Malta's work visa changed to permanent residence

(1) project conditions

1 The age of the main application is over 18 years old.

No criminal record

3 The annual income of the principal applicant is at least 654.38 million euros or the assets exceed 500,000 euros (choose one).

(2) Investment conditions

1 The applicant has held 250,000 euros of national debt investment for five consecutive years, and the income belongs to the applicant or the applicant pays 654.38 million euros as financing interest, which will not be returned after one-time payment.

There is a health insurance covering Europe, with a coverage of 30,000 euros/year/person, and the applicant pays a premium of about 500 euros/year/person.

3 The applicant needs to buy or lease the property that meets the requirements of the government and hold it for 5 years:

Rent: property in central Malta 12000 Euro/year, Gozo Island/South Malta 10000 Euro/year.

Purchase: 320,000 euros in central Malta and 270,000 euros in Gozo Island/southern Malta.

-Time period

3-6 months

Main advantages

1 Get permanent residence in one step, and enjoy the journey to Schengen: Invest to get permanent residence status, which is the only four countries in the world, namely EU member countries, Schengen countries, euro countries and Commonwealth countries.

Four generations of immigrants, identity inheritance: one person applies, and spouses, unmarried children under 27, parents and grandparents can all obtain identity together.

3 Pre-investment approval, risk-free: 250,000 euros, permanent residence status for the whole family, clear laws and regulations, and investment in national bonds is directly managed by the state without any risk.

4 short cycle and fast speed: permanent residency in Europe can be obtained within three months after submission.

5 The threshold is low and the application is simple: there is no explanation of the source of funds, no immigration director, no business background, language, education and asset requirements.

There is no burden to change the card for permanent residence in the later period: no residence requirements, no investment requirements, and zero burden to change the card.

7 Historic Ancient City, Comfortable Life: Malta has a history of more than 7,000 years, and there are many places of interest all over the country. The living environment is leisurely and comfortable, and rich private yachts can dock directly.

-Education and health care

In education, Malta has inherited the British education system and has first-class teaching and scientific research quality. The standard setting of students' examinations at all stages is also in line with the British IGCSE level. In Malta, all children between the ages of 4 and 65 have the right to receive free education. There are 340 schools in Malta, and the most prestigious university is the University of Malta.

In terms of medical care, Malta's medical level is first-class. Not only is the medical equipment advanced and the medical staff first-class, but more importantly, the political system of universal medical care and a good medical environment. In the ranking of the world medical system published by the World Health Organization, Malta ranks 5th in the world, 30th in Canada, 32nd in Australia, 37th in the United States and 144 in China. Malta is one of the seven best retirement resorts in the world.

-Taxes

(1) Personal income tax

The personal income tax rate in Malta is 15%-35%. Although the level is high, the tax rate is equal to zero for customers who do not live locally and have no local income.

(2) Enterprise tax

It is difficult to enter the European market, but once you become a citizen of Malta, you can set up a company there. The corporate tax rate is only 5%- 10%, which is the lowest in Europe. In addition, there is no capital gains tax, no asset tax and no inheritance tax.

Although Malta is a global tax country, as long as you live in Malta for less than 183 days, you don't need to pay asset tax.