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Sun shines for non-Europeans looking to settle in the Mediterranean: Malta
Global Citizen Solutions, a boutique investment migration firm headquartered in London, announces a new program on their portfolio, the Malta Permanent Residence Program.
Expats lucky enough to call Malta home often pride the country for its high quality of life, excellent education opportunities, and thriving economic market. Along with gaining the right to settle and permanently live in Malta, the MPRP enables investors to take advantage of Malta's dynamic real estate market, as well as pass residency on to family members.
To make a qualifying property investment, individuals can either rent a property with a minimum annual rent of €10K in the South of Malta or Gozo or with a yearly rent amounting to €12K if the property is located anywhere else in Malta. The second option would be to buy a property valued at least €300K if located in the South of Malta/Gozo or €350K if located in the rest of Malta. According to the program´s rules the property's title of purchase or lease must be held for at least five years.
The next step in the investment route to Maltese residency, is to make a non-refundable government contribution followed by a minimum donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations.
In order to qualify for the Malta Permanent Residence Program the applicant must be a third-country national, non-EEA, and non-Swiss with a few exceptions. Other requirements include having enough money to live comfortably in Malta, including owning capital assets of no less than €500,000. From these capital assets, a minimum of €150K must be in financial assets. As part of the country´s comprehensive diligence, applicants also need to hold a clean criminal record, pass a strict four-tier due diligence check, and can't be deemed a security threat under any circumstances.
"The Malta Permanent Residence Program (https://youtu.be/
Gizane Moreira Campos