Do you like living in the sun? Have you ever wondered if you could live in a sunny country as a citizen where you have a relaxed lifestyle and excellent business and educational opportunities?
A Maltese citizenship is your answer.
Malta is a country situated in the middle of the Mediterranean. It has a buzzing lifestyle with a population of nearly 535,000. It is an island where tourists from all over the world visit every year, especially the ones who love the sea.
Now, coming to its citizenship, you can actually be a resident or a citizen of this island country and live in abundance for the rest of your life.
Of course, there are some rules to follow. And there are some strict procedures in place. But, if you take the help of some reputable investment migration agencies, such as Global Residence Index, they can take care of the nuances and complexities of getting a Maltese citizenship for you. And you don’t have to take much of this burden.
And did we tell you that Malta is the only European country offering citizenship to foreigners?
So, what are the perks of investing in the citizenship of this country of sunshine?
Come, let’s find out!
The Benefits of Getting a Maltese Citizenship
Malta has a perfect location on the map, attracting investors from both the East and West. The following are some intriguing reasons you should choose Malta as your new country of residence.
· Lifestyle
The people of Malta are cool and friendly. They follow a relaxed lifestyle and come forward if you need any help. One of the best things about living in Malta is that they have one of the lowest crime rates in the entire world.
· Language
Language is not a barrier in Malta. Yes, Maltese is the national language of this island country, but most locals can speak both Maltese and English with the same fluency. This can be a benefit of getting Maltese citizenship if you are from a country where English is the main language of communication.
· Low Tax
If tax is something you are worried about, then know that getting citizenship in Malta can reduce your taxes to a great extent. They have foreigner-friendly regulations and a stable regulatory framework. You can take advantage of running an EU business by paying just a small amount of tax.
· Excellent Healthcare
Our health is something we all want to take care of. And Malta is a country where you can access excellent healthcare services once you have your resident card and your Social Security Number. Compared to other countries in Europe, dental care in Malta is relatively cheap.
Malta Citizenship: All Your Questions Answered
The citizenship of Malta is a hot favorite among investors who want to have a diverse business portfolio.
But the process of getting into citizenship by investment program can get complicated at times. To help you with that, we have answered the most frequently asked questions about Maltese citizenship by investing here.
Also, you can have a look at this Global Residence Index page to learn more about Malta citizenship: Globalresidenceindex.com/malta-citizenship-by-investment/
How Can We Qualify for Citizenship in Malta?
The following are the ways you can get hold of a Maltese passport:
· If you want to get a passport after one year, you have to make a contribution to the National Development and Social Fund. The amount will be €750,000. Also, if you want to add dependents, it will be €50,000 per dependent.
Along with this, you have to pay at least €10,000 as a philanthropic contribution. This is how you qualify for Maltese citizenship by investment through exceptional services.
· If you want to get a passport after three years, you have to make a contribution to the National Development and Social Fund. The amount will be €600,000. Also, if you want to add dependents, it will be €50,000 per dependent. Along with this, you have to pay at least €10,000 as a philanthropic contribution.
· Furthermore, you need to buy a property worth at least €700,000. Or you can opt for a property rental contract. The amount has to be at least €16,000. In both these cases, the contract has to be for at least five years.
2. Are The Processing Periods of Applications Extremely Long?
Malta's permanent residency program includes a four-tier due diligence process. This can take about four to six months to get approved.
A successful CES application to obtain Maltese citizenship by naturalization follows a rigorous due diligence procedure. It can take somewhere from one to three years, depending on how much you contribute to the Maltese economy.
3. Is Maltese Passport Very Strong?
Malta's passport is one of the top ten strongest passports in the world. Did you know that you could travel to 185 countries in the world visa-free with this passport? This includes Europe, Canada, the UK, and the US.
4. Do I Have to Move and Stay in Malta Permanently to Keep My Residence Permit?
You should have a genuine link to Malta. This means you have to stay in this country for one to two weeks every year. Apart from this, you need to have club or association memberships and a local bank account. Also, you need to support charity projects and rent a yacht or car from time to time.
5. Are the Maltese Passport for Investors and the Maltese Passport for Local Residents Different?
No. The Maltese passport that you get after investing in the economy of Malta and the passport for local Maltese people are the same.
Final Thoughts
If you want to invest in a growing international market, Malta is an excellent place to do so. It comes with so many other perks not only for you but also for your family. You will become EU citizens and have the right to study, work, and love in any EU country of your choice.
So, are you ready to become a citizen of Malta?
Let us know in the comments!
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