork is now fast. It means that you will be able to buy real estate in any of the areas of the island very soon. It is only necessary to remember that the cost varies depending on the investor’s chosen region.
