Thursday, November 14, 2024

Malta establishes Residency Malta Agency

The Government of Malta has established Residency Malta Agency to administer and run the new Malta Permanent Residency Program (MPRP). The Agency has rebranded from the previous Malta Residency Visa Agency (MRVA) with a fresh impetus to act as a catalyst for suitable individuals wishing to make Malta their place of residence.

The Regulations L.N. 136 of 2021: Residency Malta Agency (Establishment) Order, 2021 (L.N. 124 of 2021) with the Commencement Notice.

The Residency Malta Agency is the Government entity responsible for managing and promoting Malta’s residency-by-investment programme. The Agency is consistent in its rigorous efforts to attract quality individuals and families, applying a stringent four-tier due diligence process that ensures the most meticulous of screening. It is based on this ethic, coupled with transparency and integrity that the Agency approaches all its transactions.

Boasting an efficient customer service, the Agency’s team liaises with Licensed Agents, to ensure the fastest and smoothest possible processing of applications that only the strictest due diligence allows.

The Agency will administer the process of applications for the grant of residency under the Malta Permanent Residence Programme Regulations issued under the Immigration Act and all other required processes in order to implement the provisions of the Malta Permanent Residence Programme Regulations;

(b) advise the Minister on all matters concerning the functions of the Agency;

(c) perform due diligence checks on all applicants;

(d) ensure that applicants satisfy all conditions and requirements of the Programme;

(e) implement and maintain internal standard operating procedures;

(f) issue residence-by-investment certificates and other administrative matters relating to applications by third country nationals applying to stay or settle indefinitely in Malta or Gozo, including the general implementation and administration of the Programme for the grant of permanent residency rights on the basis of investment;

(g) work and collaborate with the Identity Malta Agency with regards to the issuance of residence-by-investment permits; S.L. 13. 01.

(h) work and collaborate with the competent authority with regards to agents duly licensed under the Commission Agents (Licences) Regulations;

(i) to order the cessation of the benefits conferred by residence-by-investment certificates; and

Applications for the new Malta Permanent Residence Programme – MPRP – can now be submitted. For application forms and guidelines go to website www.residencymalta.gov.mt

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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