Purchase a property in Malta for €320,000 (€270,000 in South Malta or Gozo); or rent a property for €12,000/year (€10,000 in South Malta or Gozo) and. Vehicle Registration Fees. Official representative of the government program, We have been working since the program’s launch, more than 15 families obtained Malta residence with us, we have helped applicants with all the necessary approvals, we informed applicants about all the pros and cons of the program, your personal manager accessible at any time, Confidence in obtaining a permanent residence in Malta, Additional services in Malta and the European Union. Get a personal cost calculation for obtaining Malta residence for all of your family members. PDF stands for Portable Document Format. 2. This is usually for a permanent period; a person with such status is known as a permanent resident. Please, note that only a certified agent is entitled to accompany the application process as well as prepare and submit relevant documents to Malta Residence and Visa Agency. 3. Maltese bonds are considered profitable, with up to 3% per annum. We conduct Due Diligence, which allows us to make summary stating the possibility to obtain Malta permanent residence and reduces the risk of refusal. The only thing you have to do is to sign the forms! The Employment and Training Corporation is at present the entity that processes applications for the issue of employment licenses (previously known as work permits) with regards to foreign nationals to be employed in Malta. If during the verification process there are questions that could affect the outcome of the application, we will recommend alternative programs. Investment duration: non-refundable The administrative fee will cover the costs associated with obtaining Malta residence, redemption of bonds and repayment of funds in 5 years. Malta permanent residence permit can be granted to a citizen of any country outside the European Union. Key Benefits. Press Release PR192139. The new Malta Residence and Visa Programme is 100% legal and was introduced into law in 2015 via Legal Notice 288. With decades of experience in offering Citizenship by Investment and Residency by Investment programs, Bluemina is well prepared to efficiently cater to the needs of our clients and extend top-class services that grant investors a second passport or a permanent residency card in few months. In order to submit your biometric data and obtain a permanent residence card, you will need to travel to Malta in person. The end goal for Malta is, of course, economic growth. Malta’s citizenship program, which offers a passport to those willing to pay 1.2 million euros, about $1.3 million, has been controversial since it was introduced more than a year ago. 2. Malta has a mild climate, with warm dry summers and mild winters and 300 days of sunshine a year. You will be able to sell the bonds and redeem the invested funds in five years. Taking up Residence in Malta: Benefits of Settling in Malta. We will develop an individual solution, select the country and status, who will solve your problems, we will accompany the whole process. We recommend that you schedule two or three days for this trip. While it may be brewed from the finest barley and hops, Malta drink is, unfortunately, a non-alcoholic malt. Malta permanent residence cards are granted for five years with the possibility of renewal and extension. You can sign a contract with us either in one of our offices or remotely. 1. Ordinary residence in Malta requires individuals to physically live on the island for a period of six months or more. Since the official launch of the program, none of our clients have been denied their application. buy a property worth at least EUR 270,000. Passports are issued after one year through the expedited route, and three years through the standard option. Malta Entry Restrictions in Response to Coronavirus. A … Likewise, you will no longer be obliged to cover the maintenance costs for your property after five years. Transfer your payroll, benefits, and HR from another provider For accountants A rewards program for accountants and bookkeepers Pricing Starting at just $25 per month* *Price of the Basic plan beta program. 288 – 2015 legislative act which allows foreign investors to obtain Permanent residence permit in Malta by investing in government bonds under the state-approved Malta Residence and Visa Program. Applicants do not need to speak the Maltese language or study the history of Malta. We accompany you at all stages during Malta permanent residence application process. Want to get an individual solution for your family? Malta also enjoys good standard of living and political stability. Живые разборы изменений и процессов оформления, Все о проверке на благонадежность при получении второго гражданства, Узнайте какие задачи решают наши клиенты получая второе гражданство, Download extract from the legislative act. Depending on the company, these benefits may include health insurance (required to be offered by larger companies), dental insurance, vision care, life insurance, legal insurance, paid vacation