- February 6, 2018
- Posted by: CIP Journal
- Category: Golden visa
The Malta Residence & Visa Programme, also known as ‘Malta golden visa’ launched in 2016, provides an opportunity to non EU residents of a good repute to reside, settle or stay permanently in Malta.
According to Investment migration insider
Less than two years since its inception, more than 500 applications have been received by the Malta Residency Visa Agency, 440 of which in 2017 alone, numbers unequaled by other EU country residency programs in the first full year of operations.
The majority of applicants hail from China, closely followed by Russia, Turkey, and Tunisia. We are also seeing strong interest from Western countries such as Canada and Australia.
We shall be introducing the Programme in India in the next few weeks and into other countries such as Japan, Vietnam as well as other Asian countries by the end of the year, said CEO Roderick Cutajar of Malta Residency Visa Agency.
The Maltese golden visa program offers indefinite residence in Malta, along with free movement in the Schengen area. The processing time is 3-4 months.
- Visa free access for family & dependants to the Schengen Area;
- Acquisition of Indefinite Residency;
- Malta has Moderate Cost of Living;
- A Residency Card Provides You Direct Access to Apply for a Work Permit;
- Malta has very stable economy and access to high level education institutions and renowned english language schools
- Excellent health care systems
- Growing real estate market
To apply for Malta golden visa residency program, the investment conditions are
- Purchase Government Stock worth €250,000 for a period of five years;
- Rent a property for a minimum of €10,000 for a period of five years or purchase a property for a minimum of €270,000.
- Pay an administration fee of €30,000;
- Pay €5,000 for parents-in-law and grandparents;
- Provide a Health Insurance to cover the entire family/dependants;
Malta also offers citizenship to high value investors and families through Malta IIP, which requires about €900,000 investment. The scheme is capped to 1800 applicants.