Malta Permanent Residence: Benefits And Disadvantages
Malta is a coveted destination for many nations. Even before Christ, ancient nations tried to appropriate the island in order to take possession of a beautiful resort, seaport, and, judging by the name, "honey" island. Surrounded by the Mediterranean Sea, this piece of land has a lot to see and do, as well as places to go on weekends and where to spend time with your children.
There are advantages of permanent residence in Malta, as well as some disadvantages. This is necessary for those who are going to invest in order to obtain citizenship. So, let's find out if the state really lives up to its sweet honey name, or is it better to look for another place to implement their plans and business ideas.
Why the Maltese state is chosen for permanent residence
The fact that the country is an archipelago, consisting of Gozo and Comino, is already attracting the attention of affluent residents of the planet. In addition, the small republic is worthy of attention. Its natural landscapes and historical monuments are admirable. So it is worth thinking about how to profitably invest to obtain permanent residence in Malta and enjoy all the benefits of staying in this part of the world. The country is a safe place to live, most of the population is absolutely conflict-free, and there is no terrorism and drug addiction. Thanks to this you can safely implement your ideas, not worrying about life and your relatives, reach the heights in business, develop yourself as a person, to rest with benefit.
What causes the Malta permanent residency program benefits
COPYRIGHT_SZ: Published on https://stationzilla.com/malta-permanent-residence-benefits-and-disadvantages/ by Dr. Cooney Blades on 2023-01-13T15:06:04.709Z
The good ecological situation and the stable microclimate of the state allow permanent residents and visitors to breathe fresh air and improve their health. There is a legend that Odysseus once found refuge on the island of Gozo and woke up in the arms of the nymph Calypso. No wonder that the island is legendary, because it is very beautiful. On the sandy beaches of Malta you can spend your whole life. And this is yet another reason to settle for permanent residence.
And now let's look at each of the list`s pros of staying in a miniature fairy tale called Malta. And you will definitely want to apply for a residence permit.
MPRP settlement and citizenship or 10 reasons to move:
- The ability to visit over twenty countries with your Maltese passport.
- Completely secret information about your whereabouts.
- Chance to invest in both real estate and businesses.
- Guarantees of security for citizens.
- Stable economy, well-developed medicine, education and tourist activity.
- As noted by an expert on the investment program of Malta, Victoria Atanasova, a passport is obtained within 5-6 months after filing the application.
- Golden visa under the Permanent Residence Program is valid for 5 years, after which it can be extended, unlike other countries, where residency status is granted for a year or two.
- Relatives also have the right to move with the main investor, and for children there is no age limit.
- It is possible to move to Malta as a common-law husband and wife and to obtain a residence permit without any hindrance under a special program.
- International education for children, and many go to the islands to improve their English and get acquainted with the Maltese.
In general, the main priorities and the main pros of maltese residence are lifestyle and safety. Well-developed education and infrastructure, allowing a decent upbringing and education of children. Attracts and privacy of personal information, and freedom of movement within the Schengen countries. The health system stands out, which is developed at the level of Israeli medicine, and gives the key to a healthy life for many people.
Some cons of the Island State
One can long debunk the myths about the happy life of a cosmopolitan, because there are both supporters of this way of life, and opponents, who believe that the homeland can not be betrayed, and put forward such judgments to the masses. However, we will focus on the main disadvantages of living in Malta, because they are much less than the real pluses:
- providing data on the availability of capital worth 500 thousand euros, as well as the payment of all state fees, which are no longer refundable;
- verification of credibility of the investor and his family, resulting in a charge of 10 thousand euros for each family member;
- in addition to the investment in the purchase of a house or rental property, a charitable contribution and an administrative fee must be paid;
- the high cost of renting and buying a home, especially in the central parts of the island.
This puts the settlement of some categories of people in question. After all, it is necessary to invest quite large sums and provide information about one's budget. At the same time, it is important to be a solvent and trustworthy person. However, with experience in business and a great desire to change your life completely, you can move, and subsequently make a profit. For example, if you buy a property immediately, rather than renting, you can get a high percentage of renting space to other people.
Thus, life in Malta can be seen as a profitable investment in business development, education, learning foreign languages, travel and peaceful family life.