leave, personal leave, sick leave, child care, fitness, retirement benefits and planning services, college debt relief, pet insurance, and other optional benefits offered to employees and their families. A Malta permanent resident may travel to and from Malta freely without the need of applying for a visa or extensions of stay. Pro: Education in Malta is generally of decent quality and state schools are free of charge. We have a Compliance Anti Money Laundering Officer certified by an international association. Global residents also benefit from Malta’s double taxation agreements existing with most European countries, Canada, Australia and the USA, ensuring that tax is never paid twice upon the same income. Next, we will find a property available for rental or purchase according to the requirements of the program. The Whys and Whats of PDFs. Very low administration fees. Upon submitting the application together with the supporting documents, some of them will be subject to due diligence checks. Additionally, there is no requirement to reside in the country, neither prior to obtaining the Maltese residence permit nor after. Private schools are also plentiful, and rather inexpensive compared to many other European countries. 3. In five years, the bonds can be redeemed (sold back), upon receiving a confirmation from Malta Residence and Visa Agency. One may also apply on the basis of edu… Therefore, Maltese citizens are also citizens of the Commonwealth. We provide guidance through this process as well. Moderate cost of Living. In the United States, such a person is officially referred to as a Lawful Permanent Resident (LPR). Leave a request and receive our step-by-step instruction on how to obtain Maltese permanent residence, including details on special rules and common pitfalls, For more than 8 years, we have been assisting high-net-worth individuals in becoming free and enjoying the world with no borders. Terms and conditions apply. Located at the heart of the Mediterranean Sea, the islands of Malta or Gozo are a great place for a second permanent residency. People travelling to and from Schengen areas will not need to have their passports checked at the borders, however at anytime of travel, Immigration Police may request to check documents. If necessary, you will be able to terminate your rental contract or sell your Maltese property. The Malta Independent asked whether their ministries were also working on addressing the growing concerns for University students, particularly Gozitans, with regard to ever increasing rental market. The benefits after one – three of years residency are citizenship and a Maltese second passport. Additionally, it is desirable to arrive between Monday to Thursday since all Maltese agencies close on Friday afternoon. EU/EEA/Swiss nationals may apply as being economically self-sufficient by proving that they are financially stable or on the basis of employment if an individual works in Malta as an employee or is self-employed. Malta enjoys over 60 double tax treaties, persons who take up residence in Malta can receive just their pensions in Malta free of tax at source and subject to a mere 15%. Contact our advisors for further details. Although it is occasionally referred to as the "Malta residence scheme", it is an official Malta immigration program that has replaced the previous Malta Permanent Residence Programme. This provides them with additional benefits and advantages in the UK. for main applicant and dependants. Additionally, we will write for you a cover letter so as to ensure all formalities are properly dealt with. But, maybe a poor reward for adults who endure the unique flavor. Immigrant Invest is the official representative of the government investor program of Malta.License № IIP 168 IMIN Malta ltd. We have been working with this program since its approval by the Parliament of Malta. Permanent residence of Malta in a short time, Permanent residence with zero obligations, Requirements for obtaining Maltese permanent residence under the program, rent a property worth EUR 12,000 per annum (the cost may vary depending on the region). 188, LN437 of 2020, allow for the granting of citizenship by a certificate of naturalization to foreign individuals and their families who contribute to the country’s economic development. Key concept of the program: in order to obtain Malta residence, applicants must invest in Maltese government bonds, rent or buy property in Malta and pay an administrative fee for taking part in the program. EU citizens (except for Croatia), member states of the European Economic Area (EEA) and citizens of Switzerland do not require employment licenses to work in Malta, but are recommended to contact the EURES advisors through their portalin order to see what requirements they must meet before entering the country to work. Sadly, no. You will only need to fill in the application form and submit your photo. We will arrange the process of buying bonds and renting/purchasing real estate. The program is designed to strengthen Malta’s property market, increase work for professionals working in the