One of our most successful partnerships is with an immigration consultancy firm, specialized in the Malta Residency by Investment program.
Being really experienced in the local Maltese market, but also dealing with foreign investors, there are some insights and advices that such real estate consultants give to their clients that we think everyone could learn from, whether you are willing to investing there or on any other region of the globe.
We will transcript here what he send their clients in the initial stages of each process.
Malta is one of the most popular destinations for foreign workers.
It offers an attractive package of benefits such as low taxes, English language proficiency, and a stable economy.
However, the Maltese government does not allow its citizens to sponsor foreigners for permanent residency.
This means that if you wish to live permanently in Malta, you will need to apply for a “Golden Visa”.
In this article, I am going to share with you five tips that I learned from my Golden Visa consultants.
Tip 1: Know the Requirements Really Well
Before applying for a Maltese Golden Visa, you need to understand what requirements and specificities the program has.
You must know whether or not you meet all the criteria set by the Maltese government.
Do you have any health issues? Do you have any criminal record? What are your hobbies? How much money do you have saved?
These questions are crucial to answer before applying for a Golden Visa.
Tip 2: Understand the Process
There are two types of visas available for applicants:
• Short term visas
• Long term visas
Short term visas are usually valid for 6 months to 2 years. They are meant for those who plan to visit Malta temporarily.
Long term visas are usually valid between 3 to 10 years. They are meant to give you a chance to settle down in Malta.
Both short term and long term visas are subject to certain requirements. For example, you must prove that you have sufficient funds to support yourself and your dependents.
Tip 3: Get Financial Support
When applying for a Golden Visa you should seek financial assistance from your sponsors.
They may offer you a loan or a grant to cover your living expenses for the first three months after arrival.
After that, you will have to pay back the amount you borrowed.
Tip 4: Be Prepared
Make sure you have everything you need before leaving for Malta.
For example, pack clothes suitable for winter and summer. If you don’t have a car, you should bring your driver’s license and insurance documents.
Tip 5: Don’t Panic
Applying for a Golden Visa is not difficult. However, it takes time and patience.
I recommend that you prepare well and follow these five tips.
Originally posted 2022-09-20 13:58:55.
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