VALLETTA, Malta, Aug. 1, 2024
/CNW/ -- Malta, a sunny country
with a Mediterranean climate, has become an attractive destination
for foreign investors. Non-EU investors can obtain Malta citizenship or residency, which can be
temporary or permanent. Each option involves a real estate
investment, either through renting or purchasing property.
Benefits of Malta residency
and citizenship
Maltese residents enjoy the following benefits:
- living in Malta with families
— spouses, children, and parents;
- visa-free travel to the Schengen countries;
- opportunity to work and run business in Malta;
- safe haven — residents can come to Malta even when the borders are closed.
Citizens of Malta in
addition get visa-free access to 169 countries, including the
USA, the UK, Japan, Singapore and Hong
Kong. They can reside, work, study and receive medical care
in any EU country.
Requirements for applicants
Malta temporary
residency is issued for 1 year with the possibility of
extension. It is suitable for those who want to optimise taxes and
are ready to either move to Malta
or spend no more than 183 days in any other country.
The expenses are:
- €34,150+ — if renting real estate;
- €270,200+ — if purchasing.
Temporary residents benefit from a special tax regime. It offers
no inheritance tax, a 15% tax on income earned abroad and remitted
to Malta, and 0% tax on global
income not transferred to Malta.
Malta permanent
residency is granted for life. That's an appropriate option for
individuals and families looking for obtaining termless residency
in the EU without relocation.
The expenses are:
- €150,000+ — if renting real estate;
- €370,000+ — if purchasing.
The main applicant also must have €500,000 in available assets,
including at least €150,000 of liquid financial assets, such as
deposits, stocks or bonds.
Malta citizenship is a
suitable choice for those seeking the full rights of EU citizens.
To obtain this status, investors must make a contribution to the
National Development and Social Fund. First, an investor receives a
residence permit for 1 or 3 years, depending on the amount of their
contribution — €600,000 or €750,000. Afterward, they become
eligible for citizenship.
The expenses are:
- €690,000+ — if renting property;
- €1,310,000+ — if purchasing.
Immigrant Invest holds the licence to represent the
interests of investors wishing to apply for Maltese citizenship or
residency. Its experts help choose the appropriate option and
accompany investors throughout the entire process of obtaining the
status.
Logo -
https://mma.prnewswire.com/media/2333149/Immigrant_Invest_Logo.jpg
Contact:
Igor Buglo
8/2, Portomaso Business Tower, 1 Church Street
St Julian's, STJ 4011
Malta
+356 2033 0178
View original content to download
multimedia:https://www.prnewswire.com/news-releases/immigrant-invest-choose-between-malta-citizenship-permanent-residency-and-residence-permit-302212581.html
SOURCE Immigrant Invest