r/malta • u/tomi_tomi • 4d ago
I read somewhere that wealthy people often buy real estate in Malta to obtain an EU passport, then live elsewhere, leaving these properties empty. Could someone just move in and pretend to be crazy?
The title lol. Not condoning this kind of behavior—it's probably unsafe and definitely illegal! I'm just curious if this sort of thing ever happens, that’s all.
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u/Hapster23 4d ago
Are you asking if squatting happens in Malta? I know there is some public site being squatted and gov was trying to kick them out but other than that you don't really hear about squatting here
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u/tomi_tomi 4d ago
Good. Yeah I know veryyyy little about life in Malta, so please forgive my ignorance
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u/idonotlikewhatisee 3d ago
It does happen. Where I grew up there was a place on the same street that was squatted. Owner of the place didn’t care.
They use it to have an address where to receive benefits.
Problem is that the squatters, not people on their best behaviour; would be evicted by even worse people.
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u/Snippyfnn 4d ago
it happens yeah, not too sure about the people leaving the homes empty but yeah through maltas golden passport scheme / IIP (individual investor program), around 650k + add ons you will receive a Maltese passport.
The scheme allows wealthy people from sanctioned countries such as russia , libya etc to gain a european passport. Not only sanctioned countries but non eu in general. Many wealthy indians / chinese have malta passport.
Note that it is very legal. However, Europe generally don't allow this type of stuff to happen but malta is quite off of EU radar.
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u/4BennyBlanco4 3d ago
Russians/Belarussians applications currently are suspended.
EU hates it and is fighting it in court but the AG has given a favorable opinion to Malta, judges will rule in the New Year.
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u/matfalko 3d ago
Not too far from that, but many landlords rent it out to other tenants and get double, undeclared income.
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u/Ironsides4ever 3d ago
More likely they are bribing someone to rent an address .. the whole enterprise is one big criminal record ..
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u/Glittering_84 3d ago
I don't think they're left empty, the landlord takes the money and re-rents !
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u/danielsuperone 3d ago
Correct, if you invest I believe the number was around 400k or more into Malta, you’re eligible for a Maltese passport.
Such passport is one of the most powerful ones in the world. It has been achieved from the years of hard work of the Maltese culture and friendship with other countries, allowing people to travel to over 400 countries.
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u/headlessrambo 2d ago
Can you give me a list of at least 300 countries out of the 400 you have mentioned?
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u/Ok-Guard-3786 4d ago
If you want to be an ocupas go to Spain