XIPHIAS IMMIGRATION
Invest in Malta to obtain either residency or citizenship of the country
INTRODUCTION The island is densely populated. The island is only 316 square kilometers long and has 2 land forms attached. One is mainland Malta and the other is Gozo. It is located in the Mediterranean sea. The island is world-famous for its history and heritage. As a mark of the same, the island country has 10 buildings declared as world heritage places by UNESCO. The country still has many people dependent on the local art and craft which is believed to have been in practice for centuries together. However, Malta to expand their economy invites foreign direct investment into the country through 2 different pathways under Malta Investment Immigration Program.
Malta is part of the European Union and hence the country’s currency is Euro. Malta has huge industries as well as service sectors. It is famous for the number tourists who visit the place on a regular basis. Since it is located in the Mediterranean sea, it easily connects the rest of Europe, Africa and Asian countries. Many movies have been shot in the country. The country has good infrastructure and has good labour force.Malta grants residency or citizenship in exchange for the investment one makes in the country. Malta’s earlier citizenship program was extremely successful and hence they returned with another citizenship program in the December of 2020. Malta investment immigration program is one of its kind in the whole of the European Investment Immigration program. Malta has planned to attract many more investors inexchange for the investment made in the country.
MALTA RESIDENCY PROGRAM – Malta Permanent Residency program was started in the year 2015. The Government of Malta initiated this program with an intention to attract most valuable foreign investments in to the country. For this they started Government bonds. The investor will have to invest in the Government bonds, along with making a non-refundable contribution to the Government. Along with this the investor will be purchasing real estate or renting a property.
INVESTMENT VALUE – i. Government bond – Euro 250,000 ii. Non-refundable government fee – Euro 30,000 iii. Investment real estate – Euro 320,000 if investing in the mainland Malta orIf investing in the South Malta or in Gozo, you will be making an investment of Euro 250,000.
You as an investor can apply for the program along with your immediate family which includes your spouse or legal partner and your dependent children. They could be adults below the age of 29 years and should be unmarried at the time of applying for the citizenship. However, you will be paying additional fees for every additional member. Malta government has come up with newer regulation during the current pandemic period. They are offering a package of Euro 120,000 which includes purchase of Government bonds, nonrefundable contribution to the Government and legal fees for a family of 4 which includes 2 adults and 2 minor children. This is nonrefundable in total.
MALTA CITIZENSHIP BY INVESTMENT PROGRAM – Malta introduced a new program in December 2020, titled Granting of citizenship for Exceptional Services Regulations. This program is the new Malta Citizenship by Investment program. Since their last investment program Malta Individual Investor was a grand success with it bringing in a revenue of Euro 1.5 billion for the country in the 6 years of it running. They reached the cap of 1800 and closed the program. They came up with a new program in the last month of 2020.
To qualify for this program, you need to make contribution to the Government funds. If you can make a contribution of Euro 700,000, then you would get the Citizenship after a year of living in Malta. In case you plan to contribute Euro 600,000, then you would be getting citizenship after 3 years of living in Malta. Along with this you will need to make a charity contribution of Euro 10,000 apart from investing in the real estate of the country. If you purchase a real estate there, you will have to purchase a real estate worth Euro 700,000 else take a property for rent at Eruo 16,000 per annum, both of which need to be maintained for a period of 5 years.
Malta intends to accept a total of 1500 applications under this program. Every year they will not be granting more than 400 citizenships. To qualify for the program, apart from the investment, you need to provide documental evidence of your source of income, you having a clean background and certificate for your sound health. You could be accompanied by your family who will be your spouse or your legal partner along with your dependent children.
Your parents and grandparents can accompany you in your application if they are more than 55 years of age. However, every additional member will require you to pay extra fees for the same. Any of these investments will require you to make decisions after enough deliberation. It is highly recommended that you take guidance from reputed investment immigration agents like XIPHIAS who are also certified in the field. SOURCE: http://blog.xiphiasimmigration.com/2021/01/invest-inmalta-to-obtain-either.html
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