Malta is an ideal choice to make your second home because of many reasons. The island has a safe environment, a pleasant climate, and welcoming English-speaking people. Malta has many benefits to offer to those individuals who want to acquire a residence in the country. You can benefit from the Maltese advantageous tax regime and competitive living costs.
Many Malta residence schemes are available to both European and non-European overseas people. These residency programs include the Ordinary Residence Scheme for EU/EEA nationals. The qualifying criteria for Malta Ordinary Residence vary according to the origin of the individuals seeking to obtain residency in Malta. It is usually easy to compile with the qualifying criteria and make the attainment of Ordinary residence in Malta more attractive.
There are varied grounds for EU/EEA to become ordinarily resident on this tiny island. These include education and startup of a company, economic self-sufficiency, and employment. The Malta Ordinary Residence requires you to live on the island for six months or more. There are usually no minimum value requirements for investing in property to obtain Malta residence under this scheme. However, some individuals may need to meet the requirement if they need an Acquisition of Immovable Property (AIP) permit.
Applying for the Uniform Residence Permit, you need to reside in Malta for six months. Once you become a resident in Malta, you can take up employment and do business on the island. Since Malta is a part of the EU and the Schengen zone, it allows non-EU nationals to travel throughout the region without requiring a visa after obtaining a residence permit. As an ordinarily Maltese resident, you can also convert to any of the available Malta residency schemes.
EE/EEA national and want to acquire Maltese residency under Ordinary Residence Scheme, visit papilioservices.com/residence/ to find out eligibility criteria and start your residency application process with the help of an expert legal team.