Process of Malta Residence (MRVP)
Phase 1 – Submission of Application
Payment of a one-off Administration Fee (€5,500) that would cover the due diligence checks. All application documents
Phase 2 – Due Diligence
The due diligence process takes approximately three months to complete. The applicant will receive a Letter of Approval in Principle and be required to pay a non-refundable contribution fee (€24,500) to the Government of Malta.
Phase 3 – Investment
1. Acquisition of a Qualifying Property in Malta.
In terms of the regulations, a qualifying property is an immovable residential property situated in Malta that is either:
– purchased for a minimum consideration of €320,000 (€270,000 p/a if situated in Gozo or the South of Malta).
– leased for not less than €12,000 per annum (€10,000 p/a if property is situated in Gozo or the south of Malta).
2. Investment for five years in Malta Government Securities (MGS) (minimum €250,000).
Upon request our firm will provide you with the latest list of MGS available for purchase. Interests generated by the MGS may be retained by the holder of the MGS and are usually paid on a semi-annual basis.
The MGS investment and the qualifying property must be retained for a minimum period of five (5) years. Once the initial five-year period has passed the investments may be terminated and the residence certificate retained. A residence in Malta would still need to be retained, however the property would no longer need to meet the minimum requirements of the programme.
Phase 4- Completion and Continuous Obligations
The certificate of residence will be issued once the above investments have been fulfilled. The principle applicant will then be able to visit Malta issue initial five-year residence card.
The certificate shall be monitored annually for the initial five years, and then once every five years thereafter. The applicant’s respective agent would therefore need to file a compliance form confirming that the conditions above continue to be adhered to. In every five-year period the beneficiaries would need to depart from Malta for a minimum of either six consecutive months or for a total aggregate period of ten months.
For more information, please contact our hotline: +84 911 60 22 44 (Multi line)