Malta has become a top destination for high-net-worth individuals. Julia Loko, Investment Programs Expert at Immigrant Invest, outlines how to relocate to Malta, why Malta is the best choice for moving, focusing on its strategic advantages, favourable climate, safety, business opportunities, and the process of obtaining Malta citizenship by naturalisation for exceptional services by direct investment.
Membership in Schengen Area and the EU
Malta is a member of both the Schengen Area and the European Union. This means that residents enjoy visa-free travel across 29 European countries. This convenience is a major benefit for frequent travellers and businesspeople.
Passport power is spreading to 169 countries allowing Maltese citizens travelling to many attractive destinations including the US, Japan and Singapore.
Membership in the EU grants Malta economic and political stability, fostering a secure environment for investments and business activities. EU regulations offer a protective legal framework for both businesses and individuals.
Belonging to the EU provides Malta with access to a market comprising over 500 million people, offering substantial opportunities for businesses seeking to grow or establish themselves in Europe.
Climate
Malta enjoys a Mediterranean climate with over 300 sunny days a year. Winter temperatures rarely drop below +10°C, providing mild and comfortable weather. Summer temperatures often reach +30°C and above, bringing hot and dry conditions that are perfect for beach activities and water sports.
The warm climate promotes an active lifestyle. Residents can enjoy water sports, hiking, and other outdoor activities year-round. This contributes to physical well-being and overall happiness.
The favourable weather also makes Malta a popular tourist destination. This boosts the local economy and provides plenty of recreational opportunities for residents.
Safety
Malta is known for its low crime rate, making it one of the safest countries in Europe. This is a major consideration for families with kids seeking a secure living environment. The Maltese government places a strong emphasis on community policing. This approach ensures that law enforcement is visible and accessible, further enhancing the sense of safety.
The stable and safe environment in Malta is also beneficial for investments. Property investments, in particular, are seen as safe and profitable due to the low crime rate and economic stability.
Business Opportunities
Malta offers a business-friendly environment with numerous incentives for businesses. The government actively supports new enterprises and foreign investments.
Key sectors in Malta include:
- Financial services.
- Gaming.
- Technology.
These industries are thriving and offer numerous opportunities for entrepreneurs and investors.
Malta has a highly educated and multilingual workforce. This makes it easier for businesses to find the talent they need and ensures smooth operations.
The Maltese government offers regulatory support for businesses, ensuring a transparent and efficient legal framework. This simplifies the process of starting and operating a business, instilling confidence in investors.
Malta organises a variety of business events, conferences, and networking opportunities. These gatherings unite professionals from different industries, fostering valuable connections and insights for business development.
Education and healthcare
Malta has a high-quality healthcare system that is accessible to all residents. The country’s healthcare services are known for their excellence, providing peace of mind to those considering relocation.
Malta boasts a developed education system with numerous reputable schools and universities. This is particularly important for families with children, ensuring that they receive a quality education in a safe environment.
How to Move to Malta and Obtain Citizenship
Malta citizenship by naturalisation for exceptional services by direct investment requires a combination of investments and donations to Maltese entities:
- A contribution to the National Development and Social Fund of €600,000.
- A charitable donation of €10,000.
- Renting real estate for 5 years for €16,000 annually or purchasing one for €700,000.
The application process for citizenship requires careful preparation. Applicants must gather all necessary documentation, pass Due Diligence checks, and fulfil the investment requirements. Obligatory cooperation with a licensed agent simplifies this process.
The cost of living is relatively low compared to other European countries, making it an attractive place to settle.
There are also two residency programs available in Malta — the Malta Permanent Residence Programme (MPRP) and the Global Residence Programme, which are popular choices for high-net-worth individuals. These programmes offer various benefits for Malta residents.
Malta permits dual citizenship, enabling you to keep your original nationality while reaping the benefits of Maltese citizenship. This flexibility is especially attractive to high-net-worth individuals who wish to maintain their business and personal connections in their home countries.
Conclusion
Malta offers a high quality of life and numerous advantages for high-net-worth individuals. The process of relocating and obtaining citizenship is straightforward, making Malta an attractive choice for those looking to move abroad.
Whether you are looking to expand your business, secure a safe and pleasant living environment, or enjoy the benefits of EU membership, Malta is the perfect destination.
