Malta has launched a revamped residency program designed to boost job creation and enhance the overall standard of living in the country by attracting foreign investment from non EU-nationals seeking fast-track long-term residence in Malta.
Beneficiaries who comply with the investment requirements and other eligibility conditions will be granted the right to reside and settle in Malta for an indefinite period of time subject to continued fulfillment of applicable rules and regulations. Further, beneficiaries will enjoy the right to visa-free travel within the Schengen area.
Investment Requirements for New Malta Residence Visa
In order to qualify under the New Malta Residence Visa Program, eligible applicants must:
- Investment at least EUR 250,000 in Malta,
- Invest in a qualifying property, and
- Make a minimum contribution of EUR 30,000.
The EUR 250,000 investment should be made in asset classes as determined by Identity Malta.
Property investment can be in the form of an outright purchase or an annual lease in Malta. In case of purchase, the value of the property should be at least EUR 270,000 in south Malta or in Gozo or EUR 320,000 if the property is located elsewhere in Malta.
In case of a lease, the applicant must pay a minimum annual rent of EUR 12,000. For properties situated in south Malta or in Gozo, the minimum rental requirement is EUR 10,000 per year.
The minimum contribution of EUR 30,000 is inclusive of a non-refundable administrative fee of EUR 5,500. The contribution is payable after Identity Malta has reviewed and approved the application. Qualifying applicants will be required to pay the balance contribution of EUR 24,500 after approval.
To read this article in its entirety please click here
Contact Us to receive more information about this
Interested Investors: Kindly complete the following form and we will contact you to discuss your global residency and citizenship investment options.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.