The sunny, picturesque Republic of Malta attracts tourists and people in business from all over the world. They see excellent prospects for themselves here and try to move to this tropical country together with their families. Being a member of the European Union, the island state offers foreigners favorable conditions for doing business, numerous benefits, loyal taxes, prospects for development and expansion, and much more. But before you start collecting and preparing documents for Malta Permanent Residence, you should study the requirements for applicants, ways of relocation, and the steps to achieve your goal. The specialists of an Immigration agency can help you with this. You can find more details on immigrantinvest.com.

Understanding Malta PR

The question of how to get Malta Permanent Residence is interesting for many people. An investor must live in the state for five years to apply for this status. This status is given permanently but requires renewal every five years. The fastest way to move is through an investment program. But for this, you need to meet specific requirements that the authorities of the island state provide to its potential citizens.

Eligibility Criteria for Maltese PR

The following items must be met for Malta Permanent Residence obtainment: 

• be of legal age;
• be an honest taxpayer;
• not be under sanctions in different countries of the world, including the EU;
• have no criminal record;
• prove the legality and stability of your income;
• reside on the island for at least 5 years;
• be ready to invest in the economy of the country in appropriate amounts.

You will also have to write a cover letter indicating the purpose of your stay on the territory of the Republic and provide a local health insurance policy.

These simple requirements will help you obtain the coveted passport of the island state and enjoy all the privileges of a citizen of Malta. You can also bring your closest relatives: spouse, children, and parents. As the expert of Immigrant Invest agency Elena Ruda points out, wealthy people often use this opportunity to develop and expand. Still, they cannot break through the ceiling of opportunities in their country. 

Process of obtainment Malte PR

Malta PR obtainment process includes such step-by-step actions:

• consultation with an agent and preparation of documents;
• applying for a long-term visa (D visa);
• comprehensive verification of documents and information from the applicant;
• approval from the Republic authorities;
• making investment;
• obtaining the desired status.

Let’s consider them in more detail, especially since delegating some of them to the agency’s specialists would be logical. They will quickly and efficiently help you prepare for the next step to ensure a positive result for you as a client.

Step 1: Initial Consultation and Preparation

The first step is to apply for a long-term visa. You can do this at the nearest Maltese embassy in your country. This document will allow you to enter the country. Consultation is available by appointment, so please note this and make an appointment in advance.

Step 2: Application Submission

A complete list of all required documents is a prerequisite for applying. Just one missing document can lead to visa denial. A licensed agent can help, so don’t refuse qualified assistance. You must collect the documents, translate them into English, notarize them, and fill out the application forms. It will be challenging to do all of this on your own, so the support of a professional will be invaluable.

Step 3: Application Review and Due Diligence

Once the documents have been submitted, the applicant will undergo a comprehensive review (within one day) and Due Diligence, which takes from 4 months to 6-8 months. Since the authorities are very scrupulous in checking each potential investor, you should provide only accurate information about yourself and your family members.

Step 4: Approval and Investment

After verification and approval, you can move on to the financial question. You can invest in residential or commercial real estate or buy or rent a home. You must also pay several fees and contribute money to a local charity. Another expense item is the charges for each relative who wishes to move legally to the EU island state with the applicant.

Step 5: Receiving PR

At the final stage, the applicant will get a PR card valid for 5 years. It is available directly in Malta or by post to a specified address in your country. The main stage is now complete.

Conclusion

Now you are familiarized with the process of obtaining Malta PR for nigerians and citizens of other countries and can start preparing: get ready for consultations, collect the necessary documents, and look for objects for investment. It is recommended to contact specialists for legal support. The agency will provide you with information support and help you with the whole process. Provide yourself and your family with a promising future in the EU country and permanently enjoy all relevant privileges for work, study, and a comfortable life.

To quickly and calmly solve the problem, seek help from specialists in this field. Professionals know all the specifics, which will help to avoid many questions in the process of paperwork. Obtaining such citizenship is your ticket to a new and happy life.