The €30,000 covers the Main Applicant, Spouse and children who, upon submission of application, are not married and not economically active. For parents and grandparents of the Main Applicant and Spouse, an additional fee of €5,000 applies. A residence card processing fee applies when a residency card is issued or renewed. The fee is of €137.50 per person for the initial 5 years and €27.50 per year for renewals.
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, this is possible however; they are to be added to the application after the Residence Certificate is issued. An application pack must be submitted containing the following documents:
- MRVP7, signed in the presence and by the Commissioner for Oaths
- Evidence of KYC
- Birth Certificate
- Change of Name (if applicable)
- ID Card or equivalent
- Marriage/Divorce Certificates
- Military Records (If Applicable)
- A certified true copy of the full International Passport
- Police Certificate (if applicable).
L.N.288 of 2015 does not mention Government Bonds and Stocks. For the time being, the Qualifying Investment will consist of Government Stocks or Funds that invest exclusively in Malta Government stocks, equivalent to €250,000 (Market Value). These stocks/bonds can be purchased from a suitable stockbroker. MRVA will need a receipt or a certified true copy of the purchase agreement.
The applicants are required to invest exclusively in debt or equity securities listed on the Official List of the Malta Stock Exchange. Investment in these securities may also be achieved through an investment in collective investment schemes that are licensed and are on the Official List of the Malta Stock Exchange. This investment can be purchased from a suitable stockbroker. MRVA will need a receipt or a certified true copy of the purchase agreement.
An applicant may open an account at his/her discretion.
This does not fall within the remit of MRVA. The matter is to be discussed with a qualified stockbroker and/or banking institution.
This has to be tackled with a qualified stockbroker and/or banking institution. MRVA would need a certificate confirming this investment.
Yes he may sell the qualifying investment after 5 years and still retain his Maltese residency on condition that other requirements stipulated in L.N. 288 of 2015 are still met.
This is at the discretion of the Bank.
Yes, they are.
No. The Applicant has to own/lease property and submits the relevant documentation after receiving the Letter of Approval in Principle. However, a property that would have been leased/purchased before the application submission and which satisfies the rules found in L.N.288 of 2015 regarding the Qualifying Property, is still acceptable.
Yes, during the first five years the Beneficiary can sell the qualifying property and buy/lease a new property as long as he continuously satisfies the qualifying property conditions. There MUST be no gaps between the end date of the previous lease/ownership and the new lease/ownership. He would have to inform the RAP/RAA who in turn should inform MRVA. A certified true copy of the purchase/lease agreement of the new qualifying property has to be submitted to MRVA as evidence.
No the Beneficiary does not have to commit himself not to sell the qualifying property. This can be sold as long as it is replaced by another qualifying property. The monitoring happens on an annual basis for the first 5 years through the submission of a Form MRVP5 - Official Compliance Form, which is to be signed by the Beneficiary and the RAP/RAA and submitted by the RAP/RAA to MRVA. After the first five years, monitoring will happen once every five years.
No, these are not accepted as a Qualifying Property. The Main Applicant must lease or purchase a residential property.
Yes restrictions do apply. No hotels, no offices, etc. The Main Applicant should lease or purchase a residential property that is fit to live in (e.g., a house, apartment or maisonette that is finished – i.e., not in shell or semi-finished condition).
Yes, the acquisition of immovable property permit is still required.
The Beneficiary is not obliged to retain possession of the Qualifying Property stipulated in the respective legal notice. However, to retain residence he must provide a suitable residential address.
Yes, it is possible, as long as the qualifying criteria are satisfied in both stages.
This is at the discretion of the Bank.
The declaration is part of form MRVP1, which needs to be signed before a Commissioner for Oaths.
Co-ownership is acceptable. However, as regards the €500,000 capital assets for the qualifying criteria purposes, only the portion of the evaluation value that pertains to the Main Applicant, and if part of the initial application that portion pertaining to the Spouse and the children where applicable.
The amount is applicable to the Main Applicant only.
No the amounts do not change with the number of persons covered under one application.
No, monitoring of assets will only be conducted on the Main Applicant and is not applicable to dependents. The declarations will be made through the submission of form MRVP5 Official Compliance Form, which is to be signed by the Beneficiary in front of a Commissioner for Oaths, the Commissioner for Oaths himself, and the RAP/RAA and submitted by the RAP/RAA to MRVA. The Beneficiary and the Commissioner for Oaths sign to endorse that the information submitted is true, factual and correct. The RAP/RAA signs for administrative purposes only. After the first five years, monitoring will happen once every five years.
es, they are different, distinctive requirements. Clients should provide:
- €250,000 in Qualifying Investment
- Property valued at €270,000/€320,000 or rent of €10,000/€12,000 pa +
- Capital of €500,000 and/or €100,000 (arising outside Malta) income per annum.
