Recently, the Malta Immigration Authority released a new policy for the Malta Permanent Residence Program. The new policy cancels the previous government bond investment requirement and adjusts the real estate investment requirements. The adjustments are as follows:
Option: Renting a Property
◆ Government contribution of EUR 98,000;
◆ Donation of EUR 2,000 to a non-profit organization;
◆ Rent a property in the south of Malta's main island or on the island of Gozo with an annual rent of no less than EUR 10,000, or rent a property in the central or northern part of Malta's main island with an annual rent of no less than EUR 12,000, and hold it for 5 years.
Option: Purchasing a Property
◆ Government contribution of EUR 68,000;
◆ Donation of EUR 2,000 to a non-profit organization;
◆ Purchase a property in the south of Malta's main island or on the island of Gozo for no less than EUR 300,000, or purchase a property in the central or northern part of Malta's main island for no less than EUR 350,000, and hold it for 5 years.
The new policy is tentatively scheduled to be implemented from March 29, 2021. Further details regarding the new policy will be known after parliamentary approval and incorporation into the legislation. WorldWay will announce any further news in a timely manner, so please stay tuned.
As the heart of the Mediterranean, Malta has always been a strategic hub and transit point connecting Europe, Asia, and Africa. It is also a four-in-one country: a member of the European Union, the Schengen Area, the Eurozone, and the Commonwealth. In recent years, Malta's permanent residence status has been highly favored by investors. For investors, the immigration landscape is ever-changing. It is recommended that those with immigration intentions choose suitable projects on the market as soon as possible, seize the opportunity, and apply early to cope with the risks of policy volatility! "Immigration should be done early" is not just a saying.
Following the closure of the Cyprus Investment Programme, which allowed for obtaining an EU passport in one step, the new Malta Exceptional Investor Naturalization (MEIN) policy has stricter investment requirements. For investors intending to apply for an EU passport, the paths to obtaining one are becoming increasingly narrow. Looking at the immigration projects currently launched by European countries, the Montenegro Citizenship by Investment Program remains a convenient path to quickly obtain an EU passport!
Currently, among countries with open investment citizenship programs, Montenegro is a leading EU candidate country in the target area for the EU's eighth enlargement plan—the Eastern Enlargement—and may join the EU before 2024. Montenegro's upcoming accession to the EU is clearly documented in the European Commission's new strategic decision—the Western Balkans Strategy! The launch of the Montenegro Citizenship by Investment Program has opened a shortcut for investors to obtain EU citizenship in the future, at which point the Montenegro passport held will be upgraded to an EU passport! For investors, if you missed the Cyprus EU passport program and do not want to spend a large sum of money on the Malta EU passport, then the Montenegro Citizenship by Investment Program will be a convenient way to obtain a future EU passport. Act early and benefit early!
WorldWay Group, one of the Top 500 Asian Brands, has been focusing on investment immigration for over 20 years. It currently offers multiple projects suitable for investors in education planning, identity planning, health planning, and building overseas homes! These include immigration to Canada; US investment immigration; Australian immigration; European immigration and EU passport projects in Montenegro, Turkey, the UK, Greece, Portugal, Cyprus, Spain, Ireland, Malta, etc.; investment citizenship programs in Commonwealth countries such as Saint Lucia, Vanuatu, Saint Kitts and Nevis, Dominica, Antigua and Barbuda, and Grenada; as well as overseas real estate consulting and assistance with overseas settlement.
Currently, it is Canada Immigration Month, and limited-time grand promotions are in full swing. Three major gifts are being presented, with daily red envelope giveaways. The "Million Immigration Plan White Paper" and the "Q&A Manual for Quickly Obtaining a Maple Leaf Card" are available for free. For more offers and details, please consult the WorldWay service hotline. Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
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