Malta Residence & Visa Programme Launched

During a press conference held on Friday 28th August, 2015, the Malta Residence and Visa Programme was launched by the Parliamentary Secretary for Competitiveness and Economic Growth. Through Legal Notice 288 of 2015, the Malta Residence and Visa Programme is available to non-EU nationals together with their registered dependants, who are entitled to be issued with a residence permit allowing the beneficiaries to reside, settle or stay indefinitely in Malta. 

The Malta Residence & Visa Programme Regulations 

The Malta Residence & Visa Programme launched by these regulations result in the issue of a certificate subject on the following terms:

• The person is at least eighteen years of age;
• Meets the Malta Residence and Visa Programme application requirements;
• Commits to provide proof of title to qualifying property (to be held for a minimum five year period from the date of issuing of certificate) with:
  • a minimum value of property situated in Malta is at €320,000, while the annual minimum rent is €12,000;
  • a minimum value of property situated in the Southern Region of Malta or in Gozo is at €270,000 while the annual minimum rent is €10,000;
• Commits to invest in qualifying investment in a form determined from time to time by Identity Malta having an initial value of two hundred and fifty thousand euro (€250,000) to be held for a minimum period of five year period from the date of issuing the certificate;
• Commits to pay in full the contribution of €30,000 (non-refundable);
• The person is in receipt of stable and regular resources which are sufficient to maintain himself and his dependants without recourse to the social assistance system of Malta;
• The person and his dependents are in possession of valid travel document and a sickness insurance in respect of all risks across the whole of the European Union normally covered for Maltese nationals;
• The person has either an annual income of not less than hundred thousand euro (€100,000) arising outside Malta or has in his possession a capital of not less than five hundred thousand euro (€500,000);
• The person applying does not benefit under the following programme:
  • 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
  • The Highly Qualified Persons Rules
• All individuals who are beneficiaries of the Malta Global Residence Programme shall be allowed to apply for the issuance of the certificate in terms of the Malta Residence & Visa Programme launched under these Regulations.