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    Correct & Objective Understanding Of Malta Residency & Visa Programme

    2016-12-21

    Sine ‘Malta Residency & Visa Programme (Hereinafter as MRVP) Launch Ceremony in Greater China Region” had been successfully held in Beijing JW Marriot Hotel, November 21st, 2016, this brand new, attractive and competitive investment immigration project of a well-developed European country, has won wide recognition and preference of hundreds business partners and institutes.
    This is a newly launched project, our business partners still need time and further training to establish thorough understanding of it. During this period, we discovered that some of our potential clients are having some misunderstanding of knowing the project.
    Therefore, it is necessary to clarify and analyze MRVP project from a correct and objective point of view by reviewing Malta official immigration act & authoritative data.

    First of all, applicants who successfully went through the whole application process of MRVP project, and got the Malta residence identity signed by Identity Malta will be entitled to the right of reside, settle or stay indefinitely in Malta.
    Identity of MRVP project will be permanently valid by renewing the identity card every 5 years. The original parts of articles inside the corresponding regulation are as follow:


    Besides, we could also find the regulation, which clearly defined the amount of ‘Qualified Investment’ for applying MRVP project:

    Malta government officially released the latest regulation of MRVP project—‘Immigration Act’, which is also called ‘L.N. 288 of 2015’ at August 28th, 2015 and announced all the detailed information of this program.
    MRVP requirements of ‘Qualified Investment’ are as follow:

    The act has specifically pointed out that the investment amount for main applicant is 250000€; Shortly after that, Malta government released official guideline and Q&A document for providing supplementary and comprehensive explanations of the new act for this project:

    Malta government thoroughly explained the articles of the ‘L.N.288 Act’. The main applicant of MRVP project shall invest in 250000€Malta government bonds and keep this investment for 5 years.
    Please be noted that, the ‘government bonds’ mentioned in the act, means the standardized government bonds published by the Central Bank of Malta, which got full ‘A’ rating from top 3 most authoritative international rating agency: Fitch Rating, Standard & Poor and Moody.
    Meanwhile, the main applicant also needs to satisfy the requirement of holding Malta property, which is explained in the act as follow:

    If applicant chooses to rent a property, the rental cost could be lowed to 10000€/year. The relative articles are as below:


     

    If applicant chooses to buy a property, then the lowest cost of property investment will be around 270000€. Please find the correspond articles below:

    In conclusion, the lowest qualified investment for applying MRVP project will be:
    250000€ for government bonds investment + 50000€/5 years for property rental = 300000€.
    Besides, another biggest advantage of MRVP project is the feasibility of immigrating 4 generations of family members by 1 investment.


     

    The legal spouse of the main applicant, and their children who are under 18 years old and between 18 to 26 years old, single and economically depend on parents are all eligible as qualified applicants.
    Father/mother and grand father/mother of main applicant and his/her legal spouse are also eligible to apply together as dependent applicant for MRVP identity.

    After clarified & clearly understood the act of MRVP project, lets have overall understanding of Malta national advantage:

    Living Standard:

    Malta stands at 2nd place of the ‘Expat Destinations: The Top Ten for 2016’ ranking published by Inter Nation.

    Education:

    The official language of Malta is English, which is rare to be seen in the Europe nations. The popularizing rate of English in Malta stands at 7th place globally. During it’s approximately 165 years period of colonial domination by Britain from 1800 to 1964, Malta fully adopt British education system and heritage, which also resulted in full English education environment in Malta.

    In Malta, education content, method and mechanism for entering higher education are all continued and referenced the tradition of British education. English study environment makes Malta education can be seamlessly connected and communicated with world wide advanced education system.
    Serious and meticulous attitude towards study & education will be taught from pre-school period to the college education. Relatively moderate and competitive cost of receiving high quality and standard education in Malta, already attracted thousands of students came from European & North American countries to enjoy pure British education here.
    Normally, the tuition fee for primary & middle school education in Malta private or international schools will be lowed to 2000-3000€/year.

    Working & Doing Business:

    The annual economic growth of Malta in 2015 was 6.4%, ranked at 2nd place in EU nations, which pushed per capita GDP up to 23433$. Currently, Malta is enjoying well-developed and stable state economy and low unemployment rate—4.7%, which is lower than EU average level at 8.6%. (August 2016)
    Even if whole EU are suffered from high unemployment rate environment for long time, Malta could still keep it at relatively lower standard, which is slightly fall behind of Germany.


    Besides, Malta is a Non global taxation country, which already signed the agreement with world wide over 75 nations and regions (Incl. China), to ensure taxpayer will not be double taxed by different countries.
    Relatively loose taxation policy and competitive enterprise tax rebates regime will ensure company tax can be lowed to 5%. 

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