Yes, as long as there is enough information on the employer. Evidence, such as salary slips or contract of employment showing the annual salary would suffice.
Yes these documents are acceptable as long as they are issued from a reputable company or an official entity. These documents will accompany the necessary MRVP forms, including form MRVP2 in which the statement of Source of Funds and Wealth has been incorporated. MRVA is interested in the ‘individual’ financial capabilities and the Applicant must convince the Board that he/she has enough funds to sustain him/herself and dependents. What is important is that reliable evidence is presented to sustain the Applicant’s declaration.
Only the Main Applicant is to provide proof of income (€100,000 arising outside Malta annually and/or ownership of €500,000 in kind or in cash).
This declaration is part of the latest version of form MRVP1, which is now considered as an affidavit, and hence is submitted as part of the application pack.
Yes, an architect’s appraisal is acceptable and real estate can form part of the Main Applicant’s capital requirement.
Although the spouse is considered as a dependent, nothing precludes him/her from being in possession of certain assets and of sources of income.
The RAP/RAA is responsible for introducing reputable Applicants, hence the need to ensure that RAP/RAA supports MRVA by forwarding printed reports with regard to enquiries conducted from reliable sources on potential Beneficiary and all dependents over the age of 14. Other information that could be provided by RAP/RAA will facilitate MRVA to conduct a proper due diligence assessment. RAP/RAAs must remember that they should keep evidence of their investigations, for which they are solely responsible.
These have to be submitted upon application stage.
A list has been introduced in the Application and Documentation Guidelines available on the MRVA website.
No. We require such certificates at application stage and they may be submitted either as original or certified true copies of originals. These documents should be either apostilled or legalized, as the case may be. If such documents are in a language other than English these should be translated to English. Translations done abroad should be apostilled or legalized. Translations done in Malta should be carried out by a registered translator.
As per Articles 6.2.a and 7(b) of L.N.288 of 2015, the first preference is a police certificate issued by the Malta police as well as a police certificate issued by the competent authorities (federal or national) in the country of origin and in the country or countries of residence where the Main Applicant has resided for a period of more than six months during the last ten years. Only in exceptional cases, where it is proven to the satisfaction of MRVA that such a certificate is not obtainable, we would require an affidavit from a Police Official and/or a Government Entity in his/her country of origin or where he has resided for a period of more than 6 months in the last 10 years, confirming that good faith attempts were made by the Applicant to obtain the required certificates. Moreover, another separate sworn affidavit made by the Applicant and any dependents, declaring a clean criminal record is required.
No, it is not required.
Yes, a foreigner may submit an application for the acquisition of Maltese Citizenship by naturalisation after continuously residing in Malta for a period of five years. He/she should have resided in Malta throughout the twelve months immediately before the date of application and four years out of the preceding six-year period. He has to be knowledgeable in spoken/written English & Maltese, of sound mind and of good conduct.
The Minister has the discretion, according to the Law, to grant or refuse the application. It does not, therefore, mean that if such person satisfies the said conditions he/she would be automatically granted citizenship by naturalisation. The Minister’s decision is based on internal policies, whereby amongst other requirements, the number of years could also be a feature in the examination of the relative request.
There is no minimum presence required.
L.N. 288 of 2015 does not entitle the Beneficiary to any employment licences. Beneficiary still needs to apply for a work permit through normal procedures.
The Beneficiary and/or dependents can apply for a work permit by submitting an application for a ‘work permit’ through the normal channels. Kindly note that dependents are only eligible to work after the issuance of Residency Cards
The Beneficiary or spouse can apply, through the competent authorities, to launch a business in Malta as long as they satisfy the prevailing legislation. A dependent can also take this route without losing his/her residency rights.
This Programme doesn’t carry any tax grants and/or incentives. The statutory tax applies and it is recommended to seek the advice of a tax consultant.
No, under the MRVP a minor is not entitled to free education. However, if the Main Applicant acquires a work permit, his/her children would be entitled to free primary and secondary education in state schools.
The MRVP does not grant the Beneficiary any employment rights in the Schengen Area. Therefore, he or she will need to apply for a work permit in the Schengen country according to the provisions of that particular country.
No, the 27-year threshold is no longer in effect.
No, they do not lose their MRVP residence status as long as they satisfy the regulations of the L.N.288 of 2015, amended by L.N.189 of 2017.
The fact that he/she sells the bond and does not adhere to the qualifying property agreement, the client will automatically lose his/her status and this applies vice versa, that is, if he/she relinquishes his/her certificate, there will be no obligations to fulfil. If a Beneficiary relinquishes and/or loses his/her residency rights, any dependents benefiting from residency rights through the same certificate will automatically lose their residency rights.
