Malta Investment Visa
Company Relocation In Malta
I have been back to Malta many times over the years and love the island, the people and the culture. Malta’s Independence Constitution was established on the 21st September 1964 and this established that a citizen of Malta is created automatically by birth in the same islands. A new Citizenship Act was established in 2000 and here some new restrictions were created but some new categories of persons who can apply for citizenship were also introduced. Amendments to the Citizenship Act came into force on the 1st of August 2007 where it now became possible for second generation Maltese as well as future generations who were born abroad to acquire citizenship.
It also has cutting-edge technology, which includes internet access and a stable banking system. 3) Purchase a residential property in Malta worth at least €700,000 and keep it for at least five years. Renting a residence with a rental value of €16,000 per year is also an option. The person is not allowed law firm turkey to sublet or sell this property during these five years. The main applicant must meet the following eligibility requirements, according to this federal government department. According to the new rules, this citizenship program would only be able to grant citizenship to a maximum of 400 people per year.
The legislative framework provides an opportunity for investors looking to obtain a European Union citizenship with a straightforward application process and clear requirements. Once connection to the national community is ascertained the interested person is then invited to register his or her birth at the Portuguese Civil Registry, and the attribution of nationality becomes a matter of right. The process becomes moot if the interested party does not follow through with the birth registration within six months of being notified to do so. Once the birth is registered, the interested person is thereafter recognized as a natural-born citizen. Malta citizenship by naturalization for exceptional servicesoffers citizenship in a highly respected EU member country to individuals and families worldwide who contribute to the nation’s economic development. Malta is not the only country in Europe offering a golden visa program leading to a residence permit through real estate investment.
Hi Rachel, your mother needs to apply at the same time as you, but she would fill in a different form as she would automatically be a Maltese citizen . If your grandparents and mother became US citizens you would need to get hold of their naturalisation papers . I’m not sure how this would affect things, it might depend on the dates they naturalised as US citizens.
The Visa Application Form Must Be Complete And Legitimate, Signed By The Applicant And Accompanied By:
Introduced at the beginning of 2014, the Malta Individual Investor Programme offers high and ultra-high net worth individuals and families worldwide citizenship in Malta as a highly respected EU Member Country. An investment of at least EUR 500,000, consisting solely of property, plant and equipment, such as production facilities or machinery used for business purposes. In 2013 Malta introduced the Global Residence Programme, followed by the Malta Residence & Visa Programme in 2015.
Upon approval and receipt of the investment, Bulgaria issues the investor permanent residency. For applicants who chose to buy real estate, this residence could be included in the €2,000,000 overall investment. You could invest in real estate, a Cypriot business that employs five local citizens, bonds or securities of a Cypriot business licensed by the Securities and Exchange Commission, or a combination of these choices. The main reason why we remind our readers about certain residency or citizenship programs is that it’s always possible that such programs may become more expensive, be suspended, or even disappear altogether. On top of that you’ll now need to purchase a real estate property with a value of €700,000 (formerly only €350,000), and keep it for at least five years, or rent a property for five years or more with an annual minimum rent of €18,000.
Malta Citizenship By Naturalization: New Program Explained
Although Malta has no restrictions on issuing a Maltese passport, your current country of origin can limit your ability to obtain a second Maltese passport. Apart from that, in order law firm istanbul to obtain dual citizenship, the applicant must follow a specific procedure. There are no tax implications if you obtain European citizenship through an investment program in Malta.
Austria has been considered among the most favourite countries in Europe for its Residence by Investment program, offering many possibilities to all persons who want to obtain a visa by making an investment in the country. The passport offers investors and their children the freedom to live, work and study anywhere in the EU. The Maltese Residence and Visa Program was officially launched in 2016 and offers an attractive route to residence status in Malta. The investment is a combination of property and Government bonds and has no physical stay or language requirements are necessary.
Q: How Will New Citizens Be Taxed?
Work Permits issued by Identity Malta are required in order to work in Malta legally and are applied for by the employer, not the job-seeker in case he/she is still abroad. A letter of notification will be sent to the employer when the application is rejected or approved. Our extensive resources and experience enable us to help individuals, families and corporate employees who wish to move to Malta. We provide personal and professional assistance on relocation or residency in Malta that makes the process as smooth, seamless and stress free as possible.
- This company should also handle any relevant applications whilst updating you accordingly.
- The country is landlocked in a conflict-prone region and lacks the lifestyle appeal of other countries offering similar programs.
- In addition, they can rent out the property during the period it is owned by them.
- Despite these broad interpretations, the landmark case of Dano combined the criteria of freedom to move and equal treatment, citing them as inter-dependant, subsequently limiting the scope of Martinez Sala.
Applicants and their families gaining citizenship in Malta gain the full rights of EU citizens and have the ability to live, work and study anywhere in the European Union. The advantageous tax rates and investment programmes offered to foreign investors, coupled with rich culture and history and a pleasant Mediterranean climate, make Malta stand out. Family members including children, parents, and grandparents of the main applicant and spouse can be added. We will prepare your supporting documents and ﬁles and a Residency Card fast-track to prepare you for a visit with a Maltese Consul.
Two outsourced due diligence reports are commissioned from international companies on every family to ensure that as much ground as possible is covered and no stone remains unturned. Ultimately, this is what every citizen wants, what every nation wants and what every applicant of high moral standards wants. Individuals will not feel law firm at ease knowing that their own personal safety is compromised, or that they cannot do business properly. The parent or parents, who were non-Maltese at the time of their child’s birth and one or both later acquired Maltese citizenship, may submit an application on behalf of their children to be naturalized as citizens of Malta.