UGLOBAL . COM 17
Being an English-speaking country , full member of the European Union , part of the Schengen Area and having Euro as its currency , Malta has a lot one would need in a country of second residency .
When it comes to education , Malta leaves little to be desired as the Maltese education system is based on the British curriculum , which sets high standards of education for the country ’ s youth and providing the job market with the needed skills to flourish .
Healthcare is another factor making Malta an attractive destination for expats . Maltese residents can benefit from the high standards of healthcare provided across the islands
In fact , Malta offers various residency programs for thirdcountry nationals ( non-EU nationals ) who wish to obtain residency rights in Malta . Such programs have different conditions and benefits , in order to suit any applicant ’ s profile and requirement .
“ As a Maltese resident , one can stay in Malta for an indefinite period of time and travel visa-free to any country within the Schengen Area for a maximum of three months
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As a Maltese resident , one can stay in Malta for an indefinite period of time and travel visa-free to any country within the Schengen Area for a maximum of three months within a sixmonth period . But what are the easiest routes to becoming a permanent resident in Malta ?
MALTA PERMANENT RESIDENCE PROGRAMME
The Malta Permanent Residence Programme ( MPRP ) is a residency by investment program launched in 2021 . It allows individuals to obtain permanent Maltese residency when investing in Malta ’ s economy . Upon fulfilling certain requirements , such individuals , along with both their parents and dependents , would be eligible to become permanent Maltese residents , even though no minimum stay in Malta is required .
By fulfilling the conditions of the program , namely being a fit and proper individual , owning or renting qualifying real estate in Malta and satisfying the financial criteria , the main applicant along with the dependents would be granted a Certificate of Residency valid for life as well as a residence card to be renewed every five years . with both public hospitals and private clinics delivering the highest quality of care , which is particularly sought after for the older generation of expats and soon-to-be parents . Especially after the pandemic , families would consider Malta as a viable contingency plan in order to seek better healthcare than in their countries of origin . Having supported the vaccination effort against Covid-19 , Malta has built a safe , healthy haven for its residents .
For all these reasons and more , Malta has been attracting High Net-Worth Individuals ( HNWIs ) and their families who would like to obtain a second residency in a safe and stable country .
The MPRP is an investment in the family ’ s future , as the Certificate of Residency may be passed on to future generations , and the future spouse of the dependent children , as well as their own children , would be able to obtain Maltese residency by being added to the main applicant ’ s application . The application process typically takes between four and six months to be completed , after which the main applicant and any dependents would be required to visit Malta for the collection of their biometrics and the issuance of their Maltese residence card , granting them the right to live in the country and visa-free travel across the EU .
GLOBAL RESIDENCE PROGRAMME
The Global Residence Programme ( GRP ) is a tax residency program launched in 2013 . It allows reputable individuals to take up tax residence in Malta and benefit from a Special