Malta is an island country that attracts tourists throughout the year. Migrants are attracted by a high standard of living, low crime rate and economic stability. Registration of the permanent residence of Malta allows you to easily travel through the Schengen zone, optimize the payment of taxes and get many additional bonuses.

Options for obtaining permanent residence The Republic of Malta is part of the European Union, so the registration of a resident card in Malta automatically provides similar rights and opportunities for other residents in the EU. For registration of permanent residence there are several ways:.

the conclusion of a working contract with the Maltese company;.

studying at the university;.

marriage to a citizen of Malta;.

investment.

For foreigners, services and tourism are among the simplest options for contracting. The exception is made by specialists in the narrow field. In the rest, the foreigner must compete with the local residents to obtain a vacant position. A foreigner is required to obtain a work permit license that confirms the right to work and stay in the country. Issued for a period of one year, extended for a similar period.

Education in Malta universities is paid, but its cost is at least 20-30% lower than in other English-speaking countries. Tuition fees from 7.5 to 9.6 thousand. euro per year, not including payment for accommodation and meals. For admission, enough documents on secondary education and language skills are obtained, exams are not given.

Marriage with a native Maltese - another option for registration of permanent residence. For this, you need to live together for 5 years. Fictitious marriages are punishable by criminal liability.

Permanent residence through investment Making a resident card by investing is one of the legal options provided for in Maltese law. A permanent Maltese resident may be one whose annual income is not lower than 14 thousand. Euro. The second option - the availability of capital in the bank account at least 200 thousand. Euro.

Entrepreneurs need to fulfill several conditions for registration of a resident card:.

availability of starting capital - the amount must be at least 100 thousand. euro, if the citizen of Malta acts as co-owner, the amount is reduced to 40 thousand. Euro;.

providing a well-developed business plan;.

operating office of the company;.

creation of new jobs for local residents, at least three;.

the company must work, pay taxes for at least 3 years;.

for a foreign owner there must be a higher education.

An option is also available for obtaining a permanent residence status through investment. To do this, it is necessary to bring profit to the economy of the country in the amount of 650 thousand. Euro.

The investor undertakes to invest its own funds, the source and legality of which it can easily confirm, in the purchase of real estate or valuable assets. Together with the applicant for status claims and members of his family. For each additional relative, an amount of 25 thousand. Euro. All persons mentioned in the application must be financially dependent on the applicant.

For those who want to buy Maltese property, you must pay for the house at least 350 thousand. Euro. To sell or rent a house is prohibited for at least five years. Option and rental of real estate is possible. In this case, it is necessary to pay at least 16 thousand a year. Euro.

For all investors, general recommendations are developed:.

mandatory declaration of income and sources;.

provision of a certificate of non-conviction;.

payment for local lawyers and notaries in all transactions.

Despite the fact that the Maltese authorities have developed a clear draft law on obtaining permanent residence, the specialists of Migration Group will help to get answers to all possible questions.

Source: https: // migrgroup. com.