Malta Golden Visa

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The Malta Golden Visa Programme (MRVP)

The Malta Golden Visa Programme allows Non-EU citizens willing to obtain residence in a European country the opportunity to become a resident in Malta. Families can apply for the Malta Golden Visa and be granted a residence permit valid for five years in one of the most beautiful European countries. 

Malta offers a unique Mediterranean lifestyle, good educational institutions, world-class health care and economic stability with a high standard of living and quality of life. Becoming a permanent residence also grants successful applicants visa-free travel within the Schengen area.

How can you apply for the Malta Golden Visa & how does the process work?

Those wishing to apply can qualify for the Malta Golden Visa programme after passing stringent Due Diligence checks and meeting the qualifying investment criteria needed for the programme. The Malta Golden Visa Programme is regulated by the Legal Notice 288 of 2015, amended by Legal Notice 189 of 2017 issued as subsidiary legislation of the Immigration Act (Cap 217).

However, seeking residence in a new country can be a daunting challenge which is why it is important to work with a company that is recognised and authorised by the Maltese government to assist those who are interested in the Malta Golden Visa Programme. A trusted advisor will be able to guide you through the entire process and ensure that you meet the necessary requirements in order to qualify for the programme.

The application process works as follows;

  • Find your trusted advisor
    • All applications to the programme must be submitted by an authorised Agent. Thus, it is important to find a company that has the experience and knowledge with the investment programme who will understand your goals better and indicate any repercussions from a tax standpoint and herby streamlining your move to Malta. 
  • Prepare your application 
    • Your trusted advisor will help you prepare the forms and documentation, so the application is submitted to the Malta Residence Visa Agency (MRVA) with all the necessary documentation and requirements – thus avoiding any unnecessary application delays. The MRVA will perform Due Diligence and background checks on all applicants. 
  • Application Approval – Residence 
    • Once the application has been approved by MRVA, proof of the investment funds needs to be submitted. Thereafter the Permanent Residency Certificates and residence cards will be issued. There is a series of documents and forms that need to be submitted. Generally speaking, these are birth and marriage certificates, police clearance, passport copies, etc. All documents must be legalized, apostilled and translated into English if in any other language. The entire processing time would typically take 4-6 months since the submission of the application, but this may take longer depending on each file's particularities.

Which investments qualify for the Malta Residence and Visa Programme (MRVP) Rules?

The Malta Golden Visa is available to Non-EU investors and their families. Applicants must pass a stringent background check and be in a position to fulfil the financial investment requirements upon approval of the Malta Golden Visa application. These investments are as follows; 

  • A Real Estate Investment
    • Successful applicants will need to make a real estate investment, which may take the form of either;
      • A minimum property purchase of €270,000 if the real estate is situated in Gozo or the south of Malta, or an investment of €320,000 if the property is located in any other areas of Malta.
      • A minimum residential rental property to the value of €10,000 per annum for a property in Gozo or the south of Malta, or a minimal residential rental of €12,000 per annum elsewhere in Malta.
      • The property investment must be held and maintained for a minimum period of 5 years. During this time the property must serve as the permanent residence of the applicant and that of the beneficiaries included in the application. This residence - in a beautiful European country, with visa-free travel within the Schengen area - serves as the primary address on the applicants granted Residence Permit in Malta.
  • Investment in Government Bonds
    • A further investment of no less than €250,000 needs to be made into Maltese Government Bonds - these bonds must be held for a minimum period of 5 years. Applicants can opt to use the financed option available to make this contribution. 
  • Make a Non-Refundable Contribution
    • Lastly a non-refundable once of government contribution of €30,000 must be made. This is a mandatory contribution and a further €5,000 is applicable for every adult-dependent added to the application.

Who can qualify for the Malta Golden Visa programme?

The Malta Golden Visa programme is available to non-EU citizens and their families. The programme grants successful applicants and their dependants included on the application a residence permit allowing them to live in Malta as a permanent resident. Qualifying dependants can be defined as follows;

  • The spouse of the principal applicant in a monogamous marriage or a relationship having the same or a similar status to marriage. 
  • Children under the age of eighteen, including adopted children. 
  • Children over the age of eighteen who are not married, not economically active and are principally dependant on the main applicant. 
  • Parents or grandparents of the main applicant or the applicants’ spouse who are not economically active and principally dependant on the main applicant; 
  • Adult children certified by a recognized medical professional or authority as having a disability in terms of the Equal Opportunities (Persons with Disability) Act.
All the family members named above will be able to benefit from the Malta Golden Visa and enjoy permanent residency in a European country and visa-free travel within the Schengen area. All applicants will be granted a residence permit, which will allow them to live in Malta. Whilst the Malta Golden Visa is not a tax programme, applicants may be subject to tax if they spend a certain amount of time on the island. It is important to consult with an experienced & trusted advisor (link to CSB?) to fully understand the tax repercussions of a physical move to Malta.

 

How we can help you to get your Malta Golden Visa?

Malta Sotheby’s International Realty will work closely with you and an authorised entity to understands your goals and assist you in finding the right property for you in Malta together with our trusted partner who will be able to guide you through the entire process of becoming a Maltese resident through investment.

FAQ's

  • Why Invest in the Malta Golden Visa?
    With a stable economy and a GDP that shows a year on year growth, Malta is a safe and sound investment option. The Malta Golden Visa not only grants successful applicants visa-free access to the Schengen area but allows them to reside in a country with a stable political climate, sound education, a low crime rate and a strong healthcare system. Malta’s close proximity to the rest of Europe makes doing business across the EU easy and accessible. 
  • How long does it take to get the Malta Golden Visa?
    The process for obtaining the Malta Golden Visa normally takes between 4 to 6 months from the submission of the application. These times may vary depending on a number of factors. In this regard, it is always best to work with a recognised and authorised company to assist you with your residence needs.
  • At what stage of the application process do I make the investment?
    The Malta Golden Visa investment is only made once the application has successfully been accepted. This gives the applicant peace of mind knowing with certainty that their residence will be granted and the investment will not be wasted. 
  • Can I work under the Malta Golden Visa Program?
    No, regrettably those who obtain a Malta Golden Visa are not permitted to work in Malta. The Malta Golden Visa grants the applicant resident status but does not equate to a work permit. 
  • Can I apply for a work permit once I have been granted the Malta Golden Visa?
    Yes, once the application for the Malta Golden Visa has successfully been approved and granted, you may begin the process of applying for a work permit in Malta. 
  • Can I start a business under the Malta Golden Visa Programme?
    No, business investments do not qualify for the Malta Golden Visa Programme. However, once your application for the Malta Golden Visa Programme has successfully been approved and granted you can open a business of your own in Malta. 
  • Are there any other costs associated with the Malta Golden Visa Programme?
    Regular costs of the Malta Golden Visa include a contribution to a Non-governmental organisation (NGO), your application fee for yourself and any dependants, a contribution to the Government and a real estate investment in the form of a property purchase or a monthly residential rental. There is also a minimum processing fee for the issuance of the residence cards and the fees of your trusted advisor.
  • Will I have access to health care under the Malta Golden Visa Programme?
    No, those who are Malta Golden Visa residents will need to have their own private Health Insurance in Malta. Health insurance is typically payable once a year and is valid for 12 months.
  • Can I be rejected from the Malta Golden Visa Programme?
    All applications are subject to rigorous due diligence. Applicants who do not fit within the government criteria will be rejected. Henceforth the importance of working with a recognised and authorised company that has experience with citizenship and residence in Malta.

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Malta Sotheby's International Realty

Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.

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