Malta is in the south of Italy and has lots of reasons for people from different countries around the world to come and reside here. With the Malta Residence Program, you can travel visa-free within the Schengen zone and enjoy the benefits of free trading opportunities within the European Union.
Maltese residency by investment is a straightforward and fast process. Tax-exemption on your international income is another favorable benefit that comes from Malta Residence Program.
Malta Residence Program Description
Malta’s golden residency program takes hardly 1 to 1.5 months to complete. It is a straightforward process, which requires you to make a non-refundable advanced payment of €5,500 at the time of application submission. It will cover strict due diligence checks.
After your application gets approved, you will make another required investment to obtain your residence permit. During the procedure, you will have to travel to Malta once to register your biometric data. Your family members will be able to get residence permits using the reunification procedure after you receive your residence permit.
While you do not have to maintain physical residency in Malta after acquiring your RP, it will be compulsory to continue your residential property. Initially, you get the permit for five years but can renew it anytime you want without making a second investment.
Benefits of Maltese Residency for Your Family
You are entitled to extend the benefits of the Malta Residence Program to your family members after you receive your permit. Your close family members can also apply for their residence permits through the family reunification program.
These family members include your spouse, children under 18 years, unmarried dependent children aged between 18 and 26, as well as your or your spouse’s dependent parents and grandparents. Maltese residency program grants you and all your family members unrestricted travel rights within the Schengen zone in the European Union.