MALTA MRVP

Advantages

  • Dependents include:
    1. Spouse
    2. Dependent children
    3. Dependent parents and grandparents.
  • Member of the European Union and Schengen Area
  • Right to reside indefinitely in Malta
  • Eligible to apply for a work permit
  • Free travel within the Schengen Area for 90 days in every 180-day period
  • High standard education and healthcare system
  • A low-cost and tax-efficient jurisdiction
  • Right to establish a business in Malta
  • Pathways to obtaining Citizenship in Malta after 5 years
  • No language requirement
  • No education or management experience required

Investment Options

The applicant must invest in 3 areas:

  • An investment of EUR 250,000 in Maltese Government Bonds to be held for at least 5 years, or one-off payment of EUR 80,000
  • A property investment in one of the followings:
    • Purchase a real estate property of at least EUR 320,000, or EUR 270,000 in the South of Malta or Gozo to be held for at least 5 years; or
    • Leasing a property with a minimum annual rental of at least EUR 12,000, or EUR 10,000 in the South of Malta or Gozo for at least 5 years
  • A non-refundable contribution of at least EUR 30,000 to the State Fund of Malta, plus EUR 5,000 for each parent / grandparent

Requirements

  • Be over 18 years of age and non-EU citizen
  • Make qualifying investments and contribution in Malta
  • Hold the investments for a minimum of 5 years
  • Have a clean criminal record
  • Acquire a global health insurance coverage
  • Be in good health and of good reputation
  • Evidence the investment’s source of funds
  • Have sufficient financial resources to support themselves and all dependents
  • Provide proof of:
    • Annual income of at least EUR 100,000 arising outside Malta; or
    • Capital assets of at least EUR 500,00

Process

  • Apply for MRVP in Malta
  • Review of the application by Maltese authorities and conduction of background checks
  • Submit proof of health insurance coverage and fulfill the investment requirements
  • Complete the biometrics in Malta and application for the residency card
  • Issuance of the residency certificate and residency card
  • Average application processing time of 2 months

FAQ

What is the Malta Residency Visa Program?

The Malta Residency Visa Program (MRVP) offers eligible individuals and their families the opportunity to obtain a five years’ permanent residence visa in Malta, renewable indefinitely.

The applicant must invest in 3 areas:

  • An investment of EUR 250,000 in Maltese Government Bonds to be held for at least 5 years, or one-off payment of EUR 80,000.
  • A property investment in one of the followings:
    • Purchase a real estate property of at least EUR 320,000, or EUR 270,000 in the South of Malta or Gozo to be held for at least 5 years; or
    • Leasing a property with a minimum annual rental of at least EUR 12,000, or EUR 10,000 in the South of Malta or Gozo for at least 5 years.
  • A non-refundable contribution of at least EUR 30,000 to the State Fund of Malta, plus EUR 5,000 for each parent / grandparent.
WHO IS ELIGIBLE TO APPLY FOR THE RESIDENCY VISA PROGRAM?

To qualify for citizenship, the main applicant must:

  • Be over 18 years of age and non-EU citizen;
  • Make qualifying investments and contribution in Malta;
  • Hold the investments for a minimum of 5 years;
  • Have a clean criminal record;
  • Acquire a global health insurance coverage;
  • Be in good health and of good reputation;
  • Evidence the investment’s source of funds;
  • Have sufficient financial resources to support themselves and all dependents;
  • Provide proof of:
  • Annual income of at least EUR 100,000 arising outside Malta; or
  • Capital assets of at least EUR 500,000.

Additional requirements apply to dependents.

Who qualifies as a Dependent on the application?

The following family members are defined as dependents:

  • spouse of main applicant in a monogamous marriage or in another relationship having the same or similar status to marriage;
  • a child, including an adopted child, of main applicant or of his spouse who is less than 18 years of age;
  • a child, including an adopted child, of main applicant or of his spouse, who at the time of application is not yet born or not yet adopted by the main applicant or by his spouse, and is born or becomes so after the appointed day;
  • a child, including an adopted child, of main applicant or of his spouse, who at the time of application is over 18, not married and who proves, to the satisfaction of the Minister, that he is not economically active and is principally dependent on the main applicant;
  • a parent or grandparent of main applicant or of his spouse, who proves to the satisfaction of the Minister that at the time of application he is not economically active and is principally dependent on the main applicant;
  • an adult child of main applicant or of the spouse who has been certified by a recognized medical professional/authority as having a disability in terms of the Equal Opportunities (Persons with Disability) Act;
What is the usual processing time?

