The Malta Permanent Residence initiative makes it easier to get a Maltese PR. With this program, high-income individuals can purchase real estate properties in Malta, start their businesses, and settle in the country. This post will explore the program, its requirements, and the related benefits.
Overview of Malta Permanent Residence Program
The Maltese PR Program provides affluent individuals with the option of getting a permanent residence in Malta. This program is fast gaining the attention of foreign investors all around the world because of the benefits of Malta PR, such as visa-free trips to other Schengen places, taxation benefits, first-class health care facilities, and more.
The following are the eligibility conditions for getting the Maltese PR:
- Age over 18;
- A stable income source to support themselves and their family;
- Capital assets requirement up to €500,000 that includes €150,000 in financial assets;
- Charitable donations every year after starting the business;
- Employment with no criminal record and compliance with national security requirements are mandatory;
- Medical insurance.
The specific requirements that the investors must meet are an investment in property and government contribution; therefore, best suited for rich applicants.
7 Major Benefits of Malta Permanent Residence
This program provides various benefits to eligible candidates across different countries who dream to come and settle in a country like Malta. Let’s have a look at some of the Malta permanent residence pros :
- Visa-Free Travel. Those with permanent residency in Malta can travel anywhere in the Schengen area, including 26 European countries, without a visa. This makes it easier to visit any country there for business and personal purposes and stay for at least 90 days;
- Tax Advantages. The Maltese PR program also has a favorable tax system with several incentives. These include benefits in global income and capital gains taxes. Malta’s income tax is only 35%, and corporate tax is also 35% which can be reduced to 0% or 12% because of the tax refunds;
- Healthcare System. Advanced and premium healthcare facilities are provided to PR holders & their families. The country’s advanced hospitals having inclusive coverage of National Health facilities allow people to receive quality healthcare services with the help of European Health Insurance Cards acceptable in all European countries;
- Education Opportunities. Malta, in particular, offers a high-quality educational system. This high-quality educational system is also open to families who decide to relocate under the PR Program. Furthermore, public universities in Malta don’t charge any fees, and all the remaining colleges have minimum charges as compared to other foreign countries;
- Secure Citizenship Opportunities. Although the program itself does not provide Turkish citizenship or any other country’s citizenship, it provides a gateway towards long-term stay and a chance to get an E-2 visa. This makes it straightforward for investors to gain entry into the United States for business. After a while, they may qualify to apply for an option of Maltese citizenship, making them permanent residents of Malta;
- Fast Track Process. The Malta Permanent Residence is offered to foreign and local investors with no age or marital status restrictions. They only need to fulfill specific requirements specified by the government to get their application approved within 4-6 months, thus making relocation a fast and smooth process;
- Growth in Real Estate. Real estate investment, which is mandatory when applying for the PR program in Malta, offers great potential yields. Housing prices have grown by 4-6% since 2015, making real estate a profitable investment for those who have invested in a property in Malta. In addition, Malta’s property market has remained stable and continuously expanding, providing a reliable opportunity for long-term investment.
The Maltese PR program is a pathway to a better life with security, lifestyle, and investment opportunities. Individuals who want to gain a prestigious status in a European country are eligible to apply and enjoy these Maltese permanent residence advantages.
Conclusion
From travel without a visa to numerous tax benefits, the Maltese Permanent Residence Program offers various benefits to wealthy investors who are seeking growth opportunities in the country. Also, all the residents can get top-quality healthcare and education facilities, start their businesses, & even get an E-2 Visa. This makes Malta a top choice for high-net-worth people seeking a better and more secure market
