- Record Residency Numbers
- Over 33,400 foreigners received residency in Malta this year.
- This marks a significant increase compared to previous years.
- Major Contributing Factors
- Attractive tax benefits and high quality of life.
- Strategic location in Europe.
- Residency Programs Popularity
- Malta’s Citizenship by Investment Program draws interest.
- Digital Nomad Visa and Golden Visa also popular.
- Diverse Applicant Backgrounds
- Applicants from EU and non-EU countries.
- Many come from tech, finance, and healthcare sectors.
- Government Initiatives
- Simplified application processes.
- Enhanced digital platforms for smoother applications.
- Economic Impact
- Boost in real estate demand.
- Increased consumer spending by new residents.
- Challenges and Criticism
- Concerns over housing affordability.
- Critics argue about potential strain on public services.
- Residency Benefits
- Access to Schengen area travel.
- High-standard healthcare and education.
- Future Projections
- Government expects continued growth in residency numbers.
- Plans to refine residency policies further.
- Application Process Overview
- Online submission with necessary documentation.
- Processing time ranges from 2 to 6 months.
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