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Cyprus Or Malta? Which Citizenship By Investment Program Is The Winner?

Dual Citizenship

The applicants may alternatively opt to rent the property for a minimum 9,600 EUR per annum in Malta. If the property being rented is located in the South of Malta or in Gozo the minimum annual rent would be brought down to 8,750 EUR. EU nationals require neither a visa resident permit turkey nor a passport to enter the country. Citizens of some developing countries do not need a visa and can live in Malta for up to three months providing they have a valid passport. Immigrants, even those with EU citizenship, are required to apply for a work permit.

Invest €500,000 in real estate, and you can apply for the Spanish Golden Visa. After ten years of residency and proof of basic Spanish, you can apply for citizenship. These include a €1,000,000 purchase of shares Turkish resident permit or a €1,000,000 bank deposit. I came across the details about obtaining permanent residency in Malta. It got my attention because of what is in offer for Non EU citizens seeking permanent residency in Malta.

Leasing Rental Apartments In Malta

Looking to create even more economic growth, Malta recently introduced yet another residency program — the Global Resident Programme — and it is the most accessible program the country has presented to date. Furthermore, in October 2017, Vanuatu made headlines when they were the first citizenship by investment country to accept payment in cryptocurrency. In return, applicants receive a passport good for visa-free travel to 116 countries, including the UK, all of Europe, Russia, Hong Kong and Singapore. Instead, it takes advantage of Article 10 of the Austrian Citizenship Act, which states that the government can reward foreign persons with citizenship in the event of extraordinary merit.

On top of that, you’ll need to pay any relevant fees that are required of you. At the end of the day, the bulk of the cost of the application will be the investment and donation portions. You must also demonstrate that you’re covered by an international health insurance policy until you’re granted citizenship. Its citizenship program is open to anyone willing to invest in the country. Malta’s Citizenship by Investment program is aimed at high net worth individuals who might also be looking to move to a beautiful new country while gaining the benefits of a widely respected passport.

The Ultimate Guide To Portugal Golden Visa

Many descendants of Portuguese immigrants, especially in Brazil and other Lusophone countries, hold dual nationality, being recognised as natural born Portuguese citizens upon registration under that rule. Applicants will need to make a government contribution, a real estate investment – in the form of a purchase or a lease- and a donation to a Maltese charity has been formalised. As well, they can choose whether to apply to Maltese Citizenship through the standard route after 36 months or apply under the expedited option after 12 months. The new Malta citizenship by investment legislation has an increased focus on ensuring applicants have agenuine linkwith the country.

Most of the programs listed in this best second passport post charge you a fee for the passport. Bulgaria and Cyprus are the only ones where you staying permit turkey can expect your principal returned. I’ve compared the price to the number of visa-free countries, as well as access to the EU and United States.

In addition to quickly gaining a passport for as low as $145,000 the Caribbean countries offer the most affordable citizenship by investment programs. There are many reasons why investing in Malta makes good business sense but it is not enough for the figures to add up and the stars to be aligned. In this day and age – where time, health, safety and true quality of life are precious commodities – Malta scores highly on all these aspects. Travelling distances are minimal, the healthcare facilities, which rank among the best in Europe, are first-class in both public and private hospitals and the crime rate is very low. However, the biggest selling point of the island nation is undoubtedly the lifestyle that investors and their families enjoy in the country. Indeed, those thinking of investing in Malta are highly recommended to visit the nation to explore and experience for themselves the wealth of history, culture, hospitality, bars and restaurants.

Here are some of the tips we provide to quickly decide on the best CBI scheme for you. You can also buy your way to get european passports from Malta/Cyprus, if you are “Mr Money in the Bank” as they are way too expensive, with total price tag reaching 1 million euro. Undertakes to declare that the applicant and his dependants are fit and proper persons to hold Maltese citizenship. Applicants may opt for one of two routes when applying for Maltese citizenship. In November 2020 Malta officially launched its latest program which allows foreign nationals the opportunity to obtain Maltese and EU Citizenship – the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment.

Steps To Obtain Malta Citizenship

We would advise you to consider one of the options put forward by Malta and exchange certain amount of investment for a residence permit, permanent residency, or a second passport. Europe offers a number of other programs toward citizenships many of which start with residency through investment and after x number of years you then become qualified to apply for a passport and full citizenship. Most citizenship by investment programs are available to the family members of the main applicant.

Located in the center of the Mediterranean Sea – the distinguished EU member state – Malta has become an alluring destination for investments in the past decade. Hundreds of foreign investors have obtained Maltese citizenship through Malta’s Individual Investor Program , which reached its cap and was officially closed on September 30, 2020. The new citizenship by investment scheme, officially named ‘Citizenship by Naturalization Turkish staying permit for Exceptional Services by Direct Investment’, was launched in November 2020. We kindly invite you to talk to one of our specialists in immigration in Malta with experience in this field. This is where our immigration specialists can offer legal advice, representation, and guidance right from the start. The United States is severely backlogged which means EB-5 applications can take between one to two years to process.

The best online resource for finding information about investor visa programs. Malta has extensive travel offerings with visa-free access to 184 countries, making Malta the 8th strongest passport worldwide and great option for citizenship by investment. It is mandatory to purchase or lease a real estate property with a minimum valuation of €700,000 or to pay a minimum annual rent of €16,000 per year. Furthermore, from the date of the certificate of citizenship, the individual must keep the purchased or leased property for at least five years. Furthermore, you and your family are not required to obtain a visa to visit the United States or Canada.