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Discover the power of a second passport
Do you wish to move to Malta? A lot of residents are fascinated to the small island state yearly. These consists free employed professionals who can work from far as well as retirees from Northern Europe, with a considerable number of them from the UK. The attraction lies in the relatively relaxed way of living, decent expenses of living, and the country’s historical links to Britain as well.
All those who move to Malta, the smallest EU state, are attracted by its natural beauty, architectural gems and the Mediterranean Sea that makes the life on the island. Many are also attracted by the different successful industries that are working in Malta such as the gaming and the financial services.
Other important fascinations consist of the plethora of free time activities for example diving, cultural events and night life.
In this segment you will find all you need about moving to this island steeped in history, rounded by the deep, blue Mediterranean Sea and where the sun shines for the most of days in the year.
LOCATION
Southern Europe, islands in the Mediterranean Sea
CAPITAL
Valletta
DIFFERENCE
UTC + 1
TOTAL AREA
316 km2
GOVERNMENT TYPE
Parliamentary republic
LANGUAGE
Maltese : 90.1%, English (official): 6%
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.9214 EUR
415,196
Population growth 0.29%
37,900 USD
GDP (per capita)
GDP (purchasing power parity):
16.32 billion USD
152
Visa free countries
We explain below the stages of the procedure of applying for Maltese Residency:
Maltese Residency by Investment may be given under L.N. 288 of 2015 as modified recently by L.N. 189 of 2017
To become a resident in Malta, applicants are needed to invest €250,000 in government bonds (rated “A+”) plus buying or renting a residence.
Both bonds and residences must be held for a minimum of five years.
To become a resident non-domicile in Malta, applicants are required to purchase a residence anywhere in Malta, with a minimum purchase amount of €270,000, or rent a residence at a least cost of €10,000 per year.
Property must be occupied by the eligible persons under the application and may not be let or sublet.
Bahar’s advisory fees cover legal and procedural representation for the main applicant and
Eligible dependent children throughout
The application process related to the submission of the residence application. Advisory fees are non-reimbursable.
All application fees charged by the Maltese government and by Bahar Gate are subject to change. Fees rely on the number of applicants and the complexity of the process. Please contact us if you have any question or would like more information.
Applicants and their families must also pay the following one-time government fees upon submission of application.
€30,000: For the main applicant, spouse and economically dependent and unmarried children.
€5,000: For parents or grandparents.
It is relatively straightforward to gain the necessary paperwork to be able to move to Malta.
This type of visa is issued to Third country nationals who need a Visa to travel to the Schengen area for tourism purposes. It is issued for not longer than 90 days of stay and may be a Single or Multiple entry visas, depending on the decisions made by the authorities and other relevant elements. But in the case where the applicant requires an extension due to unforeseen circumstances whilst in Malta, he/she may request a Visa extension from the Central Visa Unit.
Malta is in the Schengen area which is a group of countries that have got free of passport and immigration controls at their common borders.
People travelling to and from Schengen zones will not need to have their passports checked at the borders, however at any time of travel, Immigration Police may request to check documents.
If you become a permanent resident in Malta you will need to pay 15 per cent tax on the revenue you bring into the country. Thanks to double tax treaties with various countries, you will presumably not need to pay any tax to your country of origin.
You can find a list of countries that have a double tax arrangement with Malta here.
As you’ve become a permanent resident, of course you don’t need to necessarily live on the island all the time and can come and go as you wish. Do be informed that you are not becoming a Maltese citizen by becoming a resident and will not be able to vote.
Based on where you are emigrating from you can apply for one of two types of residency: the Ordinary Residence or the Permanent Residence. The difference between the two finally boils down to how much you are taxed.
Ordinary Residence applies to people coming to Malta from the EU. The tax you pay is worked out by taking from 0 to 35 per cent of your revenue, minus a tax-credit, based on how much you earn and marital status.
Permanent Residence is open to everyone; it is not important what your country of origin is. If you’re not from the EU then this is what you need to apply for. You can also apply for this plan if you are from the EU, but we suggest always consulting a lawyer to see which scheme is more suited to you.
You will need to renew you ordinary residence permit every five years, while permanent residence permits are renewable every year.
In July 2013, the Maltese Government introduced a new residency plan. This suggests special tax status to third country nationals (except for EEA and Swiss nationals) in Malta. To apply for this programme you need to meet special criteria such as buying or renting property in Malta or Gozo and paying a least annual tax liability on foreign income received in Malta.
Successful applicants can take advantages of visa-free visit to more than 152 countries, as listed below. It should be noted that visa-free travel to the countries listed below are subject to change. It is firmly advisable that the related Government authorities and agencies are contacted prior to travel coordination made.
Updated yearly by Bahar Gate
Albania | Hong Kong | Poland |
Andorra | Honduras | Portugal |
Antigua & Barbuda | Hungary | South Korea |
Argentina | Iceland | Romania |
Austria | Ireland | Samoa |
Armenia | Israel | San Marino |
Bahamas | Italy | Serbia |
Barbados | Jamaica | St Kitts and Nevis |
Belgium | Japan | Seychelles |
Belize | Kiribati | Singapore |
Bosnia Herzegovina | Kosovo | Slovak Republic |
Botswana | Kyrgyz Republic | Slovenia |
Brazil | Latvia | Solomon Islands |
Brunei Darussalam | Liechtenstein | South Africa |
Bulgaria | Lithuania | Spain |
Canada | Luxembourg | St Lucia |
Chile | Malawi | St Vincent & the Grenadines |
Colombia | Malaysia | Swaziland |
Costa Rica | Maldives | Sweden |
Croatia | Mauritius | Switzerland |
Cyprus | Mexico | Taiwan |
Czech Republic | Mongolia | The Gambia |
Denmark | Moldova | Tonga |
Dominica | Monaco | Trinidad and Tobago |
Ecuador | Montenegro | Tunisia |
El Salvador | Morocco | Tuvalu |
Estonia | Nauru | Uganda |
Germany | Netherlands | Ukraine |
Fiji | Nicaragua | United Arab Emirates |
Finland | Uruguay | United Kingdom |
France | Norway | Vatican City |
FYROM | New Zealand | Vanuatu |
Greece | Oman | Venezuela |
Granada | Panama | United States |
Guyana | Paraguay | Zambia |
Georgia | Peru | Zimbabwe |
Guatemala | Philippines |