Malta attracts travelers from all over the world. In addition, this is due to the comfortable climate, magnificent nature, white sandy beaches, a stable economy, and prospects for business development. Those who want to invest their money in the country’s economy and obtain residence permit status seek to come to the Republic. Among others, the island state is popular among Indians.
Understanding the Malta PR Program
The Malta Permanent Residence program offers regular legal residence in the country in exchange for investment in local real estate or charitable contributions. The residence card is valid for 5 years. After that, it is allowed to extend it indefinitely if the investor has rented or purchased accommodation in Malta. Indian citizens above 18 years of age, with a capital of at least €500,000, including €150,000 in liquid assets, good health, and clean background, can participate in the program and receive a positive response on their application form. These requirements are mandatory for all candidates.
Why Malta PR is Attractive to Indians
The automatic eligibility of the applicant’s family is the main reason and benefit why Indians are actively preparing applications and documents for the Malta PR for Indians program. One can include their children without any age limit, and they will retain their permanent residence in Malta even if they decide to marry or find a job. In addition, Indian citizens can travel visa-free to 60+ countries worldwide, including the entire Schengen area. The Republic is known for its low crime rate and clean environment. It has a stable economy, favorable business prospects, a low unemployment rate, excellent schools and universities, high-quality hospitals, and European medical services. It is possible to apply under a simplified procedure and get a residence permit within 6-8 months. More details are available at imin-cyprus.com.
Eligibility Criteria for Malta PR for Indians
Indian nationals can buy or rent a property to participate in the program. If it is a purchase, one should look for properties for at least €300,000 in Gozo, the south of Malta, or €350,000 in the rest of Malta. Rent a property for a minimum of €10,000 annually in the south or €12,000 annually in the rest of the country. The state contribution for the purchase is €68,000, and if the investor rents the real estate will have to pay €98,000. A donation of €2,000 should also be made. All these amounts must be paid upon approval of the application. With the request, the potential investor is only required to pay a fee of €10,000. Malta Permanent residence for Indians is the easiest way to immigrate to a more developed and promising country.
Required Documents to Obtain Malta Permanent Residence
List of required documents:
- Valid Passport: Copies of all relevant pages.
- Residence Application Forms: Filled out and signed.
- Proof of Health Insurance: Comprehensive health insurance that covers all risks across the whole of the EU normally residing in Malta.
- Proof of Financial Resources: Evidence of stable and regular resources that are sufficient to maintain yourself and any dependents.
- Police Conduct Certificate: A clean police conduct certificate from Malta and from the country of origin or the country of residence, where the applicant has resided for over six months during the last 10 years.
- Medical Certificate: A declaration signed by a medical doctor or a medical practitioner on the state of health.
- Proof of Accommodation: Evidence of stable and regular income that is sufficient to maintain yourself and your family without recourse to the social assistance system in Malta. This could include rental agreements, property purchase contracts, etc.
- Marriage and Birth Certificates: If applicable, for spouse and dependent children.
- Passport-sized Photos: As specified by the application instructions.
- Payment of Application Fees: Information regarding the applicable fees.
- Other Supporting Documents: Depending on the specific permanent residence program, other documents might be required, such as evidence of investments (if applying under an investment-based program), employment contracts, educational credentials, etc.
It’s important to follow the specific instructions provided by Maltese authorities or your legal representative, as missing or incorrect documents can cause delays or refusals of the application. Regulations may have changed after my knowledge cut-off date, so I strongly recommend contacting a Maltese embassy, consulate, or other official representative for the most accurate and up-to-date information.
The Application Process
To simplify the process of obtaining residency consists of the following steps:
- signing an agreement with an agent who will represent the investor’s interests;
- preparation and submission of the package of documents by the appointed Agent on behalf of the applicant;
- payment of a fee of 5 500 €;
- review of the documents and obtaining a favorable result;
- payment of the fee and contribution of 24,500 €;
- investment;
- receiving the residence certificate.
Then you can pack your bags and head to the beautiful island nation to start a new phase of your life.
Life in Malta for Indian PR Holders
Today, the Republic’s economy is home to over a hundred private investments from India. There is an established Indian community here with over 5,000 people. Since all Maltese are fluent in English, there will be no language barrier here. Take note that official communication is also conducted in English.
Indians, as representatives of an ancient, rich culture, have come to appreciate the 7000 years of history, traditions, and customs of the Caribbean nation. The mild climate and delightful nature make this island appealing for permanent residence. According to an expert of Imin Cyprus Victor Awunudo, wealthy citizens of India in the majority continue to choose this country for immigration of their families, recognizing in it excellent opportunities for themselves and their children.
Conclusion
Now that all the features and advantages of Malta PR for Indian citizens have been considered, we can move on to action. Firstly, you should seek advice from immigration specialists to get information support and assistance in the process of preparation and submission of documents. Once your request is approved, you can move to Malta for a comfortable life.
Apply for citizenship now and enjoy all the benefits!
