With political turmoil, crime rates and job uncertainty on the rise, more and more South Africans are making plans to seek new lives abroad, or at least have a second residence or citizenship as Plan B.
Earlier this year Afrobarometer has published its latest findings on emigration concerning South Africa and the rest of the continent, and the results are shocking, yet predictable. 3% of all South Africans are currently preparing to emigrate, or have already begun the process of doing so. More than two-thirds of these want to head towards Europe or North America.
Malta, a relatively unknown small island set smack-bang in the middle of the Mediterranean is attracting its fair share of interest amongst South Africans. The foremost reason for the surprising interest is the alluring Citizenship By Investment and Residency and Visa programmes that the country has to offer to non-EU nationals within a safe and stable economy.
The Malta Individual Investor Programme (MIIP), for instance, was the first EU-approved citizenship programme of its kind. It offers citizenship in a European Union member state and the freedom to reside, work, establish business, move capital and travel anywhere in all EU countries, as well as EEA and EFTA states. It also offers visa-free travel to 165+ countries worldwide, including all of the EU member states and Canada and Australia.
Similarly The Malta Residence and Visa Programme (MRVP) offers South Africans the right to reside or settle in Malta indefinitely and acquire an EU residence card that offers visa-free travel within the Schengen area. This programme comes at a relatively low cost.
South Africans interested in the subject or interested in investing or relocating to Malta, must make it a point to attend the next series of the highly anticipated MOVE TO MALTA seminars, which are being organised by Malta’s leading real estate Group – Frank Salt Real Estate (1969). Attendance is free of charge, though one must book beforehand through this link.
Seminars will take place in Johannesburg on the 10th of March at the Protea Balalaika, Durban on the 12th of March at The Oyster Box and Cape Town on the 16th of March at The Mount Nelson.