By Harvey Law Group
In the early 1960s, tourism in Malta soared as more people around the world started showing interest in the country. Today, tourism is responsible for 12 percent of Malta’s gross domestic product (GDP).
What’s the reason for the increased interest? Malta’s capital, Valletta, is a UNESCO Cultural Heritage Site. But apart from the Instagram-worthy ancient cities, breathtaking beaches, amazing cuisine, and year-round sunny weather, there’s another reason why more and more people, particularly investors, are visiting Malta in recent years.
Malta Citizenship By Investment
Investors who want to acquire a Golden Passport or a Golden Visa are looking into Malta’s Individual Investor Program. Malta offers both to successful applications—a Permanent Residency and a Citizenship-By-Investment program. The latter offers investors the chance to gain Maltese citizenship as well as a European Union citizenship, by extension. What’s good to know is that family members and future generations (by descent) can be part of the program. Also, Malta is the only Citizenship-By-Investment program that grants Visa-free access to the US.
An investor can be part of Malta’s Individual Investor Program by:
- Making a non-refundable contribution of at least €650,000 to the National Development and Social Fund.
- Making a real estate investment of at least €350,000 or leasing a property worth at least €16,000 for a minimum of five years.
- Investing at least €150,000 in government-approved financial products for a minimum of five years.
Getting To Know Malta
If you want to break free from the invisible barriers of your current passport, applying to Malta’s Individual Investor Program could be the adventure of a lifetime. If you’re planning that shift soon, why not visit Malta first for leisure? Here are 6 things you need to know about the country if you’re visiting for the first time.
1. Sizzling Summer
We’re not just talking about the scene in white-sand beaches during the summer season. Summers in Malta can be very hot, around 35°C on average for weeks. Typically, the country enjoys 300 days of sunshine yearly, which is great if you’re a sun worshipper.
2. Experience The Festa
Similar to the Philippines, each and every Maltese town and village celebrates its patron saint with weeklong festivities. The culmination of these activities is called the festa or feast day. During a festa, people enjoy music, food, and fireworks display. The villages of Qrendi, Żurrieq, Għaxaq, Mqabba, and Gudja in the southern part of the island are known to be the most competitive when it comes to festa.
3. Maltese Speak English
Maltese is both the national and official language of the country. English is considered the second official language. Visitors, expats, and soon-to-be residents won’t have a problem communicating. In school, most Maltese learn a third language, which is often Italian.
4. Tap Water Is Safe To Drink
More often than not, tourists spend an insane amount of money on bottled water when traveling. But not in countries wherein tap water is safe to drink, including Malta. It’s important to note that even after a desalination process, the tap water in Malta, while safe to drink, still tastes a bit salty.
5. Traveling By Bus
If you want to travel to any point on the island, you can go by bus, which is way cheaper than traveling by car. However, it is good to point out that Malta loves cars. In fact, approximately 50 new car licenses are issued every single day in Malta.
6. Popeye Lived In Malta
Of course, not in real life. Rather, the pirate’s village in the 1980 American musical comedy film Popeye was set in Malta. Directed by Robert Altman, the film starred Robin Williams as Popeye and Shelley Duvall as Olive Oyl.
Get Your Golden Passport In Malta!
For successful applicants, you’d be surprised how fast it is to get a second passport. If you want to get your Golden Passport from Malta, and therefore becoming a European, contact your Harvey Law Group representative.
Mr. Samuel Harvey
Harvey Law Group
Edits: Kath C. Eustaquio-Derla
About Harvey Law Group
HLG is a leading multinational law firm specializing in corporate law and investment immigration with a worldwide reputation for representing high-profile clients and corporations, with over 19 offices worldwide. As the top immigration law firm, HLG offers the most comprehensive residency and citizenship programs available to date. HLG was awarded for Immigration Law Firm of the Year at the 13th and 16th annual Macallan ALB Hong Kong Law Awards 2014 and 2017.