Permanent Residence Permit and Citizenship in Malta

Recently, one of the rising trends among Turkish citizens is to obtain a residence permit or citizenship from other countries. Malta, which is a member of the European Union, is among the countries with the highest demand in this sense. This is due to the fact that unlimited residence permit and citizenship procedures are less costly and lasting shorter in comparison to other countries. Considering all this, in our article in this month we want to inform you about the residence permit and citizenship applications in Malta.

1) Malta Permanent Residence Permit

Malta permanent residence permit program provides great benefits to rights holders, allowing them to roam in all Schengen areas. This permission provides the right of residence not only to the right holder but also to family members.

So, what requirements and documents are needed for this residence permit?

First of all, it is necessary to contact with the intermediary institutions working with the Government of Malta and to find out if you fulfill the required conditions. Here, the government's primary policy is to introduce Malta rather than to be an economic one, and to grant residency and citizenship to the people who have not been involved in a criminal offense in the country.

If you meet the criteria for permanent residence or citizenship in Malta, a member of the European Union, the procedures to be performed financially are as follows: First of all, a total of non-refundable EUR 30,000 is to be paid to Maltese government for application. After this payment is made, it is required to lease a property with minimum annual rent of EUR 12,000 and retain it for 5 (five) years.

After the payment made to the state of Malta and the payment for the house to be dwelled in, a “government bond” purchase of EUR 250,000 is required. This is an investment on the basis of government bonds and is repaid to the right holder with the interest to be obtained at the end of 5 (five) years. If you don't want to buy this government bond, you can get a permanent residence permit for yourself, your spouse, financially dependent children and parents in return for a “non-refundable” payment of EUR 75,000. To sum up the financial terms;

  • 30,000 euros to be paid to the Maltese government and a rental agreement with an annual value of minimum of 12,000 euros.
  • You can also purchase a government bond of EUR 250.000 to be refunded in five years or you may have the right to pay “non-refundable” EUR 75.000 Euro with intermediary commissions and interests and then get a residence permit.

In addition to all these, standard documents such as health insurance and income statement are requested.

2) Malta Citizenship

Malta citizenship program is limited to the quotas issued by the government of Malta, and anyone who is at least 18 years of age and has not been subject to a criminal offense can apply.

As a citizen of Malta, you can live in the Schengen area, travel to any of the 160 countries including the USA without a visa, and enjoy all the rights of Maltese citizens.

For this program, the applicant is required to grant a non-refundable € 650,000 to the Maltese government. The program also brings regulation for family members. The applicant's spouses and their children under the age of 18 pay an additional fee of EUR 25,000 per person; children age of 18-26 and parents age of 55 or older EUR 50,000 per person.

The Government initially receives the applications, makes investigations on the applicants, and for this investigation, receives EUR 7,500 from the applicant; EUR 5,000 from spouse, adult child and parents; and EUR 3,000 for children age of 13-18. The family members who are eligible here gain the right to citizenship with non-refundable “grant” mentioned above.

For citizenship, it is required to acquire a property having a minimum value of EUR 320,000 or to lease a property for a minimum annual rent of  EUR 16,000 and retain it for a period of at least 5 (five) years.

There is also a fee of 700 Euros per person for passport and bank fees.

With respect to the subject, our office provides services to Turkish applicants with the contract signed with one of the Government of Malta.

Att. Abide Birsen (Gulel)
 

info@gulelhukuk.com

Yazar : Gulel Hukuk

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