Malta is a Mediterranean island republic with a modest population. The country is a member of the European Union. The island is very safe and has some of the hottest temperatures in Europe. Malta’s countryside is equally beautiful. From stunning vistas atop medieval fortresses to rural lanes through garigue settings filled with local flora and fauna, the rustic scenery has it all.
Malta offers outstanding schools, healthcare, and an overall safe environment since it has one of the strongest economies, the lowest unemployment rates, and one of the best climates in the world. This makes it easy to tour the rest of the globe quickly and on a budget while living in Malta.
Malta gained independence from the United Kingdom in 1964 and became a republic in 1973. It is a democratic nation that adheres to the rule of law. Malta is a member of the Council of Europe, the Schengen Area of Europe, the European Union, the Eurozone, and the International Monetary Fund.
Malta has a well-developed infrastructure. Telecommunications, postal services, banks, hospitals, and health services, as well as all other key government services, are all efficient and of a high grade. Malta is located in the heart of Europe and is an attractive destination for frequent travelers. Malta has excellent flight links to other European countries; it is only a few hours away by plane!
Integration and communication are made simple by the English-speaking population. All official documents are written in English, as are commercial and business connections, and legislation are written in both English and Maltese. Private English-speaking schools provide a high-quality education, and the University of Malta is open to children of permanent residents. There are also There are a lot of private hospitals that provide excellent medical care. The World Health Organization has Malta placed 5th in the world for medical services and facilities.
The pace of life on the island is often slower and more relaxed than in the rest of Europe, especially in Gozo, and the island’s allure is impossible to resist. The rate of crime and drug usage is extremely low. Children can be raised safely, and locals provide general care and awareness to children and the elderly, particularly when foreign nationals are involved. Most foreigners who move to Malta are pleasantly surprised by the level of assistance and attention they receive from the locals.
Malta is known for having one of the lowest net effective tax rates in the EU. It provides both EU and non-EU investors with a diverse range of investment opportunities. With enticing incentives geared at international investors and entrepreneurs, the Maltese government has actively pushed to attract foreign capital.
Malta provides advantages to international individuals or corporations who establish businesses in Malta, such as reduced factory leases and low-interest financing. Malta’s workforce is English-speaking, highly motivated, and well-educated. One of the most compelling reasons for people to relocate to Malta is the country’s low-income tax. They pay a 15% tax on income transferred to Malta.
The Napoleonic Code, which is founded on ancient Roman law doctrines, provides the basis of Maltese civil law. As a result, Maltese law is quite similar to French and Italian law, notably in the older areas of civil law, such as property, contracts, and duties.
A great number of new laws have been adopted in the newer sectors of law, particularly in the environmental, financial, corporate, and fiscal legislative areas, over the last 10 years, and these tend to be borrowed from other nations (mainly Britain) and modified to Maltese conditions.
However, Malta has substantially drawn from the British criminal justice system. As a result, all trials (save for minor offences) are conducted by juries, and the entire system is based on British criminal law. Malta’s legal system combines continental, common, and indigenous traditions, such as the Code de Rohan. In 1784, a municipal code was enacted, which was later replaced in 1813. Over the years, Maltese law has developed to suit the rules of the period.
The fast-growing economy of the island nation is rated A+ by Fitch and A2 by Moody’s, providing limitless potential for investors. The Maltese program is an investment-based residency program that requires a net worth of EUR 500,000 to qualify. This procedure, which normally takes less than 6 months to complete and costs as little as EUR 110,000, provides visa-free entry to the Schengen Area as well as the ability to live in Malta eternally.
To be considered for the program, the applicant must meet the following requirements:
The application can be made via a Power of Attorney, in which the applicant entrusts us with submitting the application and supporting documents. A €10,000 non-refundable charge is due now, in addition to the total application fee. The Residency Malta Agency, the government agency in charge of applications, receives the application. Following thorough due diligence, successful candidates will be asked to fulfill the required investments before receiving a residency visa.
An avenue to citizenship by naturalisation is the Maltese Citizenship by Naturalisation for Exceptional Services via Direct Investment. Naturalization is awarded to high-net-worth people and families who can contribute to Malta’s economic development under the Maltese Citizenship Act. Following a 36-month (or, by exception, 12-month) residency period, this is feasible. Each Every application goes through a thorough due diligence procedure, which includes extensive background checks.
The program adheres to strong due diligence guidelines. Furthermore, the restrictions limit the number of successful applicants (families) to 400 per year, with a total quota of 1,500 for the entire program.
The application for Malta Citizenship by Naturalization for Exceptional Services by Direct Investment is thoroughly examined and reviewed, and it goes through a four-tier due diligence procedure. The following requirements must be met in order to qualify:
The Malta Citizenship by Naturalization for Exceptional Services through Direct Investment has totally superseded the previous Malta Individual Investor Program. After one or three years of resident status, investors can apply for Maltese citizenship.
Applications must be submitted on the prescribed forms and include the required fees and papers. You must be over the age of 18 and a non-EU citizen. Meet the qualifying investment conditions and keep the property investment for at least 5 years while maintaining a clean criminal record.
After 36 months of residence, if successful, a citizenship application will be filed to the Community Malta Agency (or 12 months by exception). Following the minister’s decision on whether the application is eligible for Maltese citizenship, the successful candidate must meet the exceptional investment, contribution, and property requirements.
Depending on whether you wish to invest in or rent a Malta property, you have two investment possibilities. The advantages are the same regardless of which choice you choose- and they last a lifetime.
Real estate holding time: Five years minimum
The minimum real estate investment: EUR 700,000
Ownership frame: sole proprietorship
Possibility of rental income: 4 per cent
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