The European country in the middle of the Mediterranean Sea has everything for a comfortable life. It has a rich cultural heritage and a lot of interesting sights. The island has a mild climate and a clean and warm sea, which attracts tourists from all corners of the globe. It is realistic to move there; one just needs to know the main ways to do it.
The Government is committed to attracting wealthy foreigners to invest in the Maltese economy. Owners of serious financial resources are offered to get Residence Permit on an accelerated basis.
The policy of attracting people willing to invest money and wealthy individuals to the country has been developed since 2013. This country is one of the few that offers the opportunity to obtain three investment statuses at once.
Overview of the Malta Permanent Residence Program
The state is in demand among wealthy foreigners ready to invest significant capital here. To quickly (literally in a couple of years) get the necessary status and take advantage of all Malta permanent residence benefits, one needs to have at least 300 thousand dollars of assets.
The predominant part of successful candidates are residents of European countries. The list of advantages of living in this country includes:
- high level of infrastructure;
- low crime rate;
- proximity to Europe;
- prosperity and a vibrant economy.
It is necessary to dwell on some aspects because they are considered the main priorities when a foreigner chooses a country to invest money in.
Benefit 1: Stability and Safety
If looking at the country from a security point of view, it can be safely called an extremely safe country. Eurostat says there are only 0.3 crimes per 1,000 locals per year. And they are mostly related to theft. Among other EU countries, only Cyprus shows comparable results.
Driving a car is not something you should be afraid to perform either. There are safe conditions for the driver and pedestrian to participate in traffic. In 2021, there were 17 fatalities per million citizens, while in Croatia, the figure exceeds 70.
Benefit 2: Access to European Markets
The holder of a second passport has the right to live, work, or study in the territory of any country that is part of the European Union. Investors gain privileged access to the markets of Europe and North Africa, which is also among considerable pros. Conducting business has become more manageable thanks to the developed telecommunication system.
Benefit 3: Excellent Quality of Life
One of the main reasons for participation in the program is the excellent quality of life for the investor and his immediate family. Pros of Malta Permanent Residence are:
- Comfortable standard of living with relatively low prices for food and public transportation.
- Excellent environmental component.
- The right to free health care includes virtually all types of services.
The average life expectancy for Maltese is 80 years for men and 84 years for women.
Benefit 4: Favorable Tax Regime
Malta’s PR benefits include attractive taxation, especially when it comes to international companies using one of the various tax refund schemes. The local authorities have legislated tax incentives for capital investments.
Benefit 5: High Standard of Education and Healthcare
If the applicant has children needing quality education, this country will be ideal. The heirs will study in a calm environment, in programs that meet the highest standards. In addition, it is warmer, safer, easier and cheaper there than in Britain or the USA.
With any investment status, a person can more easily obtain medical services. If it is necessary to undergo long-term treatment, there is no need for additional authorizations.
Benefit 6: Efficient and Streamlined Residency Program
As Zlata Erlach of the Immigrant Invest agency points out, under any program, the applicant has the right to enter the Schengen area on a visa-free basis. This is ideal for entrepreneurs who wish to take advantage of all possible tax planning tools for running their own business in the European Union.
Conclusion
From all of the above, you can realize that there is a huge number of advantages of Maltese permanent residence because moving there is an optimal solution for both life and business. It is a rational decision for people who like the measured course of life, sunny weather, and sea air. Applicants have to fulfill several investment conditions to get what they want. In addition, the choice is yours to buy or rent a property or buy a passport in a year or 3. If you seek help from specialists in this matter, you can be sure of a high quality and fast result, as they are familiar with all the intricacies of the process.