Business Weekly of Malta Independent published on August 29, 2013:
Leader: New Maltese residency scheme coincides with stricter Schengen visa process
The launch of a new residency scheme for foreigners owning property in
Malta has been launched in the same week that saw stricter requirements
for Schengen visa applications, a coincidence which might boost Malta as
a destination for South Africans seeking dual residency status.
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| At St. George's Bay © 2013 Seven Beland |
On 1 June, the Maltese government announced a new residency scheme,
known as the Malta Global Residence Programme, to replace the existing
High Net Worth Individuals Tax Residence Scheme.
The new scheme seeks to attract economically self-sufficient
expatriates looking for an alternative residence base in a European
country.
It is particularly attractive for those holding passports issued by
other than EU or EEU countries, such as South Africa, wrote Mel Roberts...read on.
