TIME TO RESIDENCE PERMIT
Applicant, Spouse, Children, Parents and Grandparents
Malta is an archipelago in the Mediterranean Sea, located 80 kilometers south of Italy. Malta is a member of the Commonwealth of Nations and the United Nations. It joined the European Union in 2004, became part of the Schengen Area in 2007 and part of the eurozone in 2008. Malta is a democratic state and enjoys a stable government, consistently registers high ratings from the major credit rating agencies, while unemployment percentages are amongst the lowest in Europe. Malta is the perfect place for residents to live safely and securely, among a local population with a reputation of being friendly and hospitable. Cost of living is moderate and its small size makes distances negligible.
The geo-political instability across the world is spurring an ever-increasing number of individuals to search beyond their nation’s borders in order to seek better opportunities for themselves and their families. They not only seek safety and stability for themselves, their spouses and dependants. They look for educational opportunities, a healthier lifestyle, greater mobility, as well as for a chance to do business that ensures their family’s wealth in the long term.
Malta and Gozo lie strategically in the middle of the Mediterranean. A small island state with a democratic and stable government, a robust economy, an eco-system of business opportunities, hospitable people and an all-year-round mild climate, makes it the perfect place for families of to live in.
Through the Malta Residence and Visa Programme, beneficiaries obtain residency in Malta, with Visa-free travel across the Schengen zone.
Applicants should be third country nationals, non-EEA and non-Swiss, and in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta.
Applicants should not be beneficiaries under the Residents Scheme Regulations, the High Net Worth Individuals – EU/EEA/Swiss Nationals Rules, the Malta Retirement Programme Rules, the Residence Programme Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules.
Applications are to be submitted through an accredited MRVP agent only.
The administration fee is that of €30,000, and an additional €5,000 for each main applicant’s and spouse’s parent, grandparent, grandchild and dependant’s spouse.
Maltese and English
USD 12.5 Billion
Third country nationals, excluding nationals from Afghanistan, North Korea, Iran, EEA and Switzerland. In the future, the list of ineligible countries may be revised from time to time by MRVA at its discretion.
Yes. A parent or grandparent of the main applicant or of his/her spouse who proves to the satisfaction of the Minister that at the time of application he/she is not economically active and is principally dependant on the main applicant, is eligible as a dependant.
The residency certificate does not expire provided all the requirements are adhered to. The residency card is valid for 5 years or until the cut-off dates, which have been set at ages 14 and 18.
Yes, an Applicant may open a bank account in Malta at his/her discretion.
Yes, applicant may sell the qualifying investment after 5 years and still retain Maltese residency, on condition that other requirements stipulated in S.L. 217.18 are still met.
This matter is at the discretion of the Bank.
No. The Accredited Agent will submit the application on behalf of the client. The Accredited Agent is to remain throughout the entire meeting where a pre-screening of the application is done and a receipt is issued.
Yes. Each individual has to pay €27.50 per year to have the residence card renewed.