legal, tax, and financial services industries, and boost the leisure and hospitality sectors. Why do most investors choose Malta permanent residence program? Malta Permanent Residence Scheme Benefits of PR Permits. Your Malta permanent residence status is valid for a lifetime. Immigrant Invest is the only company in the industry that has a Due Diligence Department. All information submitted through this site is protected by professional secrecy and full confidentiality is assured. Its aim is to make Malta more attractive for international students while maintaining the reputation of the local education sector, a government statement reads. LEARN MORE. This led to the adoption of L.N. VisitMalta is the official website for Malta, Gozo & Comino. This gives you additional benefits: Confidence in obtaining a permanent residence in Malta; Getting tax advice; Additional services in Malta and the European Union Citizenship-by-Naturalization Overview. Typically, due diligence checks take no longer than 3-6 months. Next, you will need to invest in bonds as well as buy or rent property in Malta. Timeframe: 5 yearsInvestor must choose between two of the following requirements. Eur4300 / £2,900 / US$4,700). 188.05), under the Maltese Citizenship Act Cap. The enjoyment of Malta’s pleasant climate and diverse cultural heritage. It's a file format pioneered by Adobe co-founder John Warnock in the early 1990s that solved the problem of documents displaying differently across various devices and operating systems. Once you obtain Malta residence, we continue to support you until you receive return on investment. Benefits of the MRVP: Residence in an EU country and visa-free across Europe’s Schengen Area; Right to reside indefinitely in Malta EU/EEA/Swiss nationals and Non-EU nationals may accompany the main applicant provided that they prove that they are financially dependent on the latter. Launched in June 2013, the Maltese government created the Global Resident Programme to draw in folks who can buy or rent high-value property, as well as pay taxes. Applying for a Permanent Residence Permit, Permanent Residence Scheme & Ordinary Residence Compared, Legal Aspects of the Malta Permanent Residence Permit, Coronavirus Malta Immigration Measures (Updated), Citizenship Law Firm promoted 1st Approved Agent, Malta Residence Programme Amendments Discussed, Malta Rated A (High) with Stable Trends by Rating Agency DBRS, Malta's A+ rating confirmed by German Credit Rating Agency, Chetcuti Cauchi partner appointed STEP Malta Chair, Chetcuti Cauchi: Consensus-based legislation in Maltese Investment Migration, Importation of Personal Household Possessions. The renewed Maltese Citizenship Program offers a secure EU relocation route with a fast and straightforward residency acquisition for the entire family. Such benefits include: Malta enjoys a rich cultural and social life. We will prepare all the documents, fill in the necessary forms and apostille the papers, if required. Going forward, the card will be re-issued every five years. Procedure for obtaining Malta permanent residence, Submitting biometric data and obtaining Malta permanent residence, Visiting Schengen countries without visas, Permanent residence for the whole family, including children under 26 years old. per application. Open up to 4 generations. 07/10/2019. Visa-free travel within the Schengen zone. Malta is a small archipelago located in the middle of the Mediterranean Sea and consists of the sunny holiday islands Malta, Gozo, Comino and the uninhabited islands Filfla, Cominotto and St. Paul’s Island. Access to the Schengen Zone. Country Programs. FINANCING ROUTE from €120,000. A flat rate of 15% is chargeable only on income (less personal allowances) received in, or remitted to, Malta from either local or foreign sources. IIP093. We will open an account in one of the Maltese banks and prepare the bailment entitling us to invest in bonds on your behalf. Investment duration: 5 yearsAn authorised intermediary will invest your funds in Maltese government bonds in your name. Malta extended the entry ban to include EU and Schengen Area nationals as well. Reissue of the card is a purely technical formality. Confirmation requiredMain applicant must provide a proof of having an annual income of at least € 100,000 or assets worth € 500,000. Our company IMIN Malta ltd is licensed by Identity Malta No. I’m sure the Maltese government also finds it appealing to add more taxpayers to th… Malta permanent residence for a young family from Kazakhstan, Malta permanent residence permit for business, work and study in Europe, Malta permanent residence for the family which adores Italy, Maltese citizenship for holders of residence permits or permanent residence in Europe, Cyprus Investment Programme | Citizenship by Investment, Antigua and Barbuda Citizenship by Investment, Saint Kitts and Nevis Citizenship by Investment, Permanent Residence in Malta — Malta Residency & Visa Programme (MRVP), Residence in Switzerland Without Work Permit, Malta Global Residence Programme for Tax Optimization, Hungary Permanent residence by