Malta has become an attractive destination for expatriation over the years. The Maltese government provides a range of residency programs to foreign nationals who wish to settle there. If you are planning to move there, Expat.com is bringing you some key information.
Are you excited about the possibility of moving to Malta, but not quite certain how to change your residency? Well there's good news for expats looking to relocate. The Maltese government is eager to accept new residents, and in the past few years has rolled out several new programmes to help make the transition smooth and seamless. Which of the many new programmes is right for you? That depends on your living situation, country of origin, and several other factors.
If you want to learn more about finding the right residency programme for you and your family, we've prepared an overview of some of the most popular options. Here are just a few of the ones you should consider:
The Residence Progamme
If you're a member of the EU/EEA or are a Swiss national wishing to reside in Malta for a period of time must apply for the Malta Residence Programme.
Malta Residence and Visa Programme
Non EU/EEA/Swiss nationals who own property in Malta and want to become residents can apply for the Malta Residence and Visa Programme. This program was recently introduced to streamline the process for non-EU/EEA/Swiss nationals to encourage ongoing economic growth.
Malta Global Residence Programme
Designed for non- EU, EEA, or Swiss nationals with a stable income, the Global Residence Programme offers various incentives for relocation to Malta.
Citizenship by Investment
In keeping with their commitment to the economic growth and stability of the country, the Maltese government recently began offering citizenship via naturalization to those individuals (and their families) who contribute substantially to the financial well-being of Malta.
Malta Retirement Programme
But what if you don't plan to work when you relocate to Malta? If you're entering retirement and are a member of the EU, EEA, or are a Swiss national, there's a programme designed especially for you that offers a favourable rate of taxation.
United Nations Pension Programme
Another way Malta is making it easier for retirees to become residents is through the United Nations Pension Programme. To qualify, one must be the recipient of a UN pension (either directly or as a widow/widower).
Why is Malta trying to make things so straightforward and worry-free for new residents? Because the Maltese government knows the value that newcomers bring to the island nation. Malta's strong economy and forward-thinking business strategies come from the mentality of being inclusive and welcoming expatriate-founded companies into the country. Although tourism is a flourishing industry in Malta, many officials want to bring new residents in for good. The solution was to create this series of beneficial programmes aimed at encouraging new lifelong residents.
As mentioned earlier, many of these programmes are new, put out within just the past few years to help future citizens from all walks of life make the move to a new home. So no matter where you're from, whether you're seeking a career in this economically stable country or looking for a beautiful and relaxing place to retire, Malta is ready to welcome you with any of these residency programmes.
