Malta, being placed at the heart of the Mediterranean, is a place that Indian families have been yearning to be part of this global mobility, security, and better quality of life. The Malta PR visa for Indian applicants opens its doors to permanent residency so that access to European markets and healthcare, education, as well as visa-free travels within the Schengen Zone are available. But understanding the financial and procedural details is essential before taking the plunge.
If you are looking for the Malta PR for Indian families, this comprehensive guide will enable you to know the costs, requirements, and benefits in advance so that you can be well-informed about the investment into getting PR in Malta for Indian families.
Why Malta PR?
Maltese offers one of the most attractive residency by investment initiatives in Europe. Several factors account for why this program is so attractive for applicants from India:
- Access to Europe: Visa-free travel across Schengen Zone countries.
- Family Inclusion: Your spouse, children, and dependent parents can be included in the application.
- Lifestyle Upgrade: Malta has good healthcare, education, and safety.
- Stable Economy: Malta’s growing economy provides opportunities for business and investment.
- Tax Advantages: Favorable tax policies for residents earning income outside Malta.
What Are the Costs for Malta PR Visa?
The cost structure for the Malta PR visa for Indian applicants involves a combination of contributions, investments, and fees. Let’s take a closer look:
- Government Contribution
A one-time, non-refundable contribution to the Maltese government is required:
- €58,000 if you lease a property.
- €28,000 if you purchase a property in Malta.
This contribution funds national development projects and supports Malta’s economy.
- Property Requirement
You can buy or rent a real estate property in Malta.
- Purchase Option: €300,000 minimum property value. This applies in Gozo or the south of Malta and €350,000 elsewhere.
- Rental Option: From at least €10,000 per year in Gozo or the south and €12,000 elsewhere.
- Administrative Fee
A mandatory administrative fee of €40,000 is payable to process your application.
- Due Diligence Fee
The Maltese government conducts thorough background checks on all applicants.
- €7,500 for the main applicant.
- Smaller fees (approximately €5,000) for dependents included in the application.
- Health Insurance
The applicants are required to have comprehensive health insurance that covers both themselves and their dependents. It typically costs between €300 and €600 per person per year.
- Additional Costs
- Legal and consultancy fees (vary depending on service providers).
- Document translation, apostille, and certification costs.
- Travel expenses for required appointments in Malta.
Eligibility Criteria for Malta PR
Eligibility criteria for an Malta PR visa for Indian applicants have to be satisfied.
- Age Requirement: The main applicant must be at least 18 years old.
- Financial Stability: The applicant must show a minimum net worth of €500,000, including liquid assets of at least €150,000.
- Clean Criminal Record: No criminal convictions are allowed.
- Dependents: The dependents include spouses, dependent children, and also dependent parents.
Application Process for Malta PR
The process of acquiring PR in Malta for Indian applicants is structured but involves several steps:
- Preliminary Consultation: Engage qualified consultants who will assess your eligibility and gather any required documentation.
- Submit your application with an initial administrative fee of €10,000.
- Due Diligence Checks: The Government of Malta does a due diligence check.
- Investment Conclusion: Qualify to buy or lease property.
- Approval: After approval, residency cards valid for five years can be obtained and are renewable indefinitely.
Benefits of Malta PR
There are various advantages to the Malta PR for Indian families:
- Global Mobility: Enjoy visa-free travel across 27 Schengen Zone countries.
- Long-Term Residency: Secure a permanent residency status in a stable European country.
- Family Benefits: Include immediate family members without additional real estate investment.
- Tax Efficiency: Benefit from Malta’s favorable tax system, especially for income earned outside the country.
- Quality of Life: Access world-class healthcare, education, and a safe environment.
Is Malta PR Worth the Cost for Indian Applicants?
The Malta Permanent Residency programme is an opportunity to access Europe for families staying in India and also long-term benefits for generations. Though the entry requirements are stringent, it is the advantages related to freedom of movement, quality living, and financial security that make the programme an attractive choice. This programme specifically appeals to families who aspire for stability, integration in the European structure, as well as access to world opportunities.
Malta’s residency by investment program is particularly appealing for families looking for stability, European integration, and a pathway to global opportunities.
Common Questions About Malta PR
- Can I Work in Malta with a PR Visa?
Indeed, holders of PR Malta are permitted to work and to engage in trade within Malta.
- How Long Does It Take to Get Malta PR?
The processing time is usually 4-6 months after submitting all the required documents.
- Do I Need to Stay in Malta Full-Time?
No, there’s no minimum stay requirement, making this program flexible for Indian families who wish to split their time between India and Malta.
- Can I Apply for Citizenship After PR?
Yes, you can apply after five years of having had PR status, if a few other criteria are met.
How FRR Immigration Can Help
With all complexities going with the Malta PR visa for Indian families, this process must be undertaken by the right expert help. At FRR Immigration, considerable assistance is given to the applicants so that this entire process is hassle-free and flawless throughout.
Our Services Include:
- Personalized Counseling: Solutions are individualized according to the needs of the family.
- Documentation Support: From gathering documents to compliance checks we do it all.
- Investment Advice: Assist a home-buyer to find an ideal property to live in.
Want to know about PR in Malta for Indian families? Look no further than FRR Immigration. Contact us today and get started!
