The island republic of Malta is a tidbit for the tourist, which will not leave anyone indifferent. The island is simply impregnated with coziness, so indelible impressions of staying in this tiny state remain forever. There are a lot of neat beaches with white sand and beautiful nature. For this reason, it can even be called an open-air museum. It is one of the reasons why residents seek political and legal ties to this state. However, this is not the only reason.
The benefits of the Republic of Malta
Now let’s look at every plus side of being in a miniature fairy tale, and we suggest exploring the merits and properties of using Malta CBI. And you’ll definitely want to apply to make sure everything is legal.
Ten reasons to move and get a Maltese passport:
- Possibility to visit more than twenty countries with a Maltese passport.
- Information about your whereabouts is confidential.
- Opportunity to invest in real estate and enterprises, a simplified taxation system.
- It guarantees the safety of citizens, minimum requirements, and the absence of terrorism.
- Stable economy, well-developed medicine, education, tourism.
- According to Victoria Atanasova (agency Immigrant Invest), the receipt of rights occurs within 5-6 months after the application.
- Golden visa is valid for five years, after which it can be extended, unlike other countries, where residence status is granted for a year or two.
- Relatives are also eligible to move in with the main international, and children have no age restrictions.
- It is possible to move to island land as a common-law husband and wife.
- For international education for children, many go to the islands to improve their English and get acquainted with Maltese.
In general, the main priorities and pluses for a cosmopolitan are lifestyle and security. A well-developed sphere of education and infrastructure allows children to receive a decent upbringing and education. The privacy of personal information and opportunities to travel are also attractive. The medical system in Malta stands out, which is developing at the level of Israeli medicine and gives the key to a healthy life for many people.
Ways of politico-legal binding
Obtaining citizenship in Malta is an attractive opportunity for many. The government offers various ways to obtain this status, which may include ancestry, marriage, or investment in the country:
- You can become a citizen of the island republic by descent, i.e., if you were born abroad but your family resides in Malta.
- Obtain documents by marrying a local citizen.
- To earn Maltese citizenship through the long-term residence.
- To become a citizen by improving the economy for the state’s good.
While finding new opportunities for the whole family, it is also worth knowing the disadvantages that the internationalist will have to face. First of all, it is a thorough security check and the provision of information about one’s capital. Its total amount must exceed 500 thousand euros. You might think twice about going to the state if you add real estate prices, costly houses, and hotel complexes in the center. However, if you have experience doing business and are making far-reaching plans for the future, it is worth taking the risk and obtaining profitable dividends from it.
Step-by-step process of getting Malta citizenship by investment
The Malta CBI program is a great way to get a person politically and legally tied to a specific land. Qualified investors can get documents for themselves and their family members as long as they invest in real estate, as well as make financial contributions to a fund and bonds approved by the official regulators. This method is fundamentally different from the one through naturalization (required periods of residence in the territory from 7 to 18 years). In the case of investment, the time frame is more than halved.
The cosmopolitan application is carefully screened and evaluated through a four-tiered process. First, if you qualify for this program, your citizenship will be processed within one year or three years of residency on the island.
You will receive a Maltese passport under the following conditions:
- You are of legal age or older,
- Go through the due diligence process and have no criminal record,
- You invested at least 600,000 euros if your residency status is three years, or you invest a more significant amount if you have lived one year.
When visiting the passport office, applicants must present their electronic ID card, fill out Form A, and obtain a biometric facial image and fingerprints.
Under normal circumstances, applications are processed within four (working) days and collected at the passport office. Once collected, applicants will have to present their electronic ID card and be fingerprinted again for authentication. The applicant will be contacted if the application is not completed, which will delay the entire process. You must pay the appropriate fees in advance; the passport office accepts payment by cash, check, or card. Applications must be submitted in person, and the applicant will pick up the documents as soon as they are signed.
Some people encounter rejection when applying or processing an application. It means not meeting the government requirements for immigration. It is not because you are already registered in your home country, especially since the island republic approves dual citizenship. The point could be insufficient solvency or unproven security regarding documents or a person. It may be necessary to confirm the information to issue a document to you. If this is the case, the time to provide biometrics may be delayed. Urgent citizenship can be obtained within a few days. But in any case, once it is processed, the cosmopolitan will be monitored by state agencies for about five years.
Article Submitted By Community Writer
