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Moving to Malta
Malta – the Southern European island country, is set at the heart of the Mediterranean, south of Italy and north of Africa. It is considered as one of the smallest countries in the world with a population of just 437,000 and covers just over 316 km2 (122 sq mi).
Life in Malta is mostly very slow-paced and tranquil yet packed with interest. The attraction lies in the relatively relaxed way of living, affordable cost of living, as well as the country’s rich and diverse historical background. Usually, all those who move to Malta fall in love with its natural beauty, architectural gems and the Mediterranean lifestyle that permeates life on the island. Many are also attracted by the various successful industries that are flourishing in Malta such as the gaming and financial services industries.
Benefits of Moving to Malta
Having a pleasant Mediterranean climate and ranked as the second safest place to reside worldwide, Malta is an ideal place to take up residence in Europe. Moreover, the top reasons offered by Malta are the competitive cost of living and advantageous tax regimes that offer attractive benefits.
Below are additional reasons why individuals, families and corporate employees should choose to move to Malta:
- High standard of living whilst costs are relatively low;
- Stable property market;
- Superb Mediterranean climate with 300 days of sunshine a year;
- Packed with diverse and colorful history, culture and entertainment options;
- A safe country with very low crime rate;
- English is an official language and is widely spoken;
- Taxation is very attractive due to “tax refund” schemes;
- Financial and political stability;
- Infrastructure is abundant and very well connected;
- High standards of healthcare facilities are highly accessible;
- Excellent standard of education.
Our Malta Immigration Services
Our extensive resources and experience enable us to help individuals, families and corporate employees who wish to move to Malta. We provide personal and professional assistance on relocation or residency in Malta that makes the process as smooth, seamless and stress free as possible.
The vast range of immigration services include corporate relocation and management services, such as:
- Citizenship and Residency Programmes;
- Real estate services and property management;
- Office space rental;
- Bank, business and trade licensing;
- Tax registration and tax compliance;
- Work Visa and residence permits;
- Recruitment and other HR services;
- Schooling, insurance and healthcare;
- Concierge services;
- Relocation consulting support services;
- Opening bank accounts;
- Legal and tax rules advice;
These relocation services are also available to a variety of corporate clients including investment funds companies, online and gaming companies, energy generation companies, IT call centres, film production companies and aviation companies.
We Can Help. With Over 30 Years in operation and a talented team of 80+ highly skilled and motivated professionals, CSB Group has become a leader in Immigration and Relocation Services.
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The Government of the Republic of Malta, as of 2013, allows a Third Country National and their dependents to acquire Maltese Citizenship through the Malta Citizenship by Investment Programme. Being a member of the European Union and part of the Schengen Area, Malta offers visa-free travel to more than 160 countries including the US, and citizenship can open the doors to living, studying and working elsewhere in Europe. Once granted, the individual may reside, settle and stay in Malta indefinitely.
The applicant must invest a minimum set value of property and financial assets in Malta which have a 5-year lock in period from the date of issuance of certificate, and must contribute fixed funds to National Development and Social Fund which is considered as non-refundable administrative fee. The processing period usually takes around 12 months, after which the applicant has all the rights and would reap the full benefits of being a Maltese citizen.
Please note that this programme was available up till end of September 2020. No applications are currently being accepted. As announced by the Malta Parliamentary Secretary for Citizenship and Communities on the 3rd of July 2020, the Malta Citizenship by Investment Programme has been replaced by a revised programme. From the 20th of November 2020, the new Malta Citizenship by Direct Investment regulations were published. They are formally known as “Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment”, but commonly referred to as the “Maltese Exceptional Investor Naturalisation” (MEIN) procedures. More information will be provided soon.
Benefits of Malta Citizenship
Malta offers applicants of good standing the possibility to acquire a Maltese Second Passport under the Malta Individual Investor Programme (IIP). Below are the other key benefits:
- Visa free travel to more than 160 countries in the world;
- Easier access to the Schengen area;
- Tax planning benefits;
- Living in a stable financial and political system;
- Enjoying a good quality life;
- Access to a country with sound tourism and financial sectors;
- Enjoying state of the art health care;
- Benefitting from better and high standards of education;
Apart from these benefits, Malta is a European Member State therefore meaning that by the acquisition of Maltese Citizenship, one acquires the rights of citizens of the EU including the right to work, live and reside freely in the 28 Member States of the EU.
Working in Malta
Malta has become a focus of investment from overseas, as companies and organisations, both large and small, set up shop on the island to benefit from the many financial incentives it has to offer. Generally, Malta has one of the lowest unemployment rates in Europe within its various sectors. There are more than 25,000 EU and non-EU nationals who are currently working in Malta. EU citizens, member states of the European Economic Area (EEA) and citizens of Switzerland, do not require any work permit to work in Malta. However, non-EU/EEA and non-Swiss nationals would need to obtain a work visa from Identity Malta.
Work Permits and Visa
Work Permits issued by Identity Malta are required in order to work in Malta legally and are applied for by the employer, not the job-seeker in case he/she is still abroad. The processing period is approximately 6 to 8 weeks. A letter of notification will be sent to the employer when the application is rejected or approved.
Work permits are non-transferable meaning that an employer cannot transfer a licence from one worker to the next should the first one leave the job prematurely. Additionally, if an employee decides to leave a job early, their licence immediately expires and they cannot work under another employer with the same licence. Usually, a work permit is valid for one year from the date of issue and can be renewed through an application of renewal, paid fee and evidence of payment of insurance and national tax.
Real Estate in Malta
Malta has a wide selection of high-end residential and commercial real estate market for sale and for rent throughout the islands. Luxury realty brands are also available in Malta aimed towards attracting high net-worth international buyers into Malta, and to further promote the island’s wealth in heritage, history, art, culture and Mediterranean lifestyle.