Saturday, April 20, 2024

Malta Golden Visa

Malta is one of the best countries for residency in Europe. The Malta Golden Visa Programme  offers non europeans the possibility of acquiring an EU residence card with free movement in the Schengen area. The program is officially named as “Malta Residency and Visa Program (MRVP)” providing residency rights to investors who are non-EU / EEA / Swiss Nationals.  EU citizens cannot apply for this scheme.

Minimum Investment

The investment requirements for golden visa in Malta are:

  • Immovable 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)
  • An investment in government bonds 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)

Benefits of Golden Visa

  • EU residence permit card gives visa-free travel within Schengen area
  • Right to reside indefinitely in Malta
  • Five years’ permanent residence, renewable indefinitely
  • Investment required only for first five years
  • No residence requirement
  • Taxed only on Maltese source income and remitted income
  • Family members spouse and children can be included

Procedures and Time Frame:

The MRVP application requirements and procedures are reasonable and straightforward. The application is submitted to Identity Malta, 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. Identity Malta will issue successful applicants with a Maltese Residence Certificate which will be deemed to be a permit. The certificate will be monitored annually for the first five years from its issue, and every five years thereafter.

Source: https://identitymalta.com/new/malta-residency-visa-program-mrvp-guidelines-and-applications/

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. 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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