Malta Residence & Visa Programme just launched
Malta just launched an attractive Residence and Visa Programme for Non- EU/EEA/Swiss nationals wishing to reside, settle or stay indefinitely in Malta, as well as travel within Schengen area without the need for applying for a visa.
The beneficiary and his dependants can also apply to reside, settle or stay indefinitely in Malta. Applicants must satisfy certain conditions, including a three tier investment in Malta comprising of a contribution, acquiring or renting qualifying immovable property situated in Malta or Gozo and investing in the Maltese economy.
Applicants need to be non-EU/EEA/Swiss citizens and need to have an annual income of not less than €100,000 arising outside of Malta OR in possession of capital of not less than €500,000;
The Programme can be viewed as a Residence by Investment route open to Non EU nationals and their dependents who would be granted a Maltese residence permit allowing its beneficiaries a permit which will allow free travel within the Schengen Area, thus free travel within the 26 members of the Schengen Area.
Such residence permit will also grant its beneficiaries the right to reside, settle and stay indefinitely in Malta. Importantly, spouses, children, parents and grandparents may also qualify as dependants and hence get a residence permit too.
Further information can be attained from here.
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