Malta is a small state located on the shores of the Mediterranean Sea. Its mild climate, high standard of living, and incredible cultural heritage attract relocators. The low crime rate, developed economy, reliable financial sector, and well-thought-out tax system contribute to attracting investors. Since 2013, the Maltese authorities have been actively working to attract foreign capital into the country's economy.

5 main reasons to obtain a Maltese residence permit

Malta is a paradise for investors and their families. Living in the country offers migrants a multitude of privileges:

  • Visa-free travel to Schengen countries. The Maltese residence permit is equivalent to a Schengen visa. An investor can travel to any Schengen country and stay there for 90 days out of 180 – an excellent opportunity to build international connections and take business to a new level.
  • Legal employment, living, and business conduct. By obtaining a residence permit, a relocating individual can legally stay in the country and, with a special permit, register a company or enter into an employment contract. Favorable tax policy.
  • Residence permit implies automatic tax residency: 15% tax rate on income earned outside the country and remitted to Malta; 0% tax rate on income earned outside the country but not remitted to Malta; 35% on income earned in Malta; minimum tax of €15,000 per family. There are no additional tax obligations for the investor's relatives and no inheritance tax;
  • "Second home." An investor is not required to reside permanently in the country, but according to the Malta Global Residence Program, they must buy or long-term lease real estate. If necessary, they have visa-free entry to the country without obtaining a visa. Access to quality healthcare and prestigious education.

Education and healthcare can be obtained in Schengen countries, but the visit should not exceed 90 days.

Ways to obtain a Maltese residence permit in 2023

The main requirement for applicants is financial stability. Here's how to apply for a Maltese residence permit:

Employment. Highly skilled professionals who have signed an employment contract can apply for a Blue Card. The labor market needs qualified workers in the fields of tourism, finance, pharmaceuticals, and computer technology. Education. When enrolling in a Maltese university, applicants receive a special student visa. To obtain permission, you must immediately choose a university and only then submit documents for a new status. Business conduct. To obtain a business visa (residence permit), you must register a company in Malta with a minimum of 3 years of operation, employ at least 3 local citizens, and contribute at least €100,000 to the share capital (for co-founders of a local company – from €40,000). Family reunification. A Maltese citizen who is in blood relation to the applicant can apply for a residence permit on their behalf. If approved, the applicant can obtain Maltese citizenship in 5 years. When marrying a Maltese citizen, the spouse must obtain a residence permit, reside in the country for 2 years, and then apply for citizenship. Investments. Participate in the Malta Global Residence Programme, designed for the entire investor's family.

Requirements:

  • rent (annual fee €8,750-9,600) or purchase real estate (€220,000-275,000). The amount depends on the chosen region of residence;
  • purchase medical insurance for each family member specified in the application;
  • annual payment of 15% on income earned outside the state (but not less than €15,000);
  • stay in the country for a minimum of 183 days annually.

The main list of documents required for obtaining a residence permit

The list may be supplemented with other documents depending on the chosen type of residence permit. Below is the main list:

  • Basis with confirmation for obtaining a residence permit.
  • Birth certificates for family members under 18 years old.
  • Marriage certificate (if available).
  • Receipts for fees and charges. Rental or purchase agreement for real estate.
  • Proof of solvency – bank statement.
  • Photographs. Medical insurance policy.
  • Valid passport. Completed application form.

In the first year, the obtained status is valid for one year, after which the residence permit can be extended every two years. By participating in the Malta Global Residence Programme, the investor obtains a long-term residence permit with the right to subsequently obtain citizenship. If you are interested in obtaining a Maltese residence permit, planning to expand your business, and need qualified assistance, the specialists of the migration agency GARANT.IN will provide support at any stage. We will help you realize your dream in the shortest possible time, without delays, bureaucratic complexities, overpayments, or extra efforts.