M A L T A : 300.000 €
Permanent Residence Programme
guidelines and applications
Malta Permanent Residence Scheme
The 1988 Malta Permanent Residence Scheme was designed to attract affluent individuals and their families to take up permanent resident status in Malta. The scheme is especially attractive to retirees, authors, intellectuals and international consultants, entrepreneurs or simply persons seeking to establish an alternative residence that suits their lifestyle and tax profile.
The financial qualifications are easy to satisfy and permanent residents are entitled to the following benefits:
No minimum stay requirements
A low annual tax liability;
No world-wide income/wealth tax - tax only paid on income remitted to and kept in Malta
No proof or declarations of wealth is necessary.
No need to purchase property - rent is also acceptable.
No minimum investment requirements.
No Inheritance/Wealth Taxes
Our Permanent Residence Services
Our Malta partners are the oldest immigration specialists in Malta. We have successfully represented individuals and families ranging from expatriate retirees, emigrants seeking employment, to HNW individuals.
As advocates, our Malta partners are registered authorised mandataries according to law and our firm is authorised by the Maltese immigration and tax authorities. We are able to advise you on the tax and legal implications and requirements of the residence application process and indicate expected time frames based on the specific circumstances and nature of your application. Our advice covers the rules applicable to immigrating to Malta as well as practical relocation assistance ranging from transportation and insurance to schooling and health insurance coverage.
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The Malta Residency and Visa Programme, was launched by the Parliamentary Secretary for Competitiveness and Economic Growth, Dr. Jose’ Herrera, in 2015. Following the passing of relevant legislation in July 2017, the Malta Residence and Visa Agency (MRVA), was entrusted with the regulation and running of the Malta Residence.
This programme falls under the Immigration Act and is available for applicants who are third country nationals, along with their dependants (i.e. Spouse, children, parents and parents-in-law). This excludes EU/EEA AND Swiss nationals.
The applicant must not be under the Residents Scheme Regulations, the High Net Worth Individuals (EU/EEA/Swiss Nationals Rules), the Malta Retirement Programme Rules, the Residence Programme Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules.
For an applicant to qualify for the Malta Residence and Visa Programme, prior to receiving the Residency Certificate, he/she has to meet the following qualifications and requirements:
1. Be at least 18 years of age
2. Has an annual income of not less than €100,000 arising outside of Malta, or has in his possession a capital of not less than €500,000
3. Has stable and regular resources which are sufficient to maintain him/herself and any of his/her dependants
4. Be in possession of valid travel documents
5. Be in possession of health insurance in respect of all risks covered for Maltese Nationals
6. Be in possession of a Clean Police Conduct from one’s birth place as well as any country the applicant and his/her dependant/s have resided in for longer than 6 months in the past 10 years.
7. Has to Provide a certificate from a reputable health system proving that Main Applicant and all his / her dependants are otherwise in good health and will not be an unreasonable burden on the national health system
8. Has to a non-refundable Initial Fee of €5,500 that is to be settled upon submission of application
9. An additional €5,000 is to be submitted per dependant (excluding children of main applicant and/or the spouse)
Once the Residency Certificate is approved, the applicant is to meet the following criteria:
1. Pay the remaining contribution fee, amounting to €24,500, plus €5,000 per additional adult applicant, if applicable
2. Pay card fees amounting to €27.50 per person per year
3. Hold a qualifying property for a minimum of 5 years from the date of issuance of the Residency Certificate, either through the:
Option 1 : MRVP either renting or purchasing option:
Malta Residence and Visa Programme (update on 13th january 2021)
Property Rental Option € Property Purchase Option €
Contribution to Government 98,000 68,000
MA, SP and Minors € 30,000
Per Adult Dependent € 7,500
Minimum Property Rental or Purchase* 50,000 300,000
over 5-year period
Minimum Selected Investment Requirement* 250,000 250,000
Residence Card Fees 28 28
Per Applicant € 27.50
TOTAL 153,028 373,028
*The funds used for the property purchase option (€270,000), the selected investment requirement (€250,000), as well as any profits from the sale of such property and investments are redeemable after 5 years.
