Malta Residence and Visa Programme (MRVP)

How to acquire residency in Malta via the Malta Residency and Visa Programme - Financial Requirements

Available to Non-EU individuals and their families, The Malta Residence and Visa Programme Regulations subject its applicants to a background check and a financial investment which is summarized as it follows:

• Property Requirement
  
  • Purchase of minimum €270,000 for a property situated in Gozo or in the south of Malta, or €320,000 elsewhere in Malta
  • Rental of minimum €10,000 per annum for a property in Gozo or in the south of Malta, or €12,000 per annum elsewhere in Malta.
• Investment Requirement
  
  • Makes an investment of minimum €250,000 in government bonds with a financed option available
• Contribution Requirement
  
  • Making a non-refundable government contribution of €30,000

Proof of a minimum net wealth of €500,000 or a minimum income of €100,000 per annum arising from outside Malta is needed to apply for the Malta Residency and Visa Programme (MRVP).

Our team will guide you through the process of becoming a Maltese Resident whilst the Consultants from Malta Sotheby’s International Realty will be able to find you the right property for your investor’s needs that will fulfil the investment criteria.

Expert Guidance on Acquiring Your Dream Property and Meeting Investment Requirements

Cost

To be eligible for residency under the updated regulations of the Malta Permanent Residence Programme (MPRP), prospective candidates must meet the following criteria:

• Meet Property Requirements:
  • If purchasing a property, it must have a minimum value of EUR 350,000 in Malta or EUR 300,000 in Gozo or the South of Malta.
  • If opting for a rental property, the annual lease must be at least EUR 12,000 in Malta or EUR 10,000 in Gozo or the South of Malta.
• Government Contributions:
  • For property buyers, the contribution consists of EUR 28,000, with an additional EUR 7,500 for each parent or grandparent of the principal applicant or spouse.
  • For renters, the contribution is EUR 58,000, with an extra EUR 7,500 for each parent or grandparent of the principal applicant or spouse.

Make a EUR 2,000 donation to a local non-governmental organization registered with the Commissioner for Voluntary Organisations, or as otherwise approved by the Agency.

Administration Fees

An administrative fee of EUR 40,000 per application is required. An initial payment of EUR 10,000 is required upon application submission, with the remaining EUR 30,000 payable upon approval of the application.

Benefits of The Malta Residence and Visa Programme Regulations

Acquiring residence through the Malta Residence and Visa Programme Regulations is certainly a decision which is not to be rushed. CSB Group Advisory Team will assist you in every part of your decision-making journey and process your application smoothly.

The Malta Residence and Visa Programme Regulations will give you and your family

• A European Base: for your personal life and business,
• Flexibility within the EU: travel within the Schengen area without the need of a Visa
• Asset Diversification: by making an investment in government bonds and real estate

Getting an alternative residence in Malta through the Malta Residence and Visa Programme Regulations remains the alternative of choice for individuals and families alike. The Malta Residence and Visa Programme is a smart investment for families that can grant them and their children a safe harbour in the EU, with high lifestyle and top education opportunities.

The Malta Residence and Visa Programme Regulations allows individuals and their families to acquire residency in one of the safest countries with the lowest crime rates and accessibility to top education.

Malta boasts a world-class healthcare system, ensuring residents have access to excellent medical services, contributing to peace of mind and well-being. Moreover, the country enjoys remarkable political stability, with a strong democratic tradition, providing residents with a secure and predictable environment.

Malta's Mediterranean climate with its mild winters and abundant sunshine is a major attraction. The island's idyllic weather offers residents a pleasant and sunny lifestyle year-round, making it an ideal destination for those seeking a more relaxed and enjoyable way of life. These benefits, among others, make the MRVP a compelling choice for those considering a new residency option.

Eligibility for the Malta Residence and Visa Programme

Similar to the previous regulations, only individuals who are not citizens of the European Union, known as Third Country Nationals, are eligible to apply for this programme under the new Malta Permanent Residence Programme (MPRP) guidelines. It's important to note that EEA nationals and Swiss nationals are exempt from this categorization as third-country nationals.

This programme defines qualifying dependents as follows:

The principal applicant's spouse, whether in a monogamous marriage or in a relationship of equivalent status to marriage.

Children, including those who have been adopted, of the principal applicant or their spouse, provided they are under 18 years of age at the time of application.

Adult children aged 18 or older, who are unmarried and primarily dependent on the principal applicant.

Financially dependent parents or grandparents of the principal applicant or their spouse.

To include grandchildren as dependents, the principal applicant must legally serve as their guardian, and proof of this guardianship will be required during the application process.

Dependents 

The MPRP outlines the criteria for qualifying dependents, including:

• The principal applicant's spouse, whether in a monogamous marriage or in a relationship with a similar status to marriage. The term "spouse" is applied in a gender-neutral manner for MPRP purposes.
• Children, whether biological or adopted, of the principal applicant or their spouse, provided they are under 18 years of age at the time of application.
• Adult children aged 18 or older, who are unmarried and primarily reliant on the principal applicant.
• Financially dependent parents or grandparents of the principal applicant or their spouse.
• To include grandchildren as dependents, the primary applicant must legally serve as their guardian, and evidence of this guardianship is a prerequisite for the application process.

The Certificate

This is a crucial document within the framework of Malta's residency programme. This certificate is issued to successful applicants who meet the programme's requirements and are granted residency in Malta. It serves as formal proof of their approved status, enabling them to reside in Malta and enjoy the associated benefits. The Certificate is a tangible symbol of one's legal right to reside and thrive in this vibrant and welcoming Mediterranean nation.

How can CSB Group help you to acquire a Malta Residence and Visa Programme Regulations status?

With a history and tradition in Malta, CSB Group operates from Malta providing top-notch services to Private Clients worldwide. Having more than 35 years in the Service Industry has been advising worldwide Private Clients and High Net Worth families in their Investment Immigration needs since the inception of the programmes in the country.

A Streamlined Process

The Malta Residence and Visa Programme Regulations have a processing timeframe which ranges approximately between 8-10 months from the submission to the application to the issuing of the eResidence cards. CSB Group Advisory Team will assist you and your family on every step of the journey to your Malta Residence and Visa Programme Regulations (MRVP) status.

Also, the Associates from Malta Sotheby’s International Realty will assist you in finding the best and most suitable properties on the island that can cover your family needs and investment desire. Malta Sotheby’s can give you access to the finest and most desired properties in the island, guiding you through the path of buying a property in order to fulfil part of the financial criteria required to get a Malta The Malta Residence and Visa Programme Regulations (MRVP) Visa.