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RESIDENCE PROGRAMMES IN MALTA
Maltese Legislation is one of the most flexible in Europe in terms of residency options on the territory of the island, depending on the desires and possibilities of a person.
The main options to reside in Malta
The main conditions:
1. Financial sustainability (investments of about 1,000,000 euros should be made- partially returnable);
2. Good health;
3. Perfect reputation.
Main benefits:
1. In 3-10 days: issuance of the residence card, that allows its owner to permanently reside in Malta and European Union for 18 months;
2. In 12-14 months: getting a full citizenship of European Union for all the family with a right of inheritance;
3. Optimised taxation;
4. Permanent residence in Europe;
5. Visa-free entrance to the majority of countries.
The main benefits of gettting a permamanent residency of Malta by GRP:
1. The residency of Malta could be obtained by the Main Applicant and his/her closest relatives- wife/husband, unemployed children under 25 years and parents of the Main Applicant or his/her wife/husband;
2. Period of registration – 2 - 4 months after submission of doucments; the first residency card is renewed in one year- all the following once in 2 years;
3. No restrictions on the length of stay in Malta, but the Applicant has to stay not more than 183 days in any counrty outside Malta;
4. The tax, that the Applicant has to pay in Malta, may be lowered by the agreement of double taxation (if there is such agreement between the counrits), if the Applicant will become a tax payer in Malta (he/she should reside in Malta more than 183 days a year).
The main conditions to obtain residency permit of Malta by GRP:
1.Holds a ‘Qualifying Property Holding’ which is defined as immovable property situated in the Maltese islands which was either (i) purchased in Malta for a consideration of not less than €275,000 or in Gozo or the South of Malta for a consideration of not less than €220,000; or, (ii) rented for not less than €9,600 per annum for a property situated in Malta or €8,750 for a property situated in Gozo or the South of Malta. In all cases, the said property must be occupied as the primary place of residence;
2.Does not benefit under the Residents Scheme Regulations, the High Net Worth Individuals – EU/EEA/Swiss Nationals Rules, the High Net Worth Individuals – Non-EU/EEA/Swiss Nationals Rules, the Malta Retirement Programme Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules;
3.Is not a “long-term resident” of Malta and consequently does not have long-term resident status under the Status of Long-term Residents (Third Country Nationals) Regulations, and must not have resided legally and continuously in Malta for five years;
4.Is in receipt of stable and regular resources which are sufficient to maintain himself/herself and his/her dependents without recourse to the social assistance system in Malta;
5.Is in possession of a valid travel document;
6.Is in possession of sickness insurance which covers himself/herself and his/her dependents in respect of all risks across the whole of the EU normally covered for Maltese nationals;
Is a fit and proper person; and
7.Can adequately communicate in one of the official languages of Malta.
Applicants of the Global Residence Programme have no minimum stay requirements. However they may not spend more than 183 days in any other jurisdiction.
Fees of the GRP:
According to the Global Residence Programme, a flat rate of tax of 15% is applicable on income declared in Malta. The minimum tax of €15,000 is payable by not later than the 30th April of the year in which the income is received in Malta and such payment must be accompanied by a return made to the Commissioner that provides proof that all the requirements continue to be satisfied. The minimum tax for the first year is paid before the special tax status is granted.
A non-refundable one-off registration fee of €6,000 (€5,500 in the case of applications involving a qualifying property holding in the south of Malta) must be paid by bank draft payable to the Commissioner of Inland Revenue and attached to the application form.
Applicants of the Global Residence Programme will also be able to work or set up business in Malta and will be taxed at a flat rate of 35% on any income arising in Malta.
Futhermore, the services related to the registation and assistance with the GRP would cost €2,000 for the family of 3, as well as there are flactuating rates for the translation and certification of documents, insurance and property purchase.
The annual fees, apart from the abovementioned tax of €15,000, are also that of €1,500 for the annual tax reports.
Main opportunities to obtain the temporary residency in Malta by MRVP:
In February 2016, Identity Malta Agency has issued the MRVP guidelines and application forms which provide international investors with the right to take up residency in Malta indefinitely. These rights will apply only for non-EU / EEA / Swiss Nationals. The new program falls under the Immigration Act and is available to both the applicant and their dependents, provided the following conditions are satisfied.
