To get into Malta, Indian citizens will have to follow the general rules about visas. The Schengen visa is a short-stay visa for Malta. It can be used for up to 90 days and can be renewed.
Why migrate to Malta
People from other countries who want to move to this country can get a lot of benefits from living there. Malta is a good place for Indians and other foreigners to live because it has a low crime rate, a stable and growing economy, and the chance to make investments and grow a business in a great setting. Here are some facts and numbers that you might find interesting about Malta’s economy and population:
It is a good place to do business because it is ranked 88th out of 190 economies in the world by the World Bank’s 2020 Doing Business report. There are more than 31,000 foreign companies set up here. The total FDI stock for 2018 was about USD 206 billion. In 2019, there were about 3,200 Indian citizens living here. You can get this status if you invest at least 600,000 EUR or buy a house.
How to get a visa
Since 2007, It has been a member of Schengen. This means that non-EU/EEA citizens can also freely travel to other Schengen countries. Indian citizens can do the same thing, and here are the main rules for getting a visa:
- A standard application form must include personal information.
- Travel medical insurance with coverage of at least EUR 30,000 is required.
- A passport must be valid for at least 3 months before arrival here.
- The visa cover letter must include the purpose of the visit and itinerary in Malta.
- Proof of civil status is required.
- Bank statements must show funds of at least EUR 48/day.
- Proof of accommodation is required.
Here are some of the most important requirements and requests that an Indian citizen must meet when applying for a visa to this country.
A residence permit in Malta
After you get a visa to enter this country, you still have to do other things, like get a residence permit, which can be temporary or permanent. The Maltese residence permit will be given to you based on how long you plan to stay in the country as an Indian citizen. If an Indian wants to stay here for more than 3 months, they need this kind of paper. Here are some examples of Maltese residence permits:
- The temporary residence permit is for people from India who want to go to Malta to study.
- People who want to work in Malta can get an ordinary residence permit.
- The permanent residence is for Indians who have already lived in Malta for 5 years.
EU citizens and people from outside the EU who want to move to Malta can both get residency there. Those who are interested can get the residency they want by making investments of at least EUR 500,000.
MIIP program
The Malta Individual Investor Program (MIIP), as it is known, lets Indian citizens do business in Malta, become citizens, and get a second passport with a number of important benefits, such as the right to travel freely in more than 160 countries around the world. The MIIP application isn’t hard to fill out, but it’s important to know that the Maltese government has the power to check people from India who want to move to Malta through this program through Interpol and the International Criminal Court. As part of the application, you also need a certificate from the police. In terms of investments, Indians who move to Malta must buy a property worth at least EUR 350,000 or rent a house for at least one year with a lease of EUR 16,000 to join the Malta Individual Investor Program. Indians can take part in the whole program with their whole families, but they must make separate contributions for each person. If you want to join MIIP, you need to fill out an application at least a year and four months before you arrive in Malta here.
