It is a small island country in the Mediterranean Sea. According to Henley global, it has become one of the most sought-after destinations for foreigners who want to obtain a second passport of citizenship, thanks to its attractive golden visa program. A golden visa offers residence permits and citizenship to people from outside the European Union (EU).
A golden visa is a residency permit that offers Second citizenship to people from outside. These visas are granted by countries with the goal of making their country more attractive to investors and new residents, which in turn helps boost the economy. Malta’s golden visa program is especially generous, as taxes are also low, making it an appealing option for those who want a safe place to live overseas.
Stick around as we explore why Malta is the best golden visa passport around!
Why Choose Malta?
Malta offers residents the opportunity to live in a safe country with low tax rates. The government has taken steps to attract foreign investments and has loosened up on restrictions for people who want a golden visa.
One of the biggest draws for Golden visa for Malta is that its EUR 250,000 investment in one of the avenues proposed by the authorities over five years’ time, makes it one of the most cost-effective programs around. Not only that, but Malta also makes it easy for those applying for residence permits and citizenship. Once you invest in Malta, the long-term residency visa given to the applicant will allow you to travel 25 plus countries in Europe visa free.
The Golden Visa program allows individuals who have left their home country to become citizens in Malta as long as they meet certain requirements, like being able to read and write English with proficiency (or another EU language), having sufficient funds, proving that they have a clean criminal record and being of good health at least 18 years old (no age limit).
The Benefits of Living in Malta
Malta offers a number of benefits to foreign residents. If you like to travel, Malta will be your ideal place to live. In fact, it’s within easy distance of 12 different countries in Europe and North Africa. The climate is perfect for running outdoors all year round with an average temperature of 70 degrees Fahrenheit. Malta also offers excellent healthcare services for its residents and has the lowest crime rates in all of Europe.
Getting Started for Maltese Citizenship
The process for obtaining Maltese citizenship is straightforward and can be completed in as little as 18 months. You do not need to have an existing passport to apply for a Maltese one, but you will need to prove your Malta residency. For example, you can submit bank statements or utility bills that show where you reside in Malta.
Once you have this information, submit your application along with the required documentation and payment of the applicable fees. Depending on the type of residency option you choose, it will take anywhere from one year to four years before you are granted Maltese citizenship.
Maltese citizenship offers many advantages: visa-free travel to 130+ countries, the ability to live and work anywhere in the European Union, including the United Kingdom, and the ability to purchase property anywhere in Europe.
If you have any questions about what it takes to qualify for Maltese citizenship, please contact us.