Maltese immigration fee – the latest information 2021
Malta is known as a beautiful island country with a peaceful living environment, located in the heart of the Mediterranean. Malta annually attracts a large number of immigrants from all over the world. Therefore, the Malta immigration fee is also a topic of great interest to investors.
Malta – the most livable island in Europe
Malta is one of the smallest countries in the EU by area. However, Malta possesses an extremely strategic location, considered a trade gateway to Europe. The climate is mild all year round, influenced by the typical features of the Mediterranean region. Malta is also the 2nd safest country in the world, less affected, and able to cope with natural disasters. Saying Malta is the most livable island in Europe because of the great things Malta has to offer is much more than that.
The current top medical system
In Malta, healthcare is highly valued. The health system ranks 5th on the World Health System Rankings published by WHO. Both public and private hospitals are equipped with the latest and most modern machinery. Malta has always been a pioneer in medical examination and treatment along with a developed science. The Government of Malta wants to provide patients with the best care, treatment, and recovery services. In particular, all Maltese citizens with a European health insurance card will receive free medical treatment at Government-funded hospitals and clinics during their stay.
British standard education
Malta owns an education system and curriculum according to British standards. Overall, tuition fees in Malta are only a third of what they are in the UK but the quality of education is the same. Maltese citizens will be exempt from tuition fees from the age of 5 until the end of high school. Here, children are always guaranteed to develop in the best learning environment.
The Maltese economy has been growing continuously for many years. In 2017, Malta had a record growth rate of 6.9%. Malta is seen as having the potential to become the most prosperous country in the region. Malta’s GDP has always been high. According to statistics in 2018, the total GDP of the country is 22.8 billion USD and the GDP per capita is 48,246 USD. Malta is also the only country in the world that belongs to four economic blocs: the EU, the Eurozone, the Schengen Area, and the Commonwealth.
Maltese immigration fees
In general, the standard of living in European countries is quite high, but the quality of life here is very good. The fee to settle in Malta is 2.8 times higher than in Vietnam. According to numbeo.com, there is disparity information as follows:
- Consumer prices in Malta are 96.5% higher than in Vietnam (excluding rent)
- Consumer prices including rent are 106.51% higher in Malta than in Vietnam
- Rent in Malta is 137.42% higher
- Grocery prices in Malta are 68.15% higher
- Domestic purchases in Malta are 48.52% higher
However, this settlement fee is insignificant compared to the source of income of Maltese citizens. According to statistics, a Maltese citizen can earn 6.1 times higher income than citizens living in Vietnam. Specifically, GDP per capita in Vietnam in 2017 was $6,900 while in Malta it reached $41,900. As can be seen, in Malta citizens will always be guaranteed a full and comfortable life.
Malta Permanent Residence Program (MPRP)
This is a settlement program in the form of investment that is quite suitable with the wishes of many investors today. The Malta immigration application process is also very clear and the processing time is only 8 months. This is considered one of the advantages that have attracted many investors to Malta.
Investment fee to settle in Malta
The budget to participate in the investment program from €500,000 of which a minimum of €150,000 is the main asset. Investors will pay a non-refundable Government administrative fee of €40,000. In addition, applicants need to contribute €2,000 to a local charitable, cultural, scientific, sports, or animal welfare NGO. And investors can invest in 1 of 2 ways:
– Purchase of real estate €300,000 in the South Malta/Gozo area or €350,000 in the remaining regions and contribute €28,000 to the Government
– Rent property from €10,000/year in South Malta/Gozo area or €12,000 in the rest areas and contribute €58,000 to the Government
All official information of the Government of Malta about the Mala Permanent Residence Program 2021, investors can see HERE.
- Benefits of becoming a permanent resident of Malta
A citizen of the Republic of Malta will enjoy visa-free travel to more than 180 countries around the world. Countries include the United Kingdom, the EU, and the United States. In addition, permanent residents of Malta also enjoy all the benefits for EU citizens such as social security, health care, education policies. In Malta, citizens are also supported by tax policies. with many incentives from the Government.
In general, the fee to settle in Malta is not too expensive compared to the quality of life that this country offers. Therefore, it is not difficult to explain why Malta attracts so many immigrant investors to live and work here.
To learn more about the Malta Permanent Residence Program (MPRP), please contact us at Portico & Bridge. With a team of more than 50 professionals worldwide, we are happy to assist you. Call us now at 0909.898.758
At PORTICO & BRIDGE, “Your Children We Care”.