Malta
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Malta is an island located in the Mediterranean to the south of Italy. It’s an ideal location for businesses with interests in Africa, Europe or Asia and a Malta visa offers a wonderful way of life for families, owing in part to the warm climate, a wealth of attractions and a healthy calendar of events all year around. The country has been a member of the European Union since 2004 and is part of Schengen since 2007. Maltese citizenship grants access to all investment opportunities in Malta and throughout the European Union.
Malta Citizenship by Investment
The Malta Individual Investor Programme (MIIP) is particularly aimed at ultra high net worth individuals and requires a minimum contribution of €650,000 to the national development fund set up by the government, invest €150,000 in government approved financial instruments and commit to a residence in Malta, either rent or purchase, for a minimum of 5 years. The property value for purchased real estate needs to be a minimum €350,000 and for rental a commitment of €16,000 per year is required. In addition to this, each family member must also contribute a sum of €25,000 to the development fund. The programme leads to a Maltese second passport after one year and in turn grants EU citizenship.
Malta Permanent Residency
Malta also offers an indefinite residency programme for international investors who offer an investment of at least €250,000 in Maltese government bonds or equities for a period of 5 years. In addition to this, the investor must also make a €30,000 contribution to the State Fund of Malta and purchase or rent a residence on the island. The programme offers a stable and low risk investment route to gaining a residency in an EU country.
How can we assist?
Our global citizenship lawyers at City Legal have immense experience in assisting investors in obtaining second citizenship and have been working with wealth managers, leading banks, Investment management and real estate companies in Malta to facilitate this at ease. We are a multi award winning law firm and pride ourselves in being approachable, innovative and always going that extra mile to make sure our clients receive the individual attention they deserve. Our Immigration team maintains a high reputation and is committed to provide clear, transparent and reliable advice to our clients.
Frequently Asked Questions
The maximum duration of Tier 2 General visa is upto six years unless an exemption applies. Individuals may apply for Indefinite Leave to Remain after spending 5 years under this category, if they meet all other requirements.
Any individuals granted with Tier 2 general visa cannot have recourse to public funds and can only work for their sponsor in the job as described on the CoS. Voluntary and supplementary employment are permitted. Individuals with this leave can also study as long as it does not interfere with their main job. Individuals granted with a Tier 2 leave can undertake supplementary employment of no more than 20 hours per week in the same profession and level as their main job or on a profession under the shortage occupation list. This must be outside of their normal working hours.
Tier 2 Cooling off period refers to the 12 months period applicants have to wait before they can apply for a Tier 2 visa again to re-enter the UK. This triggers when an individual was previously sponsored under Tier 2 by any employer in the UK, and they have left the UK and their visa lapsed or expired. There is an automatic refusal failing to adhere to the cooling off period.
The minimum salary requirement is set out by the relevant SOC codes. The common SOC code used is 2444 Clergy and the minimum salary requirements or this SOC code is of national minimum wage requirements.
The new PBS skilled worker visa will not apply to any EU nationals living in the UK by 31 December 2020. EU nationals and their families are eligible to apply under EUSS scheme up until 30 June 2021 and employers may continue to accept Passports and National ID cards as evidence of right to work up until 30 June 2021. All EU nationals who enter the UK to work from January 2021 will need to apply for permission in advance.