About Malta:

Malta, island country located in the central Mediterranean Sea. A small but strategically important group of islands, the archipelago has through its long and turbulent history played a vital role in the struggles of a succession of powers for domination of the Mediterranean and in the interplay between emerging Europe and the older cultures of Africa and the Middle East. As a result, Maltese society has been molded by centuries of foreign rule by various powers, including the Romans, Greeks, Arabs, Normans, Sicilians, French, and British.

The country of Malta became independent from Britain and joined the Commonwealth in 1964 and was declared a republic on December 13, 1974. It was admitted to the European Union (EU) in 2004. A European atmosphere predominates in Malta because of close association with the Continent, particularly with southern Europe. The Maltese are renowned for their warmth, hospitality, and generosity to strangers.

The country is a member of the major international organizations including the United Nations and the Council of Europe, the International Monetary Fund and is a member of the European Union as well as the Eurozone and the Schengen Area.

 

Cost And Processes

The Malta Residency & Visa Program (MRVP) is a Malta government initiative to provide Permanent Residency of Malta to eligible investors. An investor requires to complete allthe requirements below in order be eligible to apply for MRVP:

 

Purchase or Rent a Residential Unit:

Investor is required to either rent or purchase a residential unit as per below:

  • Rent a property worth minimum EUR 10,000 per annum for 5 years, OR
  • Buy a property worth minimum EUR 320,000 and to be kept for 5 years.

Investment:

Investor requires to invest in a highly reliable Maltese government bonds in the amount of €250,000 for a period of 5 years. The investment is guaranteed by the Government and can be redeemed after 5 years maturity period.

Financing option can also be considered if required. This option requires for certain financing institutes to charge a one-time total fee of €75,000 (the amount can vary depending on the level of investments) and the Bond is made on behalf of the Investor.

Government Contribution fees:

Investor requires to pay an amount of €30,000 as a processing fees and contribution to Malta Government. This fee is fixed for a family application. An additional €5,000 is applicable for adding each dependent parent to the application.

Eligibility to apply for MRVP

  • Health Insurance

Every applicant requires to have a medical health insurance that covers entire region of the European Union. The medical policy can be acquired after the approval in principle. Approx. cost of a family insurance is estimated at €1,500 annually.

  • Eligibility of Wealth

The Investor requires to show evidence that they either have an income of €100,000 in a year OR in possession of assets worth at least €500,000. The assets can be shown as real estate or any multiple investments that in total is worth €500,000.

Note: The main applicant should complete all the above requirements. Investment + Purchase or rent + Contribution fees.

 

Application Process: 

  • Required Documents are gathered as per the document checklist along with the assistance of our paralegals.
  • Documents are submitted to Malta Residency & Visa Agency (MRVA) along with initial payment of €5,500 which is deducted from the Government Contribution Fees.
  • MRVA acknowledges the application received and will begin the process of due diligence of the Investor.
  • After completion of due diligence and application processing, MRVA issues a letter of Approval in Principle, which confirms the acceptance of the Investor to apply for the Residency Permit. At this stage the investor is required to complete the requirements of Purchasing/Renting the residential unit + Investment of €250,000 Government bonds (or financing) + paying the balance amount of €24,500 Government Contribution fees.
  • After completion of the investment requirements, the Government of Malta issues a Certificate of Residency which confirms the applicants as Permanent Residence of Malta for life.
  • Permanent Residence cards for all applicants are issued after the issuance of Certificate of Residency. The Residence card is valid for 5 years and can be renewed accordingly.

 

Documents Required:

Below is the list of documents required for completion of the application. Our paralegal team will assist applicants along with providing all the necessary Government applications required.

  • MRVP1 – MRVP6 Forms – Application related forms.
  • Power of Attorney.
  • Passport
  • National ID.
  • Birth Certificate.
  • Military records (If Applicable).
  • Marriage or Divorce Certificate (If Applicable).
  • Proof of Address – Recent Utility Bill confirming the present address of Main Applicant.
  • Police Clearance Certificate for applicant aged 14 and above. To be provided from the country of Origin and country of residence.
  • Evidence for Source of Income:
    • If the company owner, Company establishment documents such as incorporation certificate, Memorandum of Association, Share certificate, etc.
    • If an employee, Employment Certificate.
  • Bank Statement for 12 months – Original and stamped from bank.
  • Other Documents as per Application requirements.

Note: Documents provided must be Certified (or Apostilled) and in English (or legally translated).

 

Further Information:

Benefits of Malta Residency:

  • Low investment requirement.
  • Permanent Residency for all family members including financially dependent children above the age of 18. Financially dependent parents of the investor and the spouse can also be included.
  • Residency Permit valid for life. Residency Card renewed every 5 years.
  • No minimum stay or visit requirement.
  • Ability to live, work, study and set-up business in Malta. Travel freely among Schengen states.
  • Strategically located in Europe. Neighboring to Italy with a 30 minutes ferry-ride to Sicily.
 Malta Residency Permit holders travel freely within Schengen states
AustriaNetherlands 
BelgiumNorway 
Czech RepublicPoland 
DenmarkPortugal 
EstoniaSlovakia 
FinlandSlovenia 
FranceSpain 
GermanySweden 
GreeceSwitzerland 
Hungary  
Iceland  
Italy  
Latvia  
Liechtenstein  
Lithuania  
Luxembourg  
Malta  

Visa-free travel to the countries listed above are subject to change. It is strongly advisable that the relevant Government authorities and agencies are contacted prior to travel arrangements made. For updated information, check KNOW BEFORE YOU GO.

 
 

 

Greece
Portugal
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