Malta may be the smallest country in the world but when it comes to safety, it is also the second best country in the world. Malta is a forward-looking nation with cosmopolitan lifestyle in strategic location in Europe, welcomes expats to its shores embracing diversity and multiculturalism.
Malta is the fastest growing economy in Eurozone with english being one of the official languages, being a former english colony having a 7000 year old history
Malta is a member of the Commonwealth of Nations and the United Nations. It joined the European Union in 2004, became part of the Schengen Area in 2007 and part of the eurozone in 2008.
Malta with a democratic and stable government, a robust economy, an ecosystem of business opportunities, hospitable people and an all-year-round mild climate, lots of sunshine makes it the perfect place for families of to live, work, study, do business and permanently settle in Malta.
The Maltese golden visa scheme (MRV) offers greencard rights to third country nationals from outside EU who buy Government bonds or stocks in the country. It remains the cheapest permanent residence program in the European Union.
Permanent Residency
- Cheapest PR scheme in Europe
- Low administration fee
- Open to all third country nationals
- Free movement in the Schengen area Family members upto 4th generation get PR
- Settle for indefinite time in Schengen area
- Citizenship after 5 years of living
- Favourable tax regime for investors
- Full Access to real estate market in
- Malta Residence certificate issued valid for lifetime
- No residence or living requirements
- Malta has the Best schools and universities for children
- Ideal for expats and retirees looking for a warm climate and sunshine
Legal Basis
Legal basis of the Maltese golden visa scheme based on Legal Notice 288 of 2015, as amended by Legal Notice 189 of 2017, granting third country nationals who are issued with a Residence certificate under the regulations entitled to the right to reside, settle or stay indefinitely in Malta together with their registered dependents. The scheme is officially known as Malta Residency Visa (MRV).
How much it costs?
1. Financing option
Financing Government stocks or bonds is the cheapest investment route to apply for maltese permanent residency
€125,000 all inclusive costs per family (Includes agent fee, Govt 30K euro processing fee)
This is the most popular route for many clients.
2. Government bonds
If you have access to €250,000, then you can subscribe to Malt Government (Govt) bonds. Govt bonds are the most trusted guaranteed form of investment. If you should to invest €250,000 in Govt bonds, you get the entire investment refunded back without interest after 5 years. You still have to pay Govt processing fee and Agent fee which comes around €300,000 in total.
Eligibilty Conditions
- Proof of assets of alteast €500,000 or annual income of €100,000
- Health insurance for applicant and dependants
- No criminal record
- Nationals from Iran, North Korea, Afghanistan cannot apply
Malta Citizenship
This scheme offers path to citizenship after 5 years of living and satisfying naturalisation conditions.
Malta Passport
Malta has highly respected and powerful EU passports in the world. As of 2020, Maltese citizens had visa free access to United States, Canada, Australia and over 180 countries and territories. The Golden visa scheme offers investors path to Maltese passport after 5 years of living. Other naturalisation conditions must also be satisfied.
Q&A
1. What makes Malta golden visa program interesting?
It is a passive investment scheme, you invest and just relax. No additional requirements such as investing in business or creating jobs.
2. Are there any quotas?
None
3. Do i need to personally visit Malta?
Yes, once after the approval letter is issued (takes 6 months) to complete the formalities. You have to apply for malta schengen visa at the nearest consulate or if you come to Malta apply at the immigration office.
4. What is the processing time period?
Please allow 6-7 months for the whole process to complete including doing background checks.
5. Do i have to rent a place for living?
It is a must under MRV program rules. It will cost you additional €10,000 a year.
6. Can i buy real estate?
Yes, you can. If you buy a property as home, you dont need to rent a place. It is addition on top of the MRV pricing.
7. Can i include parents and grandparents?
Yes, you can but you must pay additional Govt fee €5,000 per person.
8. Can i include households?
No
9. Can i work under this program?
You have to apply for work permit separately
10. Are there any tax benefits?
No special tax benefits given to MRVP investors