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malta residency and visa program

Malta Residency and Visa Program (MRVP)

November 5, 2018
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  1. Malta Residency by Investment (Malta Residence and Visa Program)
  2. Benefits of Malta Residency by Investment
  3. Malta Residence and Visa Program Cost
  4. Eligibility Criteria for MRVP
  5. MRVP Application Process (Timeline)

Malta Residency by Investment (Malta Residence and Visa Program)

If you are in this section, this means you are looking for a unique strategy to safeguard your future prosperity and security.
 
If you are a third country national, then the MRVP allows you and your family to relocate to Malta. This can be done by taking up a residency by an investment program.

The MRVP can grant you and your family the right to reside, settle and stay indefinitely in Malta. It is done by issuing you with a lifetime Permanent Residency Certificate together with a Malta residence card.

In simple words, you and your family can take up Malta Permanent Residence through the MRVP.

Given that Malta is a member of the European Union and also the Schengen area, you enjoy unrestricted entry into Malta as well as free movement within the Schengen Area, within the Schengen agreement. This means you can cross internal borders without checks.
 
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 A snapshot of Malta
 

But first, let us first start with,

Benefits of Malta Residency by Investment

The Malta Residency programs give the opportunity to Non-European Nationals and their families to settle in Malta.
 
Living in Malta can have numerous benefits, we thought we’ll make it easier for you and list them down.
 
Business
  • Base your operations in the European Union’s fastest-growing economy;
  • Opportunity for unlimited access to the European Union, the world’s largest economic zone;
  • Profit from a tax-efficient system on both personal and corporate;
  • You can get tax residency status on showing ordinary residency in Malta;
  • Investment options in a stable and booming real estate market.
  • The possibility of tax benefits under the Global Residence Program as well;
 
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Family
  • Relax in one of the safest countries in the world;
  • Access to leading health care institutions;
  • Secure your children’s future through a world-class education system;
  • Apply for a European Long-Term Residence permit after 5 years in Malta;
  • Personal security for you and your family, in case of instability in your native country;
  • Affordable real estate options for buying a second home;
  • The eligibility to apply for naturalisation as a Maltese citizen.
Travel
  • Mobility is key. Lifetime travel without border checks across 26 Schengen visa countries.
  • That means no more time-consuming Schengen visa application hassles.
SCHENGEN COUNTRIES
Austria-Flag(1) Austria Hungary-Flag(1) Hungary Norway-Flag(1) Norway m_europe
Belgium-Flag(1)
Belgium Iceland-Flag(1) Iceland Poland-Flag(1) Poland
Czech-Republic-Flag(1) Czech Republic Italy-Flag(1) Italy Portugal-Flag(1) Portugal
Denmark-Flag(1) Denmark Latvia-Flag(1) Latvia Slovakia-Flag(1) Slovakia
Estonia-Flag(1) Estonia liechtenstein(1) Liechtenstein Slovenia-Flag(1) Slovenia
Finland-Flag(1) Finland Lithuania-Flag(1) Lithuania Spain-Flag(1) Spain
France-Flag(1) France Luxembourg-Flag(1) Luxembourg Sweden-Flag(1) Sweden
Germany-Flag(1) Germany Malta-Flag(1) Malta Switzerland-Flag(1) Switzerland
Greece-Flag(1)  Greece Netherlands-Flag(1) Netherlands    
 
 
Live
  • The right to indefinitely reside, settle and stay in Malta;
  • Enjoy a progressive and politically stable country;
  • Live the relaxed Mediterranean life;
  • Enjoy the warm summers and moderate winters;
  • Easily communicate through English as an official language;
  • Affordable yet amazing standard of living;
  • Infinite profitable investment property options;
  • Pollution-free environment.
So now you have a good idea of how Maltese residency can be beneficial for you and your family.
 
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If you still have any query, please feel free to reach out to us
 
 
Benefits of Malta Residency by Investment
 

Malta Residence and Visa Program Cost

First things first... You are NOT required to pay the entire amount in one go.
The outlay structure is divided into different sections, namely:
 
  • Contribution to the Government of Malta;
  • Property Purchase or Rental Requirements; and
  • Investment Upon Approval.
Malta Residence and Visa Program Cost
Contribution to the Government of Malta
  • You are required to pay a contribution of €30,000;
  • Out of the €30,000 contribution fee, €5,500 is a non-refundable administrative fee which must be paid upon submitting the relevant application to the Authority.
  • The contribution amount of €30,000 at the application stage covers:
    • You;
    • Your spouse; and
    • All the qualifying dependents.
  • A further contribution of €5,000 is applicable for every parent or grandparent (yours or your spouse's).
Qualifying Investment
  • Invest an initial value of €250,000 in debt or equity securities listed on the Official List of the Malta Stock Exchange. It can also be achieved through an investment in collective investment schemes that are licensed and are on the Official List of the Malta Stock Exchange.
  • These are to be held for 5 years from the date of the issuance of the certificate.
Qualifying Property
  • The acquisition of real estate with a minimum value of €320,000 (€270,000 if located in Gozo or the South of Malta) OR
  • Lease of residential immovable property for not less than an annual rent of €12,000 (€10,000 if located in Gozo or the South of Malta).
  • The qualifying property is to be held for a minimum period of 5 years from the date of the issuance of the certificate.
 
