Residence permit in Malta, how to get citizenship of Malta, visa
Residence permit (permit) in Malta: for the investment in the purchase of real estate. How to get citizenship of Malta to a Russian or a resident of another country.
Malta has been a member of the European Union since 2004 and a member of the Schengen Agreement since 2007.
Getting a visa – the first step to permanent residence in Malta
Since Malta is part of the Schengen zone, to enter this country, citizens of some countries need to have a passport with a visa of one of the four categories – A, B, C or D.
More information about the need for a visa, features and rules for its receipt for each case can be found in our material.
How to get permanent residence in Malta
The Malta Unlimited Residence State Program (Malta Residence & Visa Program), which involves the purchase of government bonds, was launched in August 2015. In July 2017, a number of changes were published in the conditions for obtaining a residence permit, which made the program more profitable for investors.
Benefits of the Malta Immigration Program:
unlimited residence for the whole family of the investor;
freedom of movement in the Schengen countries;
income generation on government bonds up to 3% per annum;
confidentiality of personal and financial information;
no need to be in the country;
no tax on foreign sources of income;
the ability to attract funding for the amount of investment to obtain permanent residence (permanent residence).
Conditions for obtaining permanent residence in Malta on the basis of investment:
investment of 250 thousand euros in government bonds or participation in the co-financing program, in which the investor invests a non-refundable amount of 75 thousand euros;
purchase or lease of real estate in Malta. The minimum value of the acquired object is 320 thousand euros (270 thousand in the south of Malta or on the island of Gozo). The rental price is at least 12 thousand euros per year (10 thousand per year in the south of Malta or on the island of Gozo);
payment of state duty in the amount of 30 thousand euros;
annual income outside of Malta in the amount of not less than 100 thousand euros or own assets in the amount of not less than 500 thousand euros;
lack of criminal record and criminal charges (also applies to members of the investor’s family);
The latest amendments abolished the requirement for the applicant and his relatives to reside outside the country for at least six months in a row (or 10 months apart) for five years.
Five years after receiving permanent residence, bonds are redeemed, and real estate can be sold. The resident status is maintained.
In addition to the investor, members of his family can participate in the program for obtaining permanent residence in Malta with investments.
Covered by duty:
official spouse or spouse;
children of any age, if they are economically dependent on the main applicant and are not married.
For an additional 5 thousand euros:
the spouse or spouse of the applicant’s children, if the children received residency prior to the date of marriage;
grandchildren of the main applicant who were born or adopted by the applicant’s children after receiving resident status.
Children who are on the security of the investor, can extend their rights to residency and upon reaching 26 years. To do this, they need to pay a one-time gratuitous payment in the amount of 30 thousand euros.
To obtain permanent residence in Malta, you need:
enter into an agreement with an authorized company;
pay for legal services (40 thousand euros);
provide scanned copies of documents (foreign passports, birth and marriage certificates, health certificates, certificates of no criminal record, proof of funds);
fill in the form to check the investor for reliability;
submit a notarized power of attorney for submission of documents to the Malta Identity Agency (Identity Malta Agency) – a government agency for immigration based on investments;
pay for a security check (5,5 thousand euros);
submit documents to the Malta Identity Agency;
in the event of a positive decision – to pay a contribution to the Malta National Development Fund (24.5 thousand euros);
buy bonds, buy or rent property in Malta;
come to Malta to submit biometric data;
The deadline for receiving a resident card is 60 days from the date of application. The document is updated every five years.
The total amount of expenses for obtaining permanent residence in Malta is from 590 thousand to 640 thousand euros in the case of purchasing real estate or 370 thousand – 380 thousand euros (for five years) in the case of rent.
How to get the citizenship of Malta
From November 2013, it became possible to obtain citizenship in Malta when transferring money to the National Development Fund (Malta Individual Investor Program).
The main applicant must be over 18 years old. The dependent applicants are the spouse or spouse of the main applicant, children of any age who are not married and have provided documents confirming complete financial dependence on the main applicant, parents over the age of 55 years.