Visa News: Think about whether you live in a European country? The Golden Visa program of this country can help you.
Malta’s Golden Visa program is currently one of the preferred options for Indian citizens who want to live in the European Union (EU). The top countries looking for this program include China, Vietnam, India, South Africa and Turkey. According to Moneycontrol, Malta’s Golden Visa program, according to Henley & Partners, is one of the best visas of investing in the investment migration. Residency-by investment or Golden Visa is a way to get immigration, permanent residence or citizenship in another country. Such visa programs help to buy wealthy people to buy residence rights.
Features of the Malta -Visa program
Several factors are responsible for the increase in demand for MPRP. First, it offers residence in the European Union because Malta is a member country. This enables residents to travel freely in the Schengen region, which includes 27 European countries. According to Rohit Bhardwaj, Country Head, Henley & Partners, Malta is located in the middle of the Mediterranean. It is known for its rich history, excellent architecture and beaches.
MPRP offers a permanent place of residence with the possibility of naturalization after 5 years. It is a structured program on the investment structure based on investments in real estate and government contributions. The program is particularly attractive for families because applicants can include their spouses, children and dependent parents or grandparents.
Why Indians like the visa program
Malta offers many advantages, including a better control structure, investment options, stability and security, high quality of life, English -language environment and a way to permanent stay and citizenship.
How do I get a visa?
The person who applies for the visa must be at least 18 years old. The applicant must submit an affidavit in which he has a capital of at least 500,000 euros based on the application. 500,000 euros are approximately 4.7 billion rupees.
A single applicant must meet the following requirements:
- Buy a property worth 375,000 euros or lease a property for 14,000 euros per year.
- If the property is rented out, contribute 60,000 euros to the Malta’s economy, which is not reimbursable.
- Donate 2,000 euros to an NGO.
- Pay an administrative fee of 50,000 euros. This is also not reimbursable.
Tax structure of Malta Golden Visa
Nalawade from Rif Trust said that Malta also has a cheap tax environment, including a flat rate tax rate of 15 percent for foreign income, which is attractive to investors. Apart from that, Malta has several double taxation contracts that help Indian citizens avoid double taxation.
