Malta is popular as a residence option for many investors, families and businessmen. The country's economic environment meets the needs of the global market. With its excellent location, high-quality facilities and stable political climate, it is the perfect center for foreign investment. The country attracts businessmen and investors by providing flexible investment options for Malta Permanent Residence Program (MRPR). The program promises that it takes four to six months to process from submitting a complete and correct application. Therefore, after understanding this policy, many overseas people quickly submitted their applications and obtained their identities in one step. Then in 2022, is the Malta immigration policy good?
Before we have a deeper understanding of whether the Malta immigration policy is good, we should first determine what the golden visa is. A golden visa is a program that allows foreigners to obtain residence, and sometimes citizenship, through government-approved investments. These investments can be real estate, corporate, bonds and other government projects. These visas are perfect for retirees and the rich who want to diversify their assets and residency .
In addition to obtaining permanent residence in Malta, the Malta Golden Visa also provides more benefits to visa holders and their families.
While holding a permanent residence permit through the Malta Golden Visa Program, applicants can go to 26 Schengen District countries without visa. This means that you do not need to apply for a separate visa to cross the border and enter other countries in this Agreement. However, the 90 out of 180 days rule still applies to Malta Golden Visa holders.
Although the investment and naturalization plan is no longer implemented, MPRP can still allow you to embark on the road to naturalization. With the Malta Golden Visa, you can apply for Malta citizenship through naturalization after living in Malta for five years. To be cited, you must meet specific application requirements.
One of the unique features of the Malta Golden Visa is that it allows family reunion for up to four generations. This means that grandparents, parents, spouses and children of Malta Golden Visa applicants can benefit from the visa. However, these family members must sign an affidavit proof that they are dependent on the visa applicant. Applicants can also add family members after their visa is approved. Through family reunion, families can obtain permanent residence status in Malta through the main applicant.
Unlike other golden visa programs, Malta does not require applicants to stay in the country for a period of time. From a policy perspective, applicants only need to visit Malta once to complete their biometric appointment and obtain a residence card. In addition, applicants can obtain permanent residence but never actually reside in Malta. However, if the applicant plans to apply for citizenship through naturalization, there is a residence requirement.
Malta has one of the most preferential tax rate systems in Europe. For this reason, many wealthy people choose to disperse their assets in Malta. One of the main benefits of obtaining a Malta Golden Visa by investing in properties is the absence of an annual property tax.
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