The Maltese government has proposed new changes to Golden visa program, which was previously known as Malta Residency Visa Programme.

The New scheme known as Malta permanent residence program (replacing MRVP) will likely launch March 2021 becoming more cheaper and easier to apply.

The proposals have been tailored to be more attractive, with the aim of attracting more talent and to encourage applicants to venture into other areas and opportunities which malta offers.

What has changed?

  • Malta removed the qualifying investment of €250,000 in Government stocks or bonds which was previously required. Now you have to pay a flat fee.
  • The Government fee structure has been increased €98,000 (if you rent) and €68,000 (if you buy real estate)
  • NGO charity donation option has been added

Program Benefits

This program fits well for those who want only permanent residency or green card in the schengen area and don’t want citizenship. For example you restricted from acquiring dual nationality.  The Malta Permanent residency Programme does not lead to Citizenship

  • Low administration fees, more cheaper than previous version of program
  • Permanent Residency and the right to settle indefinitely;
  • Freedom of movement to the Schengen Zone for all applicants;
  • Up to four generations can apply for the Programme;
  • The right to find employment or to set up a business;
  • No minimum stay restrictions.

Eligibility Criteria (Main Applicant)

A total capital of a minimum of €500,000 net assets of which at least €150,000 in liquidity or other financial instruments’;

Investment contributions

OPTION 1: RENTING OF PROPERTY

  • €40,000 MRVA administration fee;
  • €58,000 Government contribution;
  • €10,000 Rent in the South of Malta OR €12,000 Rent in the North of Malta.

OPTION 2: PURCHASING OF PROPERTY

  • €40,000 MRVA administration fee;
  • €28,000 Government contribution;
  • €300,000 Property in the South of Malta OR  €350,000 Property in the North of Malta.

Donation:

Donation to a Non-Governmental Organisation of €2,000;

Health insurance

The purchase of a Health Insurance covering the Maltese islands for each and every applicant;

Additional costs

  • Additional Dependents (parents-in-law & grandparents) – €7,500 per capita;
  • Spouse of an already approved main applicant – €7,500;
  • Child 18+ of an already approved main applicant – €5,000;
  • Minor child of an already approved dependent child/or of an already approved spouse – €5,000;

Please contact us for more information.