Option 2 : MRVP USING FINANCIAL OPTION
We have partnered with a Financial institution whereby they would buy the €250k bonds on behalf of the client for a fixed fee.
We are marketing it as a one lump sum cost of €152k (which would include the five year rental requirement)
M A L T A : 1.2 Million € - EU Citizenship
CITIZENSHIP PROGRAM MALTA
The Republic of Malta is one of the most stable and efficient economical and political European states. Its archipelago is consisted of 3 islands but the biggest and most developed one is Malta. Its friendly and cosy climate is attracting millions of visitors and being a part of Europe Union and also a Schengen alliance full partner, its Malta Individual Investor Program (IIP) is by far a very attractive asset. Due to its severe background checks and strict application process doing due diligence with government officiers, only highly respectable clients will be admitted and will have citizenship granted. We suggest the Citizenship Program Malta will offer our customers a lot of benefits.
BENEFITS OF THE CITIZENSHIP PROGRAM MALTA
Having a Maltese citizenship can ensure a much respected individual status, being a part of a well known stable European country.
Fastest and strict application process.
Full rights to establish in all over 27 European states.
Great opportunity for investment.
No nationality restrictions. (Iranians cannot apply for passport programs of Malta)
Visa-free travel to more than 160 countries including European Schengen states, UK and others.
Passport : after 14 months min.
Cost : 1,150,000 EUR + application fee
Main city : Valetta
Total area 316 sq km
Currency : € (Euro)
In order to qualify for this particular program, the applicant should have at least 18 years old and can include also his spouse and his dependent children and must submit a non-refundable contribution to National Development and Social Fund and should be eligible under other certain conditions. The proof of residence in Malta must be provided and possessed resident status in Malta for a minimum of 12–15 months prior to the issuance of a certificate. The certificate of Naturalization will be issued after at least 6 months after application was submitted. Furthermore our consultants will guide you through the whole submitting process for the Citizenship Program Malta.
Submit a non-refundable contribution to the National Development and Social Fund (NDSF) of EUR 650,000.
Acquisition of immovable property with a minimum value of EUR 350,000 mandatory held for at least 5 years or in lease of at least EUR 16,000 p.a.
Global Health Insurance coverage of at least EUR 50,000 for the main applicant is required and each of the dependants and must give proof that they can maintain the same for an indefinite period.
Stocks, bonds or other investment options for a period of at least 5 years with a minimum value of EUR 150,000
The proof of residence in Malta must be provided and possessed resident status in Malta for a minimum of 12-15 months prior to the issuance of a certificate
Dependents, family members can be included in one citizenship application:
Dependant children of 18 years of age and under.
Dependants between the age of 18 and 26 years of age, who are not married and who are wholly supported by the main applicant and form part of the household.
Dependants over the age of 55 years (e.g. parents), who are wholly supported by and who form part of the household of the main applicant.
Total costs will come around EUR 1,150,000 for single applicant, and additional costs apply for family and dependents. Only talented, wealthy, high respected applicants with excellent references are admitted into the Maltese IIP program. All applicants must undergo stringent due diligence and background checks before being approved (high refusal rates).
Additional contribution of a 25,000 euro for spouse and for each child dependant under age of 18
Additional contribution of a 50,000 Euro for any dependant child between 18 and 26 years old
due diligence fees of 7,500 Euro for main applicant and 5,000 Euro for spouse , adult children and parents and 3,000 euro for minor children.
The investor has resided in Malta for certain number of days and has proved genuine ties to Malta. This does not mean you have to live all the time in Malta. As per the program requirements, no sooner than 12 months, the citizenship application will be approved. The total all inclusive costs (Govt fee + Due diligence + Lawyer fee etc) for one person should come around approx EUR 1,2 Mio. Additional costs apply for dependants and family members.
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