Summary
The Malta Residency Visa Programme or MRVP is a highly competitive residency program offering a 5 yr residency in Schengen via the Malta Residency Visa Programme.
key contacts
Dr. Jean-Philippe Chetcuti
Managing Partner
Dr. Antoine Saliba Haig
Senior Associate, Head of Immigration & Global Mobility
country highlights
benefits
Residency Rights
- Permanent Residence: the right to reside indefinitely in Malta;
- Residency issued first for 5 years, freely renewable thereafter. Investment required only for first 5 years;
- EU Residence Card gives Visa-free travel within Schengen Area;
- Allows Golden Visa holders to work in Malta (work permit process);
- No minimum physical presence required to maintain immigration status;
- Tax residency status on showing ordinary residency in Malta.
Process
- 3 months processing time;
- Family applications, include:
- spouse;
- parents of both main applicant and spouse;
- children
- Minor children
- Adult children provided that they are in-married and financially dependant on the Main Applicant
Favourable Tax System
- Malta tax on local income only;
- No tax on foreign income not transferred to / used in Malta;
- No tax on foreign capital gains even if transferred to Malta;
- No inheritance tax;
- No worldwide basis of taxation;
- No wealth taxes / no local taxes;
- No wealth disclosure obligations;
- No withholding taxes.
legal basis
Maltese Residency by Investment may be granted under L.N. 288 of 2015 as amended recently by L.N. 189 of 2017. The Malta Residence and Visa Programme Regulations provide for affluent persons of impeccable standing and repute to receive Maltese residence on the basis of a contribution to and investment in Maltese Government Bonds.
ELIGIBILITY
- Open to non-EU nationals;
- All the family is eligible. Family applications, include:
- spouse;
- parents of both main applicant and spouse;
- children
- Minor children
- Adult children provided that they are unmarried and financially dependant on the Main Applicant
- Applicant must provide an affidavit declaring that:
- from the date of the application onwards, he/she is in receipt of an annual income of not less than hundred thousand euro (€100,000) arising outside Malta or
- has in his/her possession, capital of not less than five hundred thousand euro (€500,000)
- Applicants have to purchase or rent property;
- Non-refundable contribution of € 30,000;
- €5,500 non-refundable Application Fee
- €24.500 payable only on approval.
- Invest € 250,000 to Government bonds;
- Minimum Property Purchase Price / Annual Rent
- Malta: €320,000 / €12,000
- Southern Region of Malta, Gozo: €270,000 / €10,000
- Applicants must have valid travel document;
- Applicants must have all-covering EU health insurance;
PROCESS & TIMELINE
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