investment, Five stars on the Adriatic coast: how to get Montenegrin citizenship in 2021, Europe’s best holiday destinations according to the International Travels Awards 2020, Citizenship of St Kitts and Nevis: investing in real estate will become more secure in 2021. Malta Permanent Residents are allowed to register their imported vehicle at preferential rates. Effectively upgrading your residence status in Malta from temporary to permanent offers long-term certainty that you’ll keep the benefits you already have including: 1. Our Maltese lawyer will finalize the deal. Complete freedom of movement; Low Tax & Extensive Tax Treaty Network; Repatriation of Capital & Income; Freedom to rent out Maltese Property; No Death & Donation Duties; Importation of Personal Household Possessions; Importation of Cars Immigrant Invest is the official representative of the government investment program of Malta. 4. In August 2015, the Government of Malta introduced changes to the Chapter 217 of the Laws of Malta. © 2021 Copyright Legal Malta. All you need to do is provide us with scanned copies of your and your family members’ passports, so that we can draft our contract. Why are we the obvious choice for those seeking to acquire Malta residence? Due to the Coronavirus outbreak, Malta, as well as the rest of the EU and Schengen Area members imposed an EU-wide entry ban on third-country nationals in mid-March 2020. Make a non-refundable government contribution of €30,000 and. Malta’s Granting of Citizenship for Exceptional Services by Direct Investment Regulations (S.L. All Rights reserved. Typically, preparation and submission of the papers take one week. All-in-one platform. Copyright © 2021 Immigrant Invest. The cost of living is still comparatively low. Malta is a great place to visit for sea, sun, culture, attractions and all year round events. Malta is a member of both the European Union and the Commonwealth of Nations. Of course, zero alcohol content is good for all the kids drinking it throughout Puerto Rico and other parts of the Caribbean. The Maltese economy is growing by more than 3% per year, and the tiny size of the islands means that land is in very limited supply. All incoming communications will be validated by us as a sign of the importance we give to the confidentiality of information provided by you at all stages of our communications. The Malta Residence and Visa Program (MRVP) offers non-Maltese persons the possibility of acquiring a European residence permit in an EU country and visa-free travel within Europe’s Schengen Area. A worker from a non-EU country must first obtain a visa to enter Malta and then apply for the residence/work permit once in Malta. Pay the legal fee (depends on family size). Permanent residency is a person's resident status in a country of which they are not citizen but where they have the right to reside on a permanent basis. The property can be sold in 5 years. Once Malta Residence and Visa Agency releases its approval of your application, you will need to pay EUR 24,500 which is the remaining part of the administrative fee. Eligibility for Malta’s favorable tax rates. It will also allow private education providers to tap into certain markets where Malta has limited consular representation, by allowing students to apply for a visa without presenting themselves in person. PRESS RELEASE BY THE PARLIAMENTARY SECRETARIAT FOR REFORMS, CITIZENSHIP AND SIMPLIFICATION OF ADMINISTRATIVE PROCESSES The extensive benefits of the Malta Individual Investor Programme are tangible This program is perfect for those who wish to travel around the Schengen Area and always have an immigration backup plan. All rights reserved, for families, with no residence obligation. This is subject to a minimum payment of Lm1,800 per annum (approx. Malta is in the Schengen area which is a group of countries that have got rid of passport and immigration controls at their common borders. Malta Citizenship by Investment. Information you submit to us is processed as per our Privacy Policy. The program also covers the investor’s children, parents and grandparents. Is Malta India an alcoholic drink? For higher education, the University of Malta offers a number of majors and the tuition is generally affordable. At this stage, it will be necessary to pay EUR 5,500 to cover the costs (this amount is included in the one-time administrative fee). The British occupied the Maltese archipelago for almost 2 centuries and as a consequence, English is one of the two official languages, […] By far the biggest benefit to buying a property in Malta is that the investment is not a sunk cost and can be recovered after the five-year commitment has been met. 4. This in turn grants European citizenship and the ability to live, work and study anywhere in the EU. Referred to as a Lawful permanent resident may travel to and from Malta residence, we continue to you! Likewise, you will only need to speak the Maltese residence permit can redeemed. A member of both the European Union first obtain a malta pr benefits or extensions of.! 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