How much does it cost to immigrate to Malta: a comprehensive analysis of the latest fees and policies in 2023
In recent years, Malta has become a popular immigration destination for high-net-worth individuals around the world due to its superior geographical location, stable economic environment and relaxed immigration policies. This article will give you a detailed analysis of the various costs and policies of Malta immigration to help you make a wise decision.
1. Overview of Malta Immigration Projects
Malta offers two main immigration pathways: the Malta Permanent Residence Program (MPRP) and the Malta Citizenship by Investment Program (MEIN). The former is to obtain permanent residence, while the latter is to obtain Maltese citizenship directly. Here is a basic comparison of the two projects:
| Project | investment requirements | Residency requirements | Approval time |
|---|---|---|---|
| MPRP (Permanent Residence) | Minimum 300,000 euros | No hard requirements | 6-8 months |
| MEIN (citizenship) | Minimum 600,000 euros | Requires actual residence for 12 months | 12-18 months |
2. Malta Permanent Residence Program (MPRP) fee details
MPRP is currently the most popular Malta immigration program, and its fees are composed as follows:
| Expense items | Amount (Euro) | Description |
|---|---|---|
| Government application fee | 40,000 | main applicant |
| Government application fee (additional applicants) | 7,500/person | Spouse and children |
| Charitable donations | 2,000 | Mandatory requirements |
| Real estate investment (renting) | 10,000/year (South) or 12,000/year (North) | at least 5 years |
| Real estate investment (house purchase) | 300,000 (South) or 350,000 (North) | held for at least 5 years |
| Administrative fees | 40,000 | one time payment |
3. Malta Citizenship by Investment Program (MEIN) fee details
The MEIN program is more demanding, but allows direct access to an EU passport:
| Expense items | Amount (Euro) | Description |
|---|---|---|
| government donations | 600,000 | main applicant |
| Charitable donations | 10,000 | Mandatory requirements |
| Real estate investment (house purchase) | 700,000 | held for at least 5 years |
| Real estate investment (renting) | 18,000/year | at least 5 years |
| Administrative fees | 50,000 | one time payment |
4. Other related expenses
In addition to the major fees listed above, applicants will also need to consider the following expenses:
| Fee type | Estimated amount (Euros) |
|---|---|
| attorney fees | 10,000-20,000 |
| Document translation and notarization | 2,000-5,000 |
| medical insurance | 500-1,000/year |
| Background check fee | 7,500/person |
5. Advantages of Immigration to Malta
1.EU identity advantages: Malta is a member of the European Union. With its passport, you can live, work and study freely in the 27 EU countries.
2.tax benefits: Malta implements a territorial taxation system with no inheritance tax, net wealth tax, etc., which is very attractive to high-net-worth individuals.
3.Educational and medical resources: Malta provides high-quality British education and a complete medical security system.
4.Short processing cycle: Compared with other European countries, Malta’s immigration approval process is faster.
6. Precautions
1. All fees are settled in Euros, exchange rate fluctuations may affect actual costs.
2. The policy may be adjusted at any time. It is recommended to consult a professional immigration agency for the latest information.
3. Proof of source of funds is key to approval, and complete materials need to be prepared in advance.
4. Different combinations of family members will affect the total cost. It is recommended to develop a personalized plan based on family conditions.
To sum up, the total cost of immigration to Malta ranges from 300,000 to 1 million euros depending on the project. Although the initial investment is higher, considering the EU status, high-quality living environment and tax advantages it brings, it is still a worthwhile choice for many investors. It is recommended that interested applicants choose the most suitable program based on their financial situation and immigration goals.
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