The Malta Residence and Visa Program

Malta is a very attractive location for private residence. The island nation enjoys a stable political climate and is strategically located, with excellent air links. The Malta Residence and Visa Program (MRVP) offers non-Maltese persons the possibility of acquiring a European residence permit in an EU country and visa-free travel within Europe’s Schengen Area.

Benefits of the MRVP:

• Residence in an EU country and visa-free across Europe’s Schengen Area
• Right to reside indefinitely in Malta
• Five years’ permanent residence, renewable indefinitely
• Investment required only for first five years
• No residence requirement
• Family members included

Requirements

The main applicant must be at least 18 years of age to qualify and must provide an affidavit declaring that from the date of the application, they have an annual income of no less than EUR 100,000 or have in their possession capital of no less than EUR 500,000. The following application requirements must be met to qualify for the program:

• An investment in approved financial instruments of EUR 250,000 to be retained for a minimum period of five years
• A non-refundable government contribution of EUR 30,000 (EUR 5,500 of which is an advance government administrative fee)
• A property purchase of EUR 320,000 (EUR 270,000 in South Malta or Gozo), or a property lease of EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo)

Procedures and time frame

The MRVP application requirements and procedures are reasonable and straightforward. The application is submitted to the IIP Agency, the government agency responsible for applications, with a non-refundable deposit of the contribution amount in the sum of EUR 5,500. After stringent due diligence checks, successful applicants will be requested to complete the qualifying investments and will then be issued a residence permit. The IIP Agency will issue successful applicants with a Maltese residence certificate, which acts as a permit. The certificate will be monitored annually for the first five years of its issue and every five years thereafter.