Benefits of Maltese Golden Visa

photo of cathedral view

Many people dream of going to an island and forgetting about all the problems surrounded by sea expanses. The tiny European country is a “stone flower” with endless beaches and a friendly climate, a real cradle of history. Previously, the territory was repeatedly reclaimed by the Arabs, Turks, and Napoleon’s troops. Now it is a state with a developed economy and stable politics.

One should not fight the temptation of immigration because there is every chance to become a legal citizen. Any wealthy foreigner can realize the dream using a unique investment program with the specific cost of Malta Golden Visa. The entry permit gives many other advantages.

What is Golden Visa?

There is a document, thanks to which one can enter the territory of the Mediterranean islands and travel without visas in the Schengen zone and Europe. Having the card provides you with the opportunities of other citizens. In the long run, the document gives one the right to quickly obtain citizenship – Malta’s golden visa advantage. The period of passport issuance depends on the type and form of investment chosen by the cosmopolitan.

So, there are three types and amounts of contribution:

  1. Receiving citizenship immediately after one year if one contributes from 750 thousand euros to a development fund or real estate. At the same time, a separate amount goes to charity.
  2. After three years, the amount will be 600 thousand euros.
  3. If one chooses the permanent residency program, the passport is provided only after five years of naturalization.

As you can see, there is a choice, which mainly depends on finances. The state will provide you with the benefits of Malta residence by investment.

Benefit 1: Freedom of Movement in the Schengen Area

Many people want to travel freely. Having a residence permit, you will be able to cross the borders of the 27 Schengen republics and vacation there (up to 180 days a year). You will have the right to free movement outside the territory at any convenient time, even when the borders are closed.

Benefit 2: Access to Malta’s Thriving Economy

The economic development of the republic is manifested in several aspects:

  • tourist attraction provides jobs and profits for local businesses;
  • the island area has become a jurisdiction for financial services such as insurance and electronic payments, which has attracted investment and promoted the development of the sector;
  • favorable legislation and tax incentives have facilitated the emergence of numerous online casinos and gambling-related companies;
  • developed IT sector is attractive for IT companies and startups;
  • developed industry, including pharmaceuticals, electronics, shipbuilding, and other industries.

Overall, economic development is evident in the diversity of industries, attracting investment and creating jobs for the local population.

Benefit 3: Stable Political and Economic Environment

The democratic state has a favorable geographical position and demonstrates a stable political system, absence of armed conflicts and terrorist organizations. Investors can also enjoy a stable economic environment and a low cost of living (compared to other European jurisdictions). The state protects the rights of citizens and is based on English law, which includes monitoring the arbitrariness of authorities, observance of the multi-party system, and the laws of the Constitution.

Benefit 4: High Quality of Life

As the expert Brittany Collins (My Golden Visa company) notes, an internationalist is provided with a high standard of living, low taxes, and prices for any goods. Even the cost of real estate and rent is many times less than in other parts of Europe. Medicine is well developed: free health services are provided in a large state clinic. Children at school and university students receive an excellent education on an international level.

Benefit 5: Potential Pathway to Maltese Citizenship

There are several ways to obtain Maltese citizenship in Malta. One of the most well-known and familiar is the Malta Individual Investor Program (MIIP and RP). Foreign citizens can apply if they fulfill certain conditions and contribute to the country’s economy – funds and real estate. An EU passport is issued upon participation, entitling them to free movement and residence in the EU.

Conclusion

Thus, Malta’s golden visa benefits are noticeable immediately in the change in living standards and other factors. There are no high-rises on the island, let alone skyscrapers. It is one of the few countries with no lakes with fresh water and rivers, but this is no reason not to like the territory of the Hospitallers. One year is not enough to fully explore the republic’s history and enjoy the quality of life – you need a lifetime!