Malta Residence and Visa Programme (MVRP)
The Malta Residence and Visa Programme (MRVP) is intended for high net worth individuals and their families, who are not nationals of the European Union (EU), European Economic Area (EEA) or Switzerland, who wish to take up residence in Malta.
Minimum Criteria for Main Applicant
The Primary Applicant for the MRVP must meet the following requirements:
- Be over 18 years of age;
- Obtain a property in Malta and provide proof thereof, with a minimum value of €320,000 and not dispose of such property for a period of 5 years or lease a property for at least 5 years with a minimum annual rent of €12,000;
- Main applicant must be in receipt of an annual income of not less than €100,000 arising outside Malta or has capital of not less than €500,000.
- Main applicant must obtain a health insurance policy for the applicant and dependents for all risks across the whole of the EU;
- Commit to a qualifying investment of an initial value of €250,000 which must be held for a minimum period of five years from the date of the certificate. This must be an investment in Malta government bonds or in a fund which invests in them.
- Commit to pay a contribution of €30,000, €5,500 of which are to be paid as a nonrefundable administrative fee upon application.
Classification of Dependents
Dependents who may be included within the MRVP application of the main applicant are the following:
- The spouse of the main applicant in a monogamous marriage or in another relationship having the same or a similar status to marriage;
- Children, including adopted children of the main applicant or the spouse, that are under the age of 18;
- Adult children, including adopted adult children of the main applicant or the spouse, that are over the age of 18, who at the time of the application is unmarried, not economically, active and is principally dependant on the main applicant; and
- Parents or grandparents of the main applicant or the spouse, who at the time of the application is not economically, active and is principally dependant on the main applicant.
The Criteria of Eligibility for the Main Applicant and Dependents
Subject to the above an applicant and their dependents must meet the following additional criteria:
- Background verification of the main applicant and dependents older than 14 years of age;
- The Main applicant and dependents older than 14 years of age must have a clean criminal record issued by the competent authorities in the country of origin and in all the countries where one resided for at least 6 months during the last 10 years;
- Should not be indicted before an International Criminal Court nor appeared before such Court nor listed with the International Criminal Police Organisation (INTERPOL);
- Should not be a potential threat to the national security, public policy or public health;
- Should not have had at any time pending charges or charges that infringe upon the Protection of Human Rights and Fundamental Freedoms nor have been found guilty at any time or are being interrogated and suspected at the time of application other than for involuntary offences; and
- Be in possession of a valid travel document and of health insurance in respect of all risks across the whole of the EU.
Benefits of the MVRP
The MRVP grants the applicant and their family:
- A residence certificate with indefinite validity and visa-free travel within the Schengen Area;
- Eligibility to apply for long-term resident status. This being a permanent status, which grants a non-EU national a set of uniform rights almost identical to those given to EU citizens.
An applicant seeking to apply and benefit from the Malta Residency by Investment Programme is required to do so through a registered approved agent or a registered accredited person. Zeta Advisory Services Limited is an Accredited Agent of Identity Malta and can assist you in this request.
The application is to be submitted to Identity Malta subject to their requirements and supporting documentation, together with the non-refundable fee of €5,500.
Once approval of the application has been acquired, Identity Malta shall determine this in writing and the individual may proceed with putting in place the mentioned criteria.
Application Process Timeline
- The application is processed and checked for completeness and the necessary due diligence process is carried out by Identity Malta;
- A letter of Approval in Principle is then issued, following which, the applicant must pay the remaining balance of the €30,000 contribution fee, present the necessary title to a Qualifying Property as well as the certificate to a Qualifying Investment;
- A Certificate of Residence including the details of the beneficiary and dependents is issued. This certificate is valid indefinitely and will be monitored annually for the first 5 years and every 5 years thereafter;
- A Maltese e-Residence card will also be issued following the taking of biometrics of both the beneficiary and dependents. This card will be valid for 5 years, and renewable for further equal period of 5 years.
For more information on how Zeta can assist you please contact our Business Development department on firstname.lastname@example.org.