Malta a European Union country is a Mediterranean archipelago located below Sicily, Italy. The country consists of three islands: Malta, Gozo, and Comino.
Malta is the commercial hub, and the largest island in terms of geography and population. Gozo is the second largest island, and is known for traditional crafts and agriculture. Comino is the smallest island but is popular for tourism.
The capital of the country is Valletta, which is also a World Heritage Site as recognized by UNESCO. Malta has Maltese and English as its official languages. Italian is another language generally spoken there.
Malta’s residence permit allows you visa free access to 26 Schengen states, as it is part of the Schengen Area. It is one of the safest countries in the world, and has political and economic stability.
Malta has a Visa Programme called the Malta Residence and Visa Program (MRVP)
Under this program, applicants are required to contribute EUR30,000 to the government of Malta, once the application is approved. However EUR5,500 from the EUR30,000 are to be paid as an advance government administrative fees. This contribution covers their spouse/ partner, any dependent children, and dependent parents and grandparents. Once the application is approved, each dependent has to pay EUR 5,000.
Furthermore, the applicants are required to purchase property worth EUR 320,000 (EUR 270,000 in South Malta or Gozo), or a rent a property of EUR 12,000 per year (EUR 10,000 in South Malta or Gozo).
Once the application is approved, the main applicant is required to invest EUR 250,000 in government bonds, which are to be kept for a minimum of 5 years.
The main applicant can include his/ her dependents who can be spouse/partner, children, parents and grandparents