The qualifications and general requirements are that the applicant must:
1.A qualifying owned property purchased at a consideration of not less than €270,000 for a property situated in Gozo or in the south of Malta, or €320,000 for a property situated elsewhere in Malta
2.A qualifying rented property, taken on lease for a rent of not less than €10,000 per annum for a property situated in Gozo or in the south of Malta, or not less than €12,000 per annum for a property situated elsewhere in Malta.
The total length of period of registration is around 3-6 months from the moment of submission the documents;
Dependants
The rules establish that dependants shall comprise:
An additional non-refundable fee of €5,000 (per dependent) would be required from the main applicant should he/she like to add the following as dependants on the Certificate of Residence:
i. the spouse of the beneficiary’s or his spouse’s approved child, who would have been previously accepted as a dependant in the residence certificate;
ii. any dependant who, after the appointed day is born to or adopted by an approved child, or his spouse, where the letter is already a beneficiary under the MRVP rules;
iii. the spouse or minor/child of a dependant.
The applicant must pay a non-refundable administrative fee of €5,500 on application, which will be deducted from the above-mentioned contribution of €30,000. The applicant will need to provide an affidavit declaring that from the date of the application onwards he has either an annual income of not less than €100,000 arising outside Malta or has capital of not less than €500,000.
The applicant must be a third country national i.e. not a Maltese, EU, EEA or Swiss national.
The applicant must not benefit from any other scheme applicable in Malta i.e. the Global Residence Programme Rules, the High Net Worth Individuals – EU / EEA / Swiss Nationals Rules, the Malta Retirement Program Rules, the Residence Program Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules.
The beneficiary must hold both the qualifying property and the qualifying investment for a minimum five (5) year period following the appointed date. The certificate of residence will give the applicant and the registered dependents the right to reside, settle or stay indefinitely in Malta.
An application in terms of the MRVP rules must be made through the services of a registered accredited person or a registered approved agent with Identity Malta. ACT Advisory Services Limited is able to offer this service as it is registered as such with Identity Malta.
5 years after issuance of residency certificate participants of program have a right to sell or rent out their property IF they do own other property in Malta (the price of the property does not have to satisfy the conditions of the program).
Benefits and conditions of temporary residency by work permit:
1. Issued for one year ;
2. Period of registration - 2-3 months;
3. Wife/husband and minor children under 18 of the Main Applicant (who has obtained a work permit) have a right to reside (but not to work) in Malta as well;
4. After five years of consequitive work permits, if the Applicant complies with some conditions, he/she may apply for a long term permit.
Conditons to reside in Malta by work permit:
In order to obtain work permit one has to:
1. Find an employer in Malta;
Or:
2. Be ready to register a company in Malta and invest in a capital or assest of his/her company not less than €500,000;
Or:
3. Be ready to become a director of the projects, formaly accepted by Maltese Entrepreneurship Commitee;
Or:
4. Be an individual enterpreneur- a highly qualified specialist- eligble to bring innovations to Malta and accept on a full-time basis no less than 3 EU citizens..
Costs of work permit:
1. Company licence: €230.
2. Services for registration: €1,500.
Main benefits of Long Term Residence:
1. A Long Term Residence Permit provides its owner with an opportunity to permanently reside in Malta with all the rights of Maltese citizens, apart from visa privilegies and participation in elections.
2. LTR status is provided for five (5) years with an automatic renewal for the further five year, if its owner has not prosecuted the Maltese law.
Conditions of obtaining LTR status:
1. You have resided legally and permanently in Malta for five consequitive years (temporary reasons- visas, education, etc.- are not considered).
2. During those five years you haven't left Malta for more than six months in total (the only exlusions are health, business, educational trips). A candidate has to provide all the data regarding his/her trops during the last five years in a chronological order. The data is checked upon.
3. You have to approve that during last two years you had a stable income, sufficient for yourself and family members and not less than a minimal salary +20% for yeach family member (this information might be changed);
3. You have to show that you have a property sufficient in sizes for all the family members and that fits the norms of health and safety applied in Malta;
4. You have to provide an insurance policy for you and your family members;
5. You have to, not less than 12 months before submission of the application, undergo the course organised by HCFHE regarding social, economic, culture and demographic history and environment of Malta. You have to provide the edvidence that you have attended not less than 100 hours of those courses and have passed the final exam by not less than 75%.
