The Malta Golden Visa Programme, also called the Malta Permanent Residence Programme (MPRP), lets people and their families become residents in one of the safest countries with low crime rates and good education.
This programme is for non-EU investors and their families as EU/EEA and Swiss citizens can freely take up residence in Malta as retirees if they meet the requirements. To qualify for the Malta Golden Visa, you need to meet certain requirements and pass background checks, and you also need to invest money. Here are the main things investors need to do.
Benefits of the Malta Golden Visa Programme
Choosing to obtain residence through the Malta Golden Visa Programme is a significant decision for your family’s future.
With the Maltese Golden Visa, you and your family will enjoy:
- Permanent Residence: The right to settle, stay, and reside permanently in Malta.
- Visa-Free Travel: Freedom to travel visa-free across the Schengen Area for 90 days every 180.
- Affordable Real Estate: Access to Malta’s real estate market.
- Generational Inclusion: Opportunity to include up to four generations in one application.
- Work and Study: Permission to work and study in Malta and other EU countries.
If you want to get to know more about visa types in Malta, we have this detailed article for you: 9 Visa Types for Malta: What are the Requirements and Fees
Who Can Apply for the Malta Golden Visa Programme?
Under the new Malta Permanent Residence Programme (MPRP) regulations, only Third Country Nationals (TCN) can apply. These are individuals who are not citizens of the European Union. EU, EEA and Swiss nationals are not considered Third Country Nationals.
Dependents of the principal applicant, as defined by the regulations, can also apply. Qualifying dependents include:
- Spouse. The term “spouse” is gender-neutral for the MPRP.
- Children under 18 years old, including adopted children.
- Children over 18 years old, unmarried, and mainly reliant on the principal applicant.
- Financially dependent parents or grandparents of the principal applicant or spouse.
- Disabled adult children of the principal applicant or spouse.
Application for Malta Golden Visa Programme: Requirements
1. Property Requirement
To qualify for the Malta Golden Visa Programme, you must meet certain property requirements:
- Purchase Option: If you buy a property, it must be worth at least €350,000 in Malta or €300,000 in Gozo or the South of Malta.
- Rental Option: If you rent a property, the lease value must be a minimum of €12,000 per year in Malta or €10,000 in Gozo or the South of Malta.
2. Contribution Requirement
You’ll need to make a Government Contribution based on whether you buy or rent property:
- If You Choose To Purchase Property: The contribution is €28,000 plus €7,500 for each parent or grandparent of the main applicant or spouse.
- If You Choose To Rent Property: The contribution is €58,000 plus €7,500 for each parent or grandparent of the main applicant or spouse.
3. Donation Requirement
You must also donate €2,000 to a local non-governmental organization approved by the Agency.
4. Administrative Fee
An administrative fee of €40,000 per application is required. Upon submission, €10,000 must be paid, with the remaining €30,000 due upon approval.
5. Additional Requirements
Apart from the investment, you must:
- Have regular resources to support yourself.
- Obtain sickness insurance.
- Possess assets valued at least €500,000, with €150,000 in financial assets.
Important Notes: Applications must be submitted by an Approved Agent. The Residency Malta Agency conducts a thorough due diligence check on all applicants and dependents. After submitting a formal application, the Agency will carry out the necessary checks. Contact us for any questions.
Can you Renew the Malta Golden Visa?
Yes, you can renew the Malta Golden Visa. Initially, residence cards are granted for 5 years, except if a minor dependent turns 14 or 18, in which case the card ends on their birthday.
To renew after the 5-year period, you need to go through your agent. Biometric data must be retaken before extending the cards, so all beneficiaries should be in Malta for this after the first 5 years. You won’t need to pay the large fees associated with the first application, as there’s only a fee of €27.50 per year for renewals.
Here’s what you need for the renewal:
- Updated Health Insurance Policy
- Valid Passport
- Current Maltese Residency Card
- Updated Lease Agreement or Purchase Agreement
Important Note: After the fifth year, once the compliance procedure is approved, you can choose to move to a new residential property without a minimum price requirement. Then, the residency card can be issued for this new address.
Need Help on Applying for Malta Golden Visa?
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