Malta has triumphantly served itself as a stable hub for businesses and individuals to progress with success. The island nicely tucks between North Africa and southern Sicily, making Malta geographically attractive for settlers from across the world. The Maltese archipelago has been a doorway to Middle Eastern, African, and European marketplaces. It boasts a consistent regulatory and skillful atmosphere, which draws entrepreneurs from Europe and other countries alike.
Acquiring a Malta residency can be a valuable decision for you and your family in several ways. You must be wondering how you can become a Maltese resident. The good news is that Malta offers numerous residency schemes for candidates to become Maltese residents. Each scheme has its unique characteristics and requirements.
Below we shall discuss some of the Maltese residency schemes offered by Malta.
- Malta Ordinary Residence Scheme
Under this Maltese residency program, any EEA/EU/Swiss national can become a temporary or long-term residence in Malta if they work or financial stability. As the primary applicant, you can add your EEA/EU/Swiss or non-EU nationals’ dependents to your residency application if they can prove their financial dependency on you.
- Malta Residence Program
Also known as RPR, Malta Residence Program aims to cater to those EEA, EU, and Swiss nationals who are not residents in Malta and want to relocate there with or without families. The Malta Residence Program is the best scheme for individuals with high net worth who want to benefit from the tax status to enhance their tax position. Malta RPR enables you to pay taxes based on source and remittances.
- Malta Permanent Residency Program
Malta Permanent Residency Program is suitable for third-country nationals to relocate to the island. It is an investment program, which grants you and your family the right to live, settle, and stay forever in Malta.