Malta

Malta is abounding in cultural links and historical wealth with a strong geographical location, European identity and time zone plus a great Mediterranean climate. Provided that these should not be enough reason to obtain a Maltese residency many investors look at Malta for associated tax advantages and enticing permanent residence schemes provided by Malta.

Successful residency applicants do not need to stay indefinite or stay for prolonged periods to retain their resident status. They can come and go as they please. In 2015 the Malta government issued an updated Residence and Visa program for non-EU citizens

The residency by investment program for Malta is for economically self-sufficient individuals and their dependent which include a spouse. The temporary residence permit allows an applicant with dependents to reside between one and five years.

Taking part in the Global Residence Program is a sure way to get a quicker approval for residence with an at least 220, 000 euros real estate investment. After this period applicants qualify for permanent residence during which they are monitored annually for five years.

THE CRITERIA TO OBTAIN A MALTESE RESIDENT VISA AFTER QUALIFYING ITS TERMS TO INCLUDE:

Paying a 5, 500-euro non-refundable administration fee
After approval pay an additional 30, 000 euros
Rent or own Malta property at the value of 320, 000 euros in Malta, or the south of Malta own property of 270, 000 euros.
Property rental must be at least 9, 600 per annum.
Potential applicants coming from non-Eu countries must live ongoingly for five years inside of Malta before they can consider applying. During that period the applicant cannot be away from Malta for longer than six months. Before permanent residency is permitted non-Eu, citizens are permitted a temporary residence after approval.

THE CRITERIA TO OBTAIN A MALTESE RESIDENT VISA AFTER QUALIFYING ITS TERMS TO INCLUDE:

Very low tax rates
Exemption from VAT and Customs Duty
Freedom of movement without a visa
Import cars
Freedom to rent out properties in Malta
Import of household possessions
Double taxation relief
No death or inheritance transfer tax
Good education and healthcare

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