The processing time is approximately 2 months.

DO I NEED TO SHOW THE SOURCE OF FUNDS FOR MY INVESTMENT?

Yes, applicants are required to show that they have enough funds to make the investment. The type of documents required will vary depending on the source of the investment funds.

WHAT IS THE VALIDITY PERIOD OF THE RESIDENCY CERTIFICATE AND THE RESIDENCY CARD?

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.

IS IT POSSIBLE TO ADD A DEPENDANT AT A LATER STAGE?

Yes, this is possible, however they are to be added to the application after the residency certificate is issued. An application pack must be submitted and additional fees where applicable.

SHOULD PARENTS OR GRANDPARENTS APPLYING BE ABOVE A CERTAIN AGE?

No, there is no age threshold.

IS THERE ANY EXEMPTION FROM SUBMITTING THE BIOMETRICS, FOR INSTANCE IF A PERSON IS A BABY OR DISABLED?

Yes, children are exempt from biometrics up to the age of 2. With regards to persons with disabilities, each case will be decided on its own merits.

ONCE A DEPENDANT REACHES HIS/HER 27TH BIRTHDAY, DOES THAT DEPENDANT AUTOMATICALLY LOSE HIS/HER RIGHT OF RESIDENCE IN MALTA? WOULD THE SAID DEPENDANT BE REQUIRED TO, ON OR BEFORE REACHING THE AGE OF 26 YEARS, APPLY FOR AN MRVP IN HIS/HER NAME?

No, the 27-year threshold is no longer in effect.

IS A MALTA RESIDENCY VISA HOLDER ALLOWED TO WORK IN MALTA?

Yes, but the visa holder will need to apply for a work permit through normal procedures.

WOULD A MINOR DEPENDANT OF AN APPLICANT BE ENTITLED TO FREE EDUCATION WHILST RESIDING IN MALTA? IF SO, DOES THIS ALSO APPLY TO SECONDARY AND TERTIARY (I.E. UNIVERSITY) EDUCATION?

No, under the MRVP a minor is not entitled to free education. However, if main applicant acquires a work permit, his/her children would be entitled to free primary and secondary education in state schools.

CAN APPLICANTS WORK IN AN EU COUNTRY UNDER THE MRVP?

The MRVP does not grant beneficiary any employment rights in the Schengen Area. Therefore s/he will need to apply for a work permit in the Schengen country according to the provisions of that particular country.

IS A MINIMUM PRESENCE REQUIRED IN MALTA ON THE PART OF APPLICANTS? ARE NO DAYS SPENT IN MALTA ALLOWED?

There is no minimum presence required.

WILL THE HOLDER OF THE RESIDENCY CARD BE ALLOWED TO TRAVEL VISA-FREE THROUGHOUT EUROPE OR ONLY IN SCHENGEN COUNTRIES?

Holders of the MRVP residency card may travel to Schengen countries for a maximum period of 90 days within a 180-day period. The traveller should invariably carry a valid travel document and the residence card.

CAN A FOREIGNER EVER APPLY FOR THE ACQUISITION OF MALTESE CITIZENSHIP BY NATURALISATION?

Yes, a foreigner may submit an application for the acquisition of Maltese citizenship by naturalization after continuously residing in Malta for a period of 5 years. S/he should have resided in Malta throughout the 12 months immediately before the date of application and 4 years out of the preceding 6-year period. S/he has to be knowledgeable

The present document is intended for guidance and general information only and does not constitute or purport to provide you with legal advice. Such information is subject to changes without notice. Each case is unique and depends on the facts and circumstances of the individual and due consideration should be taken if applying the general information to your personal situation. For an evaluation of your personal circumstances one of our legal team would be happy to assist.