6. You have to sit for Maltese Language level 2 exam of Maltese Qualification Committee.
7. You have to provide an evidence that you have payed for the abovementioned courses.
A partner visa could be obtained by a partner of a Maltese citizen, regardless of their sexual orientation, if they can provide the following:
Moreover:
Notice: the fact that those relationships are not fake is checked upon- via the interview or with an unexpected visit to the home of the partners.
Third countries nationals cap apply to reside in Malta as highly qualified specialist in accordance to Conditions of Entry and Residence of Third-Country Nationals for the Purpose of Highly Qualified Employment (Offical notice 433 of 2011). Those, who are eligble will be provided with a residency permit- "EU Blue Card".
Conditions to obtain "Blue Card":
1. A job contract with an employer, with the information regarding a salary (has to be at least 1,5 times higher than an average salary in Malta);
2. Documents, apporved by Malta Qualification Committee, regarding a professional qualification in the area mentioned in a job contact;
3. Health and Maltese property insurance;
4. Evidence of political, social and health safety.
Get in touch!
How can we help you?
1. We provide tailored service packages, that include consultatons and accompaniment for those interested in immigration to Malta, as well as regarding local taxation policies.
2. We have a successful experience in assitance and preparation of documents for submission of applications for residency in Malta with all the existing programs.
3. We provide the full-package services in preparation, examination, submission, and supervision of documents for a temporary residence in Malta.
4. We know everything about property in Malta and have an access to the largest base of property, that covers the whole archipelago.
5. We do not assist на with the workingМальте.
Living in Malta - ask us, мы we know!
Permanent and temporarty residence in Malta: Frequently Asked Questions
Yes, if:
The last point mainly means that you are a spouse of a Maltese citizen for at least 5 years or, otherwise, that you have been living in Malta permanently for at least 16-18 years.
The reason for the refusal is usually the last point: whether you are suitable for Malta or not stays upon the decision of the Minister of Internal Affairs, who, usually, haven't seen the applicants before. The decision is taken upon only by a Minister and could not be claimed; the reasons for refusal are not disclosed.
The full information regarding citizenship by naturalisation could be obtained here...
The purchased property allows its owner to reside in Malta for 90 days in each half of the year. In order to reside in Malta for more than half a year, you have to fit one of the Maltese residency programs.
Yes, it is. In order to hire a foreginer, who is not a EU member, an employer has to fill in numerous document in order to prove that there are no fitting specialists among Maltese citizenz, their spouses and other people eligble to work in Malta.
Till 2016 English was sufficient to apply for a Long Term Residency. Starting from 2016 all the candidates have to sit for a Maltese Language exam. This is mentioned in a Legal Notice, p. 5, 5 (3) b.
Yes, if one fits all other conditions of the LTR.
No, education is considered as a "temporary reason", as well as living in Malta as a guardian of a minor child studying in Malta.
Yes, if you are up to invest 500,000 euros and you are a highly qualified enterpreneur, having a good business plan and a work experience in the field of your business, as well as you are going to hire a EU member. Ready more above in the "Work Permit" section.
No. According to Maltese Legislation only Agents, approved by Identity Malta, have such a permission. We have all the essential permissions and will be happy to assist you in the long term residency in Malta upon any of the programs.
Identity Malta (IM) - is an official agency, crated by the Government of Malta regarding the cases of legal residency of Malta upon different programs, including Maltese Citizenship by Investment (Malta Individual Investor Program)
AM - are legal and auditory firms or private consultants, authorized by Identity Malta to work with candidates on citizenship of Malta or residency of Malta. According to law, the examination of correspondance of documents and submission of documents for citizenship of Malta could only by made by an Approved Agent. Our company works with the license issued to one of our partners- Mr. Stephen Balzan- who was one of the first accredited agents (license number IIP088).
Unfortunately, we do not deal with refugee status.
To fit the residency program both-renting and purchase of property- provide the same rights.
But the other question is- what is more beneficial for yourself?
As for the end of 2017, property prices for rent and for sale grow equally and their growth is one of the highest in Europe, and in the last 10 years it has on average increased 1,3-2 times, depending on the district.
If you purchase a property, afterwards you may benefit from selling or renting it out. Furthermore, it is possible to purchase a property by a loan of 2,5-2,5% per annum, what gives buyers of an opportunity to pay monthly the same money as for the rental, or sometimes even less.