Thinking About Living in Europe? Malta’s Golden Visa Could Be Your Best Option!
In recent years, Malta’s Golden Visa Program has emerged as one of the most attractive residency-by-investment options for Indian nationals seeking to settle in the European Union (EU). According to a report by Moneycontrol, investment migration consultancy firm Henley & Partners has ranked Malta’s program among the top residency-by-investment visas worldwide. Apart from India, other countries with high interest in this program include China, Vietnam, South Africa, and Turkey.
The Malta Permanent Residence Program (MPRP) has seen a surge in demand due to several key factors. As an EU member, Malta offers visa holders the ability to live in the country while also allowing free movement across the Schengen zone, which includes 27 European nations.
Rohit Bharadwaj, Country Head of Henley & Partners, highlights Malta’s prime location in the Mediterranean Sea, boasting a rich history, stunning architecture, and breathtaking beaches. Additionally, MPRP provides permanent residency status with the potential for naturalization after five years.
This structured residency-by-investment program requires applicants to invest in real estate and contribute to the government. It is particularly appealing to families, as it permits the inclusion of spouses, children, and dependent parents or grandparents in the residency application.
Indian investors are increasingly drawn to Malta due to several compelling advantages:
Favorable Tax System: Malta offers an investor-friendly tax environment, including a flat 15% tax rate on foreign income.
Investment Opportunities: The country presents stable and lucrative investment options in real estate and business ventures.
Security and Stability: Malta provides a high standard of living, a robust legal system, and economic stability.
English-Speaking Population: Since English is one of Malta’s official languages, communication is effortless for Indian applicants.
Pathway to Citizenship: The program offers a potential route to full citizenship after maintaining residency for a certain period.
To qualify for the Golden Visa, applicants must meet specific eligibility criteria:
The primary applicant must be at least 18 years old.
They must provide an affidavit confirming a minimum capital of €500,000 (approximately 4.7 crore INR) at the time of application submission.
A single applicant must fulfill the following investment requirements:
Purchase a property worth at least €375,000 or lease a property at a minimum annual rent of €14,000.
If opting for rental accommodation, the applicant must make a non-refundable €60,000 contribution to Malta’s economy.
Donate €2,000 to a registered non-governmental organization (NGO) in Malta.
Pay an administrative fee of €50,000, which is also non-refundable.
According to investment advisory firm RIF Trust, Malta’s tax regime is another reason why high-net-worth individuals are choosing this visa. The country imposes a flat 15% tax rate on foreign income, making it attractive for investors looking to minimize their tax burden. Additionally, Malta has several double taxation treaties, allowing Indian investors to avoid being taxed twice on their earnings.
Malta’s Golden Visa Program is gaining immense popularity among Indian investors due to its numerous advantages, including EU residency, tax benefits, investment opportunities, and a potential pathway to citizenship. With straightforward investment requirements and long-term security, this program presents a golden opportunity for those seeking a new life in Europe.
If you’re considering applying, ensure you meet all the eligibility requirements and consult with an immigration expert for a smooth and successful application process.
