What could be more beautiful than a vacation on an island surrounded by the waters of the Mediterranean Sea? Only life in this paradise place. It is worth setting aside all the stereotypes that stifle and prevent development. After all, if you want to get a second citizenship in Malta, the dream is quite feasible. All that is needed is the desire to gain freedom and financial capacity. Thanks to a special program for foreigners can settle on the island, investing in one of the following methods. What benefits besides the climate and scenic beauty await you if you get a Maltese passport? Read on.
Understanding Malta Permanent Residence
This program allows to become almost a citizen, but does not yet fully confer all the rights of Maltese. Before sending the documents for consideration, you should thoroughly study the rules of obtaining and listing the benefits, collect papers, provide a certificate of criminal record and pass a due diligence test. Next, you need to invest in the development of the country or buy any apartment. To make all these steps to implement quickly, without unnecessary waiting and nerves, you should contact a company on immigration for foreign investors.
Advantages of Malta PR
Travelers are accustomed to marking their passports for permission to enter and stay. Usually the terms of such stamps are severely limited and take a long time to review. Unlike visas, the identity document for Malta Permanent Residence entitles:
- travel freely outside of the state, come back and travel without unnecessary nerves and checks at customs;
- to rent a house, work or buy real estate;
- use medical services from both private and government clinics;
- to educate their children internationally;
- to move as a family;
- live in a country with low taxes;
- enjoy the Mediterranean climate and the friendliness of its citizens.
At the same time, most people in the country speak English, so you’ll quickly pick up the knowledge.
Permit is issued for 5 years, then requires renewal for the same period.
Benefit 1: Freedom of Movement within Schengen Area
The ease and speed of processing documents from investors from countries outside the union makes it possible to move as quickly as possible and satisfy ambitions regarding tourist destinations. For example, one of the Malta PR benefits of living in the republic is the freedom of movement from country to country. And at any time without reference to visas, despite the closed borders at the time of travel.
Benefit 2: Access to High-Quality Healthcare and Education
It is important for children to be educated internationally; a diploma is recognized in other countries and will give them a ticket to life. The health care system is public and free to all. All residents of the region are entitled to health care in public facilities. In most cases, doctors speak English, which makes communication easier.
Benefit 3: Favorable Tax optimization Regime
Malta’s tax system is considered one of the most favorable in Europe, which makes it attractive to business. The island power has one of the lowest personal income tax rates in the EU, and also provides a number of tax incentives for investors and entrepreneurs.
Benefit 4: Stable Political and Economic Environment
The country is one of the safest in the world with a low crime rate. Characterized by a stable economy and political system, which gives Malta PR pros for businessmen and workers. According to Zlata Erlach (agency Immigrant Invest), the process of obtaining permanent residency in Malta is quite simple and fast. It is necessary to live in the country for at least 183 days a year and have real estate.
Benefit 5: Excellent Quality of Life
The quality of life here is relatively high due to the level of income and access to health care and education. The island is also known for its safe and quiet way of life. However, you have to consider that the cost of living can be high, especially in the cities and tourist areas. The area here is small and there are some environmental constraints. In general, the quality of life in Malta is higher than the European average.
Conclusion
In general, Malta Permanent Residence advantages freedom of movement and a safer life in a beautiful and comfortable country. To obtain citizenship status, one must physically reside in the territory for a period of time and respect the rights of Maltese.
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