The first vividly apparent benefit of the Malta Residence and Visa Programme (MRVP) is the right to permanent residency within Malta which is granted within three months. Once the compliance time has been satisfied and the application has been fully approved, applicants are also given a residence card, and the successful applicants have the freedom to remain indefinitely in Malta. Given the permanent residency status, successful applicants can apply for the long-term residency option and eventually for Maltese Citizenship.
Another unmistakable benefit of the Malta Residency Programme is the obtainment of visa-free travel within the Schengen area, since Malta has formed part of the EU since 2004.
All these rights are granted to both the main applicant as well as any family members included in the application as dependents.
In addition to this fast-tracked process of obtaining Maltese residency, there are also no minimum residency requirements which need to be met by applicants.
The Malta Residency Programme also offers a pathway to Maltese citizenship, since after six years of permanent residency, individuals may apply for Maltese citizenship, subject to other conditions.
|Maltese permanent residency in 3 months|
|Family members eligible|
|Visa-free travel within Schengen|
|No minimum presence requirement|
|Can lead to citizenship after 6 years of permanent residency|
In order to qualify for the Malta Residency Programme, the main applicant must be at least 18 years of age, and must satisfy all investment requirements.
Applicants undergo due diligence procedures of the strictest nature so the government of Malta can ascertain their reputation. Applicants must demonstrate a clean criminal record, verified with the International Criminal Court, INTERPOL and other authorities.
Applicants must also be in good health and cannot in any way be considered as a threat to national security. The applicant must also not have been denied a visa to a country with which Malta has visa-free travel arrangements. Certain nationalities – namely Afghans and North Koreans – are not allowed to apply to the Malta Residency Programme.
The main applicant must also have an annual income of not less than €100,000 arising outside of Malta, or must be in possession of at least €500,000 in capital.
Eligible dependents include the spouse or partner in a long and durable relationship, children, parents and grandparents, under certain conditions.
Eligible dependants may include spouse, children, parents, and grandparents
Main applicant must be over the age of 18
Clean criminal record and good reputation
All applicants must be in good health
Income or capital requirements
Individuals pursuing the Malta Residency Programme must make a combination investment, involving a government contribution, bonds or shares, and property.
Applicants to pay a contribution of €30,000 to the Maltese Government. This fee covers the family (spouse and dependent children) of the applicant. Other dependents must pay an additional €5,000 each.
Applicants must also make a €250,000 investment in government bonds/shares which are to be kept for at least five years. Lastly, property must be purchased at a minimum value of €270,000 or rented at a minimum of €10,000 per annum. The qualifying property must be held for at least five years from the date of issuance of the Residency Certificate.
|One of the below investments:|
|€30,000 government contribution|
|€250,000 investment in government bonds/shares|
|Minimum €270,000 property purchase or rental starting at €10,000 p.a.|
Our advisors can provide you with personalised advice regarding any one of the citizenship by investment programmes listed above.