Wealthy people are always thinking about the possibility of moving to a country with favorable conditions for the development of their business. The government’s Malta programs are among the possible projects that allow you to establish yourself in Europe. It is a tiny island in the Mediterranean Sea with a thriving economy and an optimal climate for life. The state opens its doors to every potential investor, offering interesting and favorable conditions for living and economic activity. If you are interested in such prospects, it is worth studying this issue in detail.
You should carefully consider the requirements of special schemes.
Maltese Residence Permit for Investors
The state provides ample opportunities for wealthy non-European citizens to exchange their finances for residency status. Such operations allow acquiring all the grounds to settle there firmly. The Malta residence permit program involves people who are on the applicant’s payroll.
To get the opportunity to live on the island, you will have to fulfill a number of necessary conditions:
- Rent. Applicants should rent housing for 8750–9600 euros per month. The amount depends on the region in question.
- Purchase of housing. The Maltese residence permit scheme includes €220,000 – €275,000 to finance the purchase of residential infrastructure.
- Payment of the state fee. It is usually 5,500–6,000 euros. The amount of the fee may vary from region to region.
- Health insurance. It is necessary for any relative.
- Payment of a minimum levy on profits. Recipients must pay 15,000 euros annually.
A different initiative is available. It is intended for people living in countries outside the EU. Foreigners with this status have the opportunity to study at prestigious universities in the country or receive high-class medical services. You need to take several actions:
- Secure investment in property. Rent a house for 10,000–12,000 euros or buy a home for 300,000 – 350,000 euros. The prices depend on the region.
- Pay an administration fee. The amount of tax will be 40,000 euros.
- Pay state fees. You must pay €28,000 – €58,000 for transactions.
- Take out insurance. A policy is required for all applicants.
- Make a charitable contribution. Donate €2,000 to one of the non-profit organizations.
- Provide financial documentation. The amount of capital must be at least 500,000 euros, and 150,000 euros of this must be financial assets.
A person who meets several important criteria is eligible to submit an application for status:
- 18 years of age;
- law-abiding;
- absence of visa refusals from states that have a visa-free agreement with Malta;
- provision of evidence proving honest earnings.
Applicants must also show a physical address registered in a particular region.
Maltese Residence Permit for Employment
Financiers, computer specialists and pharmacists are in demand in the country. Those seeking to work in immigration need to apply for a traditional work exit document or an EU Blue Card. The latter document can be obtained by specialists with high qualifications. The main rules include:
- the existence of a valid agreement with the employer;
- a document certifying minimum earnings;
- diplomas certifying specialization;
- medical insurance;
- visas;
The European Union Blue Card is granted for 12 months. This period can be extended if the contract with the company is still valid.
Maltese Residence Permit for Business
Economic development and tax benefits make the Mediterranean island an attractive destination for business people. However, applicants seeking a Maltese residence permit by investment and planning to open a company must meet certain provisions:
- The minimum assets of a public limited company must reach 46,588 euros. Individuals must pay 25% of this amount at the time of formalizing the company.
- The authorized capital of a private LLC is 1165 euros. A quarter of this amount must be paid by individuals when setting up the company.
Businessmen can expect favorable taxation in the long run.
Maltese Residence Permit for Family Reunification
Foreigners who live on the island can apply for a long-term residence permit for immediate family members. After 5 years of stay, the latter have the opportunity to formalize the civil status according to the legislation. This way, Malta RP provides people with everything to connect with their relatives and make them also worthy members of the society.
Maltese Residence Permit for Education
There is a special government initiative for students. This status is granted for a period of 1 year with the right to extend the period. The supervisory authorities require a letter of enrollment with all the necessary data. After receiving education, it is necessary to be concerned about your own employment to extend the period of residence. By the way, such an option is one of the most popular among those wishing to settle in this small, but very promising in terms of personal future of the state.
Conclusion
As a result, there are several ways to achieve residency on a tiny island nation in the Mediterranean Sea. Wealthy people can choose several residency programs to establish themselves in a territory with colorful landscapes and a decent standard of living. Each initiative has its own rules to fulfill. You can choose ways to get Maltese residency and become firmly established in the country.
