Non-EU Nationals interested in taking up permanent residence in Malta can now avail themselves of the Malta Residence and Visa Programme. This programme follows on the success of the Malta Individual Investor (Citizenship) Programme and allows the beneficiaries together with their registered dependents to reside, settle or stay indefinitely in Malta.
Eligibility to the Malta Residence and Visa Programme requires applicants to satisfy a three-tier investment, including:
- An initial contribution of €30,000 (non-refundable), in the manner as requested by Identity Malta;
- A Qualifying Investment in a form determined by Identity Malta having an initial value of €250,000. This investment ought to be held for a minimum period of 5 years from the date of the issue of the Malta Residence and Visa Programme certificate;
- Title to a qualifying property, which must be held for a minimum period of 5 years from the date of issue of the certificate. This can be either through ownership of an immovable property purchased for not less than €320,000 for property situated in Malta, or €270,000 for a property situated in Gozo or in the South of Malta; OR through Leasing for a rent of not less than €12,000 per annum in the case of property situated in Malta or €10,000 per annum in the case of property situated in Gozo or in the South of Malta.
Other general requirements for a person to be issued a certificate under the Malta Residence and Visa Programme demand that such person.
- Is at least 18 years of age;
- Is a third-country national (i.e. non-EU/EEA/Swiss);
- Is not a long-term resident;
- Is in possession of health insurance in respect of all risks across the whole of the European Union normally covered for Maltese nationals for himself and his dependents;
- Has an annual income of not less than €100,000 arising outside of Malta or in possession of capital of not less than €500,000;
- Commits himself to provide proof of title of a qualifying property in Malta in accordance with these regulations;
- Commits himself to invest in a qualifying investment;
- Commits himself to pay in full the contribution in terms of these regulations.
- Is not a person who benefits under other Malta Residence programmes
The certificate issued under these regulations shall be monitored annually for the first five years and every five years thereafter.