The Malta Residency Visa Progamme has acquired international reputation due to its consistent due diligence processes, compliance checks and effective customer-care services.
CEO MRVA, Mr. Roderick Cutajar addressed a large audience of prospective beneficiaries and HNWIs in Shanghai. He stressed that the Agency’s primary goal is to attract reputable applicants and talent to the islands. Reference was made to the continued growth of the economy of Malta, the educational and health systems and amongst other matters to Malta being first in setting up a legal framework for Blockchain, Cryptocurrency and DLT.
The Malta Residency Visa Programme provides permanent residency in Malta or Gozo as well as access to Europe 90 days in every 180 days (26 countries in the Schengen zone). The MRVP provides an opportunity for such Companies to have their families/staff/employees settle in Malta/Gozo indefinitely.
Investment conditions
- Pay an administration fee of €30,000;
- Pay €5,000 for parents-in-law and grandparents;
- Provide a Health Insurance to cover the entire family/dependants;
- Purchase Government Stock worth €250,000 that is to be retained for a period of five years;
- Rent a property for a minimum of €10,000 for a period of five years or purchase a property for a minimum of €270,000.
Eligibility
(a) is a third country national and is not a Maltese, EEA or Swiss national;
(b) he is not a person who benefits under the Residents Scheme Regulations, the High Net Worth Individuals – EU /EEA / Swiss Nationals Rules, the Malta Retirement Programme Rules, the Residence Programme Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules;
(c) he holds a qualifying property for a minimum five (5) year period from the date of issuing of certificate;
(d) he holds a qualifying investment for a minimum period of five (5) years from the date of issuing of certificate;
(e) without prejudice to any other provision of this regulation, he is in receipt of stable and regular resources which are sufficient to maintain himself and his dependants without recourse to the social assistance system of Malta;
(f) he is, and his dependants are, in possession of a valid travel document;
(g) he is in possession of sickness insurance in respect of all risks across the whole of the European Union normally covered for Maltese nationals for himself and his dependants;
(h) he provides an affidavit declaring that from the date of the application referred to in regulation 5 onwards he has either an annual income of not less than hundred thousand euro (€100,000) arising outside Malta or has in his possession a capital of not less than five hundred thousand euro (€500,000)
The Malta Residency Visa Agency
The Malta Residency Visa Agency falls under the remit of the Hon. Julia Farrugia Portelli, Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Processes, Office of the Prime Minister. The Programme, provides international investors with permanent residency rights. These rights will apply only for non-EU / EEA / Swiss Nationals. The Programme provides an opportunity for potential beneficiaries and dependents to reside, settle or stay indefinitely in Malta. Legal Notice 288 of 2015 applies. The new programme falls under the Immigration Act and is available to both the applicant and also their dependants (including parents-in-law and grandparents) The beneficiary must hold both the qualifying property and the qualifying investment for a minimum five (5) year period following the approval date. Each application has to be administered by a registered accredited person or registered approved agent with Identity Malta. Rigorous due diligence checks are performed on prospective applicants and dependants.
