22
May

While you are at home as the world is fighting the pandemic, it is a good time to plan ahead and prepare for the times when borders reopen and flights resume.

The Malta Residence and Visa Programme (MRVP) was introduced in 2015 and has been one of the most successful European investment immigration programs allowing its beneficiaries and their families to freely travel to the Schengen zone and settle in Malta.

Under the MRVP, the main applicant and his family are granted a residence certificate, which gives a right to hold and renew Schengen residence cards indefinitely.

The MRVP application preparation and submission process does not require the personal presence of the applicants and can be submitted even during the time pandemic restrictions.

The main benefits of the MRVP are:

• Schengen residency for the whole family with no expiry date
• Right to live in Malta indefinitely
• Simplified access to employment
• No minimum requirement of stay in Malta
• No automatic tax implications
• Risk free. Unlike many European investment visa/residency programs, MRVP does not require the applicant to make any investments before the application is approved

Who is eligible

Non-EU nationals and their family members:

• Spouses or registered partners
• Underage biological or adopted children of the main applicant or his spouse
• Children, who are over 18, not married and economically dependent on the main applicant
• parents or grandparents of the main applicant or of his spouse, economically dependent on the main applicant

Requirements

• The main applicant must be in in receipt of an annual income of not less than €100,000 arising outside Malta or has in his/her possession, capital of not less than €500,000.
• The applicant is required to pay non-refundable contribution of €24,500 upon approval of the application and €5,500 administrative fee upon application submission.
• Applicants must have health insurance covering the EU.
• The main applicant has to invest €250,000 into Malta Government bonds and retain them for 5 years.
• Buy or rent property and hold it for 5 years:

Minimum property purchase price / annual rent

Malta: €320,000 / €12,000

Southern region of Malta & Gozo: €270,000 / €10,000

The Application Process

The application must be submitted by an accredited agent, there is no need to for the main applicant or his family members to be present.

The review of the application typically takes about 4 months, after which the applicant and his family may obtain residence cards.

Due Diligence Requirements

Applicants and their dependents should satisfy the following minimum eligibility criteria:

1. A clean criminal record of the applicant and dependents older than 14 years of age issued by the competent authorities in the country of origin and in all the countries where one resided for at least 6 months during the last 10 years or in exceptional cases a sworn affidavit;
2. they should not be indicted before an International Criminal Court nor appeared before such Court nor listed with the International Criminal Police Organization (INTERPOL).

Our services

Corrieri Cilia is an accredited agent authorised to represent applicants under the Malta Residence and Visa Programme and other investment immigration programs in Malta.

We will be glad to consult you on your eligibility for MRVP and assist you with the application process; handle annual compliance formalities under the program as well as offer assistance with buying or renting qualifying property and applying for health insurance sufficient for the program purposes.

Contact

[email protected]