Why choose to live in Malta? In 2015, Malta was voted the third best place in the world to live
Malta has long been coveted for its strategic location, temperate Mediterranean climate, and more recently the advantages afforded by being the smallest EU (and a Schengen) Member State. Its continued focus on; increasing direct travel links with the world’s major financial centres, offering a safe environment, broadening its bi-lateral immigration treaties and maintaining one of the top ranked passport in the world, ensures that it’s colourful history will continue to be written.
1. Malta’s Individual Investor Programme (MIIP)
The MIIP is aimed at high net worth individuals and families of any nationality (apart from only 3 which are specially excluded by the Authority), looking to acquire a second citizenship.
The programme has been very successful and is considered to be one of the best ‘Citizenship by Investment’ options currently on offer.
- Citizenship in an EU Member State that is stable, neutral and highly respected and whose citizens have visa free travel right to over 120 countries worldwide.
- An efficient application process, having the world’s strictest due diligence standards and vetting of applicants, ensuring the integrity of the Programme by allowing admission to only the most highly respectable clients.
The application process is very transparent and simply requires that the main applicant satisfy the requisite criteria. Taking about 12 months, from date of application for a residence permit (issued within 2 weeks and valid for 18-months) due to the requisite residence criteria, and culminating with the registration of the main applicant and his dependants as a citizen of Malta and the issue of their Passports.
Citizenship by Naturalisation is mainly granted to persons who have been residing in Malta for a considerable number of years. In fact any individual is only eligible to apply after having resided in Malta for 5 years.
- Furthermore, applications are usually only considered favourably if the applicant:
- is a former citizen of Malta;
- was born abroad to Maltese parents who are returned migrants;
- was born in Malta, you hold a foreign citizenship, and at least one of your parents is a citizen of Malta;
- was born to parents who were non-Maltese but one of whom or both subsequently acquired Maltese citizenship;
- was abroad and you are of Maltese descent.
The Citizenship Act entitles the underlying individuals to acquire Maltese citizenship by way of Registration:
- Wife/husband of a citizen of Malta
- Widow/widower of a citizen of Malta.
- Former citizen of Malta
- Child over 18 years of age born abroad between 21/9/64 – 31/7/89 of a Maltese mother
- Person born outside Malta of Maltese descent
Malta Residence and Visa Programme (MRVP)
The ‘Malta Residence and Visa Programme Regulations, 2015’ has been introduced as a straight forward residence solution, aimed at attracting reputable High Networth non-EU nationals and their dependants; to reside and settle in Malta on an indefinite basis, as well as allowing them to travel within the Schengen area without the need to apply for a visa.
The application process is very transparent and simply requires that the applicant satisfy the requisite criteria, and takes about 4-5 months, from date of submission, up until the applicant has a residence cards in hand, which will be valid for 5 years after which it will be renewed for the same period.
Global Residence Programme (GRP)
An attractive and very straight forward residence option affording Non-EU Nationals and their dependants VISA free travel throughout the Schengen Area. Based on personal tax arrangement, through which ‘beneficiaries’ are enjoy a special tax rate of fifteen cents (0.15) on every euro on any income that is received in Malta from foreign sources, and which taxability is not on a worldwide basis. The application process is very transparent and simply requires that the applicant satisfy the ongoing requisite criteria, and also pay an annual Euro 15,000 to the tax Authorities, which will act as a credit against any foreign remittances made.The application process takes about 4, from date of submission, up until the applicant has a residence cards in hand, which will be valid for 2 years after which it will be renewed for the same period, subject to the ongoing satisfaction of the relevant criteria.
The Residence Programme (TRP)
Malta is continually attracting international businesses, for the fiscal advantages and the highly skilled human resource which the island local and European wide workforce. Malta is offering the Single Permit process to any individual looking to work from over 6-month. This application amalgamates the Employment License application process with that of a residence permit. Employment arrangements which are less than 6-month require a two pronged process. Mamo TCV assists private and business clients looking for assistance with Employment Applications and in depth guidance/advice on both the process and Employment law generally.
Non-Exempt Third Country nationals require a visa before entering any part of the Schengen Area. Mamo TCV has a wealth of experience in advising and coordinating visa applications, both locally and for many other EU member states, having an extensive professional network of experts in this sector.