If you are in this section, this means you are looking for a unique strategy to safeguard your future prosperity and security.
If you are a third-country national, then you and your family can permanently relocate to Malta through Malta Permanent Residency Program that grants you a Maltese residence permit.
Through Malta PR, you and your family get the right to reside, settle and stay indefinitely in Malta. It is done by issuing you with a lifetime Permanent Residence Certificate together with a Malta Residence Card.
In simple words, you and your family can take up Malta Permanent Residence through the Malta Residency by Investment Program.
Given that Malta is a member of the European Union and also the Schengen area, you enjoy unrestricted entry into Malta as well as free movement within the Schengen Area, within the Schengen agreement. This means you can cross internal borders without checks.
But first, let us first start with,
Benefits of Malta Residency by Investment
Business Benefits with Malta PR
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Base your operations in the European Union’s fastest-growing economy;
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Opportunity for unlimited access to the European Union, the world’s largest economic zone;
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Investment options in a stable and booming real estate market;
Family Security through Permanent Residency in Malta
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Relax in one of the safest countries in the world;
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Access to leading health care institutions;
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Secure your children’s future through a world-class education system;
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Apply for a European Long-Term Residence Permit after 5 years in Malta;
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Personal security for you and your family, in case of instability in your native country;
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Affordable real estate options for buying a second home;
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The eligibility to apply for naturalisation as a Maltese citizen.
Travel Benefits with Malta PR Card
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Mobility is key. Lifetime travel without border checks across 26 Schengen visa countries.
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That means no more time-consuming Schengen visa application hassles.
SCHENGEN COUNTRIES
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Settlement Benefits to Malta PR holders
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The right to indefinitely reside, settle and stay in Malta;
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Enjoy a progressive and politically stable country;
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Live the relaxed Mediterranean life;
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Enjoy the warm summers and moderate winters;
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Easily communicate through English as an official language;
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Affordable yet amazing standard of living;
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Infinite profitable investment property options;
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Pollution-free environment.
So by now, we believe that you have a good idea about the benefits that come with Maltese residency. But, if you still have any query, please feel free to reach out to us at info@endevio.com.
Malta Residence and Visa Program Cost
First things first... You are NOT required to pay the entire amount in one go.
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Contribution to the Government of Malta;
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Property Purchase or Rental Requirements (Qualifying Property); and
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Investment Upon Approval (Qualifying Investment).
Malta Permanent Residency Cost | |
Contribution to the Government of Malta |
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Qualifying Investment |
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Qualifying Property |
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The Malta Permanent Residency Program could be the solution to every query you may have. Reach out to us today at info@endevio.com to know more about it.
Now that you know what the MRVP is and the benefits it entitles you to, along with its cost,
Let us jump to the next big question,
Eligibility Criteria for Malta PR
For you to be eligible for the Malta PR, you must meet several Malta immigration requirements, namely:
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Be at least 18 years of age;
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Have an annual income of not less than €100,000 arising outside of Malta, or have a global net worth in excess of €500,000;
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Have a stable and regular income for maintaining yourself and your family;
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Have medical insurance that covers you and your family globally;
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Have a certificate of good health from a reputable health system;
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Not be considered a potential national security risk;
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Not having a reputational risk; and
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Not subject to criminal proceedings.
You will be required to pay the amounts at different stages of the application.
By now, you know how you can be eligible and how much Malta Permanent Residency will cost you.
Let us move further and discuss;
Malta PR Application Process (Timeline)
To make it simpler for you, we have created a week wise flowchart to explain the Malta residency application process (Expand below to learn more).
WEEK 1
a) Monetary Requirements
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You are required to deposit against professional fees.
b) Professional Due Diligence
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Initial background check followed by compliance approval.
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The signing of the letter of engagement.
WEEK 8
a) Monetary Requirements
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You are required to pay the Government Due Diligence Fees & Bank Charges together with the balance of professional fees.
b) Government Due Diligence
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Submission of Complete MRVP application Pack to MRVA.
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Commencement of due diligence by MRVA.
c) Professional Fees
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Conclusion of Professional due diligence.
WEEK 34
a) Government Due Diligence
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Independent investigative due diligence.
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Clarification questions by MRVA.
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Notification of the outcome by MRVA.
WEEK 37
a) Monetary Requirements
If approved - payment of the remaining contribution:
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Qualifying Investment: €250,000 (See FAQ Below).
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Qualifying Property (See FAQ Below).
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Qualifying Health Insurance (See FAQ Below).
WEEK 40
a) Government Due Diligence
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Here yours and your families physical presence is required for Biometrics.
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Issuing of Lifetime Residency Certificate.
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Issuing of Residency Card.
Frequently Asked Questions (FAQs)
Below we have listed some frequently asked questions (FAQs);
Q1 What is Malta Permanent Residency (and how can it be obtained)?
Answer:
It is a scheme designed to attract all individuals and their families to take up permanent resident status in Malta. If you are a non-EU national and have been legally residing in Malta for five consecutive years (with some allowable absence) you can be eligible to apply for Long-Term Residency status. This scheme is also known as Long-Term Residency scheme.
Q2 What does Qualifying Property mean?
Answer:
Under the MRVP a qualifying property means the acquisition of real estate with a minimum value of €320,000 (€270,000 if located in Gozo or the South of Malta) to be held for at least 5 years; or the lease of residential immovable property in Malta for a period of 5 years, at an annual rent of at least € 12,000. (€10,000 if located in Gozo or the South of Malta).
Q3 What does Qualifying Investment mean?
Answer:
This means €250,000 value in debt or equity securities listed on the Official List of the Malta Stock Exchange. Investment in these securities may also be achieved through an investment in collective investment schemes that are licensed and are on the Official List of the Malta Stock Exchange.
Such investment is to be retained for a period of 5 years following the granting of the residency certificate.
Q4 What is the requirement for Health Insurance?
Answer:
Evidence of possession of Health Insurance in respect of all risk (for a cover of at least €30,000) across the whole of the European Union for the applicant and all his/her dependents.
Such an insurance policy is to be retained indefinitely.
Final Words
Malta’s jurisdiction is an attractive option if you are looking for opportunities to relocate. If you are thinking of becoming a Resident of Malta, some of the many factors that rank Malta amongst the top ones are:
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Steady economic growth;
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Political stability;
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Its geographical location;
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Booming sectors including financial services, maritime, aviation, gaming and real estate;
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One of the world’s safest countries.
Many residents are attracted to this island state every year. They may be freelance professionals who can work remotely or retirees from countries like Northern Europe or the UK. Everyone who decides to become a resident of Malta is attracted to its natural beauty and architecture; relaxed lifestyle; the affordable cost of living along; and its rich historical culture.
Why Endevio as your Relocation Services Advisor?
In an ever-changing world, the decision to structure and manage wealth through a Family office can be complex.
Whether you are or working for, a private individual or a family office, we provide unified advice on a full range of services including investment structuring, corporate and regulatory.
Our scope is to help high-net-worth clients design and put in place a unified, holistic and workable structure to hold their assets and manage them in conjunction with other professional advisors. Whether your goal is to dedicate efforts to philanthropy, increase asset protection or achieve the orderly transfer of wealth for the next generation, we will guide you through the process of realising these goals.
Through Endevio and Integritas strategic partners' international presence, we have a vast experience in developing and providing holistic services that are suited for each client.
Endevio & Integritas are notable Malta-based firms that deliver excellence in the international market. The firms are known for their quality in dealing with the full range of corporate services and advising high-net-worth clients on their private affairs.