The Official Compliance Form (MRVP 5), which is referred to in the Guidelines, is an official form that the Beneficiary will have to fill in once a year for the first 5 years, and once every 5 years thereafter and the RAP/RAA being responsible for the submission of such form along with the respective required documents. The OCF is in itself a declaration that the clients’ obligations are being satisfied according to regulations. This form has to be filled in and signed by the Beneficiary and a commissioner for Oaths. The RAP/RAA’s responsibility is to ensure that this form is submitted to MRVP together with all the supporting documentation approximately one week in advance, however not more than 2 weeks earlier. If the required documents at the OCF stage or at the Report MRVP41 stage are not submitted within a 3-month period, the residence Cards for the entire application will be revoked. The RAP/RAA has to sign this form is for collection and administration purposes only.
Residency cards will be issued for a validity of 5 years, unless the minor dependent turns 14 or 18 years old, in which case the card validity ceases on the dependent's birthday. In the latter cases, the card is renewed automatically, free of charge. Renewal requests for the “normal” 5-year expiry, have to come from the RAP/RAA, as long as the beneficiary continues to comply with the regulations of L.N.288 of 2015 accordingly.
The duration of the lease has to be not less than a year to comply with the set requirements. Kindly note that the Beneficiary MUST have a valid residence in Malta at all times, with no gaps whatsoever.
After five years your client doesn’t need to retain the qualifying investment. He is still required to retain a residential address in Malta, however, he no longer has to abide by the restrictions set for the initial 5 years.
The applicant is required to hold either the €100,000 Annual Income or the €500,000 Capital for as long as the residence permit is valid. If at any point either during or after the initial five years, the applicant does not adhere to the above mentioned, the residence permits will be revoked.
No, there is no minimum length of stay requirement.
Yes the Beneficiary may add dependents at a later stage as per the Legal Notice. A €5,000 non-refundable administration fee per individual applies to parents and grandparents of the Main Applicant of the spouse.
Yes. It is €27.50 per person per annum. Hence a card valid for 5 years carries a fee of €137.50 per individual.
In the case of a divorce, the Spouse of the Beneficiary will lose residency rights. This might also affect the Spouse’s children whose other biological parent is not the Beneficiary and who would have been included as Dependents under the said Application. Each case will be assessed on its own merits.
Our legislation does not impede her from submitting an application as the Main Applicant, supported by a Benefactor.
Yes, there can be a Benefactor under the MRVP.
The required documents for a Benefactor are the following:
- Form MRVP2, in the name of the Benefactor, fully completed (all sections including the Source
of Funds and Wealth Part);
- Part A of form MRVP 4, in the name of the Benefactor;
- 3-month Bank Statements for the Benefactor’s account from which the funds for the MRVP application will be remitted (i.e., transferred to Identity Malta);
- A certified true copy of all valid International Passports of the Benefactor (ALL pages);
- Evidence of Current Employment (if applicable);
- Evidence of Business Ownership (for business owned in part or in whole by the Benefactor);
- A sworn declaration that the Benefactor will fund the MA’s MRVP application and all the related financial obligations, and will also provide the MA with stable and regular resources.
- Form MRVP6 and a copy of the bio-metrics data page attached at the end of the Form.
- Police Certificates from the Benefactor’s country of origin, his current residence and any country he/she has lived in for a period of over 6 months in the past 10 years.
The Main Applicant should still complete Form MRVP2 in its entirety and provide a 3-month bank statement of his/her personal bank account.
Yes, however, these should be in the name of the Main Applicant as specified in L.N. 288. If in order to satisfy this requirement, the benefactor will be transferring the amount to the Main Applicant, documentary evidence of this transfer such as a deed of gift or sworn declaration, and evidence of the bank transfer must be submitted with the application.
By legal definition, the answer is no. A dependent has to be economically inactive at the time of submission of application. He/she may seek employment thereafter.
The Residency Card cannot be renewed through a Maltese Embassy.
This may be the same General Medical Practitioner who filled in Part A of MRVP3. However, it could be a different Medical Practitioner.
Yes, as long as the certificate is signed, dated and stamped by the Medical Practitioner. The Medical Practitioner should also include his/her professional license number, where applicable.
The wording is at the discretion of the GP/Medical institution.
In order for the Main Applicant to use his Company’s Bank Account, the following documentation would be required:
- Board resolution authorizing the Main Applicant to transfer funds from the Company Bank Account for the MRVP Application
- Certificate of Incorporation, Shareholder Register and Register of Directors for the Company
- 3 months bank statement for the company account from which the funds will be transferred.
Please note also that the 3 months bank statement for the Main Applicant’s working bank account is still required.