Malta launched its Malta Residence and Visa Program (MRVP) in 2015 under the Immigration Act (Cap. 217), and governed by the Malta Residence and Visa Program Regulations of the same year. Successful applicants are granted a Maltese Residence Permit that affords them the right of residence, settlement and indefinite stay in Malta. They will also enjoy visa-free travel within member countries in the Schengen Area.
As a member state of the European Union (EU), Malta is a democracy offering political stability and neutrality underpinned by an effective legal system and robust institutions. The Program requires applicants to invest in property and make a financial and social contribution to the Maltese community.
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The main applicant must be a third-country national (that is, not a Maltese, Swiss or EEA national), be 18 years or older, and supply an affidavit declaring that either their annual income exceeds EUR 100 000 or, alternatively, that they possess a capital sum exceeding EUR 500 000. Applicants must also have a clean criminal record, be in good health, and provide proof of required medical insurance.
Applications may be extended to children younger than 18 years as well as children aged 18–26 years if they are economically inactive, unmarried, parents and parents-in-law. Applicants are required to produce an affidavit of financial support for all dependents aged 18 years and older.
Applicants must complete all of the 3 investments and choose either to purchase or lease the property:
The process typically takes less than two months from submission of the application. In some cases it can take as little as two weeks, and in most cases only one physical visit is required.
The application procedure comprises the following steps:
Residence extends to the following family members:
|Government bonds||EUR 250 000|
|Property investment: purchase||EUR 350 000/270 000|
|Property investment: lease (per annum)||EUR 12 000/10 000|
|Government contribution (non-refundable)||EUR 30 000|