Malta Residence and Visa Programme (MRVP)

Malta Residence and Visa Programme | Papilio Services Limited

Malta Residence and Visa Programme | Papilio Services Limited

The Malta Residence and Visa Programme (MRVP) was launched on the 28th August 2015 through Legal Notice 288 of 2015 by the Parliamentary Secretary for Competitiveness and Economic Growth. The MRVP has been updated by Legal Notice 189 of 2017. The Malta Residence and Visa Programme is one of a number of Malta special residence programmes and is available to non-EU/EEA/Swiss nationals and their dependants. After a successful application under the Malta Residence and Visa Programme, the applicant and dependants are issued with a residence permit that allows the beneficiaries to reside, settle or stay indefinitely in Malta.

What are the conditions of the Malta Residence and Visa Programme (MRVP)?

MRVP

MRVP

An application under the Malta Residence and Visa Programme must satisfy a number of conditions, including:

• The Main Applicant for status under the Malta Residence and Visa Programme must be at least 18 years of age;
• The Main Applicant for status under the Malta Residence and Visa Programme must be a Non EU/EEA/Swiss national;
• The persons on the application for status under the Malta Residence and Visa Programme must hold a valid travel document;
• The persons on the application for status under the Malta Residence and Visa Programme are fit and proper persons (a due diligence exercise is carried out by the Maltese Inland Revenue Department prior to the granting of the status);
• The persons on the application for status under the Malta Residence and Visa Programme are in possession of sickness insurance in respect of all risks across the whole European Union normally covered for Maltese nationals and are in possession of a certificate showing that they are not suffering from any contagious disease and that they are otherwise in good health;
• The persons on the application for status under the MRVP must not be persons benefitting from another residence or employment programme of Malta;
• The Main Applicant for status under the MRVP is in receipt of stable and regular resources which are sufficient to maintain himself/herself and his/her dependents without recourse to the social assistance system in Malta (and provides an affidavit declaring that he/she has annual income in excess of €100,000 arising outside Malta or has in his/her possession capital worth at least €500,000).

MRVP Malta Residence and Visa Programme

MRVP Malta Residence and Visa Programme

Property Requirement for the Malta Residence and Visa Programme

In addition to the above, the Main Applicant must hold a qualifying property for a minimum period of 5 years. The qualifying property should be a property situated in Malta purchased at a consideration of at least €320,000. The consideration value can be lowered to €270,000 if the property be situated in Gozo or the South of Malta.

The Malta Residence and Visa Programme allows for the leasing of a qualifying property for a minimum period of 5 years. The qualifying property if situated in Malta should be leased for not less than €12,000 per annum. The lease per annum can be lowered to €10,000 for properties leased in Gozo or the south of Malta.

In all cases the property should be occupied by the applicant of the MRVP as his/her primary residence. It should not be shared with other individuals except his/her dependents, including spouse, parents and children.

Malta residency requirement in property

Malta residency requirement in property

Investment requirement for the Malta Residence and Visa Programme

In addition to the above, the applicant of the MRVP must hold a qualifying investment for a minimum period of 5 years. A qualifying investment means an investment in a form determined by Identity Malta (eg Malta Government Bonds) having an initial value of at least €250,000.

How much does the Malta Residence and Visa Programme Cost?

A non-refundable application fee of €5,500 is payable to Identity Malta on application of the Malta Residence and Visa Programme. A further contribution of €24,500 is payable to the Government of Malta upon approval of the Malta Residence and Visa application (and before the certificate is issued). An additional €5,000 is payable for parents/grandparents and for a spouse if he/she was not included on the original application.

Authorised Advisors of the Malta Residence and Visa Programme

Malta Residence and Visa Programme applications may only be submitted to Identity Malta through the services of an accredited person. As an accredited agent, Thomas Jacobsen may assist you and your family further.