Q & A
Malta Residency by Investment
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Q
Who can apply as “Main Applicant” for the Malta Residency Program?
A
Adults over 18 years of age. Citizens of EU and EEA countries, Switzerland, Afghanistan and North Korea are not eligible to apply. |
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Q
Who can apply as “dependants” for the Malta Residency Program?
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Q
Do parents or grandparents have to be above a certain age to be eligible for Malta Residency by Investment Program?
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No |
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Q
Can household staff be eligible as dependants?
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No |
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Q
What is the validity period of the Permanent Residency Certificate and the Permanent Residency Card?
A
The Permanent Residency Certificate does not expire. The Permanent Residence Card is valid for 5 years and can be renewed. |
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Q
What are the non-refundable administration fees payable by each applicant for Malta Permanent Residence?
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Q
What is the “Qualifying Investment” in which an applicant needs to invest?
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Malta government stocks and/or bonds or in funds that invest actively in Malta government bonds. |
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Q
Can MigrateSmart help in meeting this criteria?
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Yes |
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Q
Can I sell the “Qualifying Investment” after 5 years?
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Yes |
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Q
Can I take a loan to buy the Qualifying Investment?
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Yes |
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Q
Do applicants need to own/lease property at the time of submission of application for Malta Residence Permit?
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No. The applicant has to own/lease property only after receiving the “Letter of Approval” in Principal. |
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Q
What is “Qualifying Property”?
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“Qualifying Property” is any residential property purchased or leased. |
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Q
Can an applicant sell or stop leasing the qualifying property during the 1st 5 years and replace it with another qualifying property?
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Yes |
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Q
Would the minimum property requirements no longer apply after a qualifying investment has been held for 5 years?
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The applicant is not obliged to retain possession of the qualifying property after 5 years. However, to retain residency he/she must provide a suitable address in Malta. |
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Q
Who needs to prove possession of assets or annual income?
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Main applicant only |
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Q
Is it normal for property to be co-owned by the Main Applicant and his/her spouse, children and sometimes parents/grandparents? Would this be acceptable as evidence of the €500,000 capital requirement?
A
Co-ownership is acceptable upto and including the spouse and children, as long as spouse and children are included in the application for Malta Permanent Residence. If the main applicant is applying on his/her own, only the value of his/her individual share will be accepted as forming part of his/her declared capital. |
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Q
Is any due diligence carried out on the main applicant and dependants?
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Yes, due diligence is carried out by both of us at MigrateSmart® and the government of Malta. The due diligence period is normally 2-4 months. |
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Q
Does the main applicant and their dependents need to be present in Malta when their Malta Permanent Residence application is submitted?
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No |
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Q
Is there a minimum amount of EU Health Insurance required by each Malta Residence and Visa Programme (MRVP) applicant and dependant?
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Yes. A minimum coverage of EU Health Insurance of € 30,000 must be provided by each individual in the application. |
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Q
Are there any Residence requirements upon obtaining a Permanent Residence Card?
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No |
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Q
Are there any language proficiency requirements to be met by applicants?
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No |
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Q
Can I work in Malta?
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Yes. But only with a “Work Permit” which can be applied for separately. MigrateSmart® can help you with this. |
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Q
Can I open up a business in Malta?
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Yes. MigrateSmart® can help you with this. |
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Q
Can a foreigner ever apply for the acquisition of Malta citizenship by naturalisation?
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Yes. A foreigner may submit an application for Malta citizenship by naturalisation after continuously residing in Malta for 5 years. He/she must have resided in Malta throughout the 12 months immediately before the date of application and 4 years out of the preceding 6-year period. He/she must also be knowledgeable in spoken/written English and Maltese. |
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Q
Can the permanent residence card be renewed abroad through the Maltese embassy?
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No |
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Q
How can Migratesmart® help us?
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Our partnerships with leading & highly reputed law firms in all countries that we operate in, or provide services for, enables us to provide end-to-end solutions & services to our clients. We can take care of every aspect of your Malta Immigration process & ensure you derive maximum benefit from our expert knowledge & advice. |
