Mr. Willy Wonka offered a golden ticket for chocolate enthusiasts to come to his factory. Similarly, Malta offers Europe-curious people a new way to access the EU region through its world-famous golden visa programme.
Golden visa offers an easy solution to access the entire European Union. The state of Malta is 94 km away from Sicily (Italy) and consists of two main islands, Gozo and Comino. The island is keen to bring foreign fortunes to the region and investing in Malta could mean you and your family receive a golden visa. Sounds nice, right? Read on for more information.
What is a gold visa?
The golden visa is your ticket that offers you permanent residence in Malta. This visa includes a Schengen residence permit, which allows you to travel to 26 European countries.
How will you get this gold visa?
A gold visa is issued to people who have invested a certain amount for at least five years, including government bonds or stock treasury bills.
This type of investment means that your family members also enter Malta and get permanent residence. The best thing about this program is that the investment amount is paid back to the investor five years after the investments are made.
Let's take a closer look at the investments and costs:
Investing in government bonds
The first type of investment that allows you to get a gold visa is investment in government bonds. Government bonds in the form of stocks and bonds are sold for about 250 thousand Euros, and this amount is paid back to the investor after a 5-year period.
After deducting low administrative and representative costs, your full refund will be a very useful investment for you. After budgeting the initial investment, you need to add administrative and representative fees of 30.000 Euros.
Then, if you want to bring your grandparents or father-in-law to Malta, you can pay an additional 5000 Euros. Properties in Malta can be rented for an additional fee of around 10.000 Euros.
Although buying a property in Malta will reduce your budget, it can turn out to be a more valuable investment in the long run. Living in Malta also means you have access to health insurance and coverage in accordance with the country's rules.
Investing through financing government bonds
Technically speaking, we can say that investing through financing government bonds is a much more economical option. Making this kind of investment means that you will be eligible for a residence permit, but this option is much more suitable for investors who do not wish to settle in Malta.
The price of this type of investment is now slightly higher and around 125.000 euros, as its popularity has increased. For this option, it is best to obtain legal authority from Malta. To secure this investment, you need to prove that you earn approximately 10 000 Euros per year.
Extra Benefits
Do you remember Charlie taking his grandfather to the chocolate factory with him? You can also pay an additional fee for your grandparents to qualify for Malta as their country of residence. Many other visa programs also do not allow grandparents to reside.
Benefits
Starting a business in Malta and including Iceland, Norway, Switzerland and Liechtenstein 27 EU countries opportunities to live, work, study and start a business
Visa-free travel for a lifetime in the Schengen Area
Right to reside, settle and stay indefinitely in Malta
In accordance with the laws of Maltese citizenship, after residing for a while as a Maltese citizen, the right to apply for Long Term Residence and citizenship admission
Possibility of tax advantage under the Global Residence Program
Protocol
The Maltese Gold visa offer is as attractive as the rich content of dark chocolate; however, there are some rules that must be followed in order to obtain a visa.
First, before you name Malta your home, you should not have any criminal records. You also need to prove that you have a clean and legal income. Your annual earnings or total assets should equal the amounts stipulated in the provisions when making the initial investment.
After your confirmation letter is sent, you should also visit Malta because staying in the country guarantees your citizenship.
The good news is that this opportunity is open to citizens of all countries except Afghanistan, Iran and Korea.
Waiting period
It will take about half a year to one year to get the visa after making the investment. Apply now and get all the details you need to know how long to wait before you get citizenship.
expectations
Remember that English is spoken in Malta, so you will definitely not feel like a stranger when you come to the Island. Get your gold visa to discover all the opportunities Malta has to offer.
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