Advices

ADVICE #239

How to get a residence permit in Malta?

Malta does not provide a residence permit in the usual sense. Instead, the foreigners can apply for long-term resident status. It is provided for five years. Global Resident Program (GRP), designed exclusively for the citizens of those countries that are not EU members has been in place in Malta since 2013. It provides an opportunity to obtain the resident status to people who have bought property on the island for at least EUR 275,000 and will pay an annual tax of 15,000 per person (EUR 20 thousand for a married couple). The basis for granting a five-year resident status is also documented willingness of the applicant to invest in business in Malta for at least 100 USD thousand . If the residents complies with all conditions, upon the expiry his status is automatically extended. The document package shall include a valid passport, two colour photos, birth certificate, proof of purchase of real estate, tax return and completed application form. All documents must be translated into English and notarized. Registration of the resident status will cost four thousand euros.

Мальта

Comments

Share your advices

Have your own method for choosing a bank? Know the best way to open a bank account, get a loan, establish a company or make money-transfer to another country? Share your expertise with other users!

Advice #238
How to register a company in Malta?
Мальта
Advice #264
How to open an account in Norway?
Норвегия
Advice #265
How to issue a debit card in Norway?
Норвегия
All advices
Anastasia Steinhauser

Sberbank CZ represantative

Czech Republic 
Polina Filatova

LondonfoRus general manager

United Kingdom 
Anna Radishevskaya

EWUB Marketing and PR director

Luxembourg 
All experts

Virtual Affairs: the bank of the future has no borders - it's where its clients are

Read now