Malta's Golden Visa Remains Attractive to Chinese Nationals Despite Dual Citizenship Limits
Malta’s Golden Visa Program: Benefits and Controversies
Malta’s Golden Visa Program allows wealthy foreigners to acquire residency in exchange for financial investments, but recent research highlights both its advantages and challenges.
Economic and Social Impacts
While the program boosts demand in Malta’s real estate market, its benefits are not evenly distributed. The scheme has contributed to housing competition, leaving low-to-medium-income residents struggling to compete with high-income buyers. In some cases, this has worsened the housing situation for local residents, as highlighted in a report by the Daphne Caruana Galizia Foundation.
Out of the 2,500 Golden Visa applications analyzed, only 67 applicants purchased property, with the majority opting to rent. Additionally, many Golden Visa beneficiaries reside outside Malta, further reducing the program's direct economic impact on the local community.
Benefits for Chinese Nationals Despite Dual Nationality Restrictions
China does not recognize dual nationality, yet Malta’s Golden Visa Program offers significant advantages for Chinese citizens. Residency allows visa-free travel within the EU Schengen Zone, access to better healthcare, educational opportunities for children in European schools, and other benefits across Europe—all without requiring Chinese nationals to renounce their citizenship.
Malta’s Passport Strength
Malta’s passport ranks 25th in the Passport Index of VisaGuide.World, enabling holders to travel visa-free to 114 countries and passport-free to 31 countries, with a passport score of 88.36. This adds to the program’s appeal for foreign investors.
Who Benefits from Malta’s Golden Visa Program?
The research report titled “Malta’s Golden Visas: What Problem Are They Solving and Who Benefits?” sheds light on the program’s limited impact on Malta’s local economy. The benefits appear to favor high-income individuals and foreign investors over the broader community.
As debates about its economic and social implications continue, Malta’s Golden Visa Program remains a point of interest for foreign nationals, especially from countries like China, while sparking conversations about equitable distribution of its benefits.
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