 
The Malta Residence and Visa Program could be the solution to every query you have.
Reach out to us today to know more about it.
 
Malta Residence and Visa Program Cost 
Now that you know what the MRVP is and the benefits it entitles you to, along with its cost,
 
Let us jump to the next big question,
 

Eligibility Criteria for MRVP

For you to be eligible for the MRVP you must meet several Malta immigration requirements, namely:
 
  • Be at least 18 years of age;
  • Have an annual income of not less than €100,000 arising outside of Malta, or have a global net worth in excess of €500,000;
  • Have a stable and regular income for maintaining yourself and your family;
  • Have medical insurance that covers you and your family globally;
  • Have a certificate of good health from a reputable health system;
  • Not be considered a potential national security risk;
  • Not having a reputational risk; and
  • Not subject to criminal proceedings.
You will be required to pay the amounts at different stages of the application.
 
Eligibility Criteria for MRVP
 
By now you know how you can be eligible and how much MRVP will cost you.
 
Let us move further and discuss;

MRVP Application Process (Timeline)

To make it simpler for you, we have created a week wise flowchart to explain the Malta residency application process (Expand below to learn more).
 
 
 
Below is the graphical representation of the entire application process along with the cost at every step.
 
Malta residency and visa application process

Malta residency and visa application process 2

 

Frequently Asked Questions (FAQs')

Below we have listed some frequently asked questions (FAQs);

 

 

 
What are the tax implications of obtaining Residence in Malta?
Answer: If you are a tax resident of Malta but not domiciled in Malta, then all your income generated in Malta will be taxed. All the foreign source income remitted to Malta will also be taxed. In simple words, you will only be taxed if you become a Malta tax resident. 
 
Capital gains arising outside Malta will remain non-taxable in Malta even if received in Malta. If you are neither ordinarily resident nor domiciled in Malta, then you’ll be taxed only on income arising in Malta i.e. income having a Malta source.
 
The Global Residence Program grants you a 15% beneficial tax rate on income received in Malta from foreign sources. You may also have the possibility to claim relief from double tax treaties. To date, Malta has concluded more than 72 double taxation agreements for the avoidance of double taxation.
 
Our professional tax advisors can assist you in clarifying all your doubts.
Contact Now
 
What is Malta Permanent Residency (and how can it be obtained)?
Answer: It is a scheme designed to attract all individuals and their families to take up permanent resident status in Malta. If you are a non-EU national and have been legally residing in Malta for five continuous years (with some allowable absence) you can be eligible to apply for Long-Term Residency status. This scheme is also known as Long-Term Residency scheme.
What does Qualifying Property mean?
Answer: Under the MRVP a qualifying property means the acquisition of real estate with a minimum value of €320,000 (€270,000 if located in Gozo or the South of Malta) to be held for at least 5 years; or the lease of a residential immovable property in Malta for a period of 5 years, at an annual rent of at least € 12,000. (€10,000 if located in Gozo or the South of Malta).
 
For more please visit MRVP FAQs page.
What does Qualifying Investment mean?
Answer: This means €250,000 value 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.
 
Such investment is to be retained for a period of 5 years following the granting of the residency certificate.
 
For more please visit MRVP FAQs page.
What is the requirement for Health Insurance?
Answer: Evidence of possession of Health Insurance in respect of all risk (for a cover of at least €30,000) across the whole of the European Union for the applicant and all his/her dependents.
Such an insurance policy is to be retained indefinitely.
 
For more please visit MRVP FAQs page.
 
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Final Words

Malta’s jurisdiction is an attractive option if you are looking for opportunities to relocate. If you are thinking of becoming a Resident of Malta, some of the many factors that rank Malta amongst the top ones are:

  • Steady economic growth;
  • Political stability;
  • Its geographical location;
  • Booming sectors including financial services, maritime, aviation, gaming and real estate;
  • Tax efficient systems;
  • One of the world’s safest countries.

Many residents are attracted to this island state every year. They may be freelance professionals who can work remotely or retirees from countries like Northern Europe or the UK. Everyone who makes a decision to become a resident of Malta is attracted to its natural beauty and architecture; relaxed lifestyle; affordable cost of living along; and its rich historical culture.

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