In the modern world, the acquisition of a stable and strong economy residency in the EU assists the investors in achieving their dreams of improved lifestyle and business growth across the world. The number of European countries that provide golden visa programs is high. Some of the most popular residency programs include Greece golden visa program and Malta Residency Scheme.
Malta PR Benefits and Greece Golden Visa: Two Leading EU Residency Routes
Both Mala and Greece offer residency by investment programs for non-EU nationals. Malta offers permanent residency, while Greece offers temporary and renewable residency with a pathway to permanent residency. Each program provides residency options on the basis of investor’s mobility needs, investment preferences, and long-term plans.
Overview of the Malta Residency Scheme
Malta is a country that is characterized by political stability and a peaceful environment (Malta is the Mediterranean island country). The English speaking community is also an advantage to the country, and many investors will find it easy to settle in a new country, Malta, because of no language barrier.
What is the Malta Permanent Residence Programme (MPRP)?
Launched in 2021, the Malta Permanent Residence Program allows non-EU, non-EEA, and non-Swiss nationals to obtain permanent residency through a combination of property purchase, rent and government contributions. The program offers the individuals a chance to work and reside in Malta and enjoy the politically stable environment in Malta. Rich persons with their families relocate to Malta under this program to improve their work and life outside the political and economical crisis.
Malta Permanent Residence Programme Benefits
- The biggest advantage of obtaining the Malta permanent residency is that it offers entry to the Schengen zone of Europe, without the requirement of a visa, including 29 countries.
- Malta Golden visa program allows family inclusion, which means the main applicant can include spouse, dependent children under 29, dependent parents, and grandparents without any age restriction in the application.
- Malta PR benefits also include no mandatory stay requirements for residency.
- Malta permanent residency offers long-term security and access to the country’s healthcare and education systems.
Overview of the Greece Golden Visa Program
Greece, a southeastern European country with thousands of islands, is a favorite destination for many individuals due to its natural beauty and stunning landmarks. The country offers an attractive residency by investment program, also called Greece golden visa, to global investors, allowing them to live and work in Greece.
Why should the Greece Golden Visa be so Interesting?
Greece Golden visa is extremely famous based on its cheaper entry fee and renowned property investment path. Greece hosts investors who will love to spend their life in the country because of the lifestyle, culture and the Schengen Zone.
Greece Golden Visa Cost
The lowest real estate cost of a Greece golden visa begins at 250,000 Euros, but it varies in various regions. In cases like Athens and major islands that have high demand, the investment needed in real estate is 500,000 Euro. Greek residency is provided to individuals with a period of 5 years and is renewable provided the investment is maintained.
Malta PR Benefits vs Greece Golden Visa: Comparison
| Aspect | Malta | Greece |
| Residency Type | Permanent | Temporary |
| Investment Requirements | Buy (€375,000) or Rent ( €14,000) a Property + government contribution | Real Estate Investment (minimum €250,000). |
| Visa-free access | EU schengen visa free access | EU schengen visa free access |
| Family Inclusion | Allowed | Allowed |
The Reasons Why Investors Choose Greece Golden Visa?
The reason why Global Investors choose Greece residency is the lower cost of Greek golden visa and the robust Greek real estate market. The investment choice has gained popularity particularly with those who want to invest due to opportunities of property ownership and rental revenues in Europe.
Which Program is Better?
Choose Malta if you want:
- Short-term permanent residence.
- Long stay with minimum stay requirements.
Choose Greece if you want:
- Reduced minimum investment levels.
- Owning of real estate in Europe.
Conclusion
However, both Malta and Greece have superior provisions to international investors with respect to their residency programs. Malta would suit an investor who wants to acquire permanent residency, long term stability and good economy whereas Greece would suit an investor who wants to have a real estate investment as well as property ownership and lower cost of investing. Investors should be cautious when selecting the residency by investment program keeping in mind their needs.
