Although Malta does offer a programme for high net worth individuals, namely the MIIP, the MRVP scheme is more affordable, and thus more accessible to a greater number of applicants.
Legal basis: Maltese residency by investment can be obtained by high net worth individuals of impeccable international standing, in accordance with L.N 288 (2015), as amended by L.N 189 (2017).
The Malta Residence and Visa Programme (MRVP)
Established in 2015, the MRVP programme falls under the Maltese Immigration Act, and is presently being managed by the Malta Residency and Visa Agency (MRVA). The programme enables non-EU nationals to apply for fast-tracked Maltese residency on the basis of making an eligible investment, or renting a qualifying property. Applicants are required to make a number of financial contributions as outlined below. EU/EEA and Swiss nationals are not eligible to apply for Maltese residency under the scheme.
In order to qualify for Maltese residency under the MRVP, applicants are required to:
• Invest a minimum of €250,000 in Maltese government bonds for a period of 5 years
• Make a non-refundable contribution of €30,000 to the government of Malta
• Purchase of Malta property valued at no less than €320,000 (or €270,000, if the property is situated in Gozo or Southern Malta).
If you were to opt for the option of renting a property, the annual rental amount must be €12,000, unless the property is situated in Gozo or Southern Malta, in which case the minimum annual rent amount must be €10,000 or more.
Additional eligibility criteria:
In addition to the above investment requirements, the following criteria must be met by he main applicant:
• You must be older than 18 years of age
• You must be a non-EU national
• You must provide proof of title for the qualifying property, and maintain this investment for a period of no less than 5 years.
• You must commit to maintaining your €250,000 government bond investment for a period of at least 5 years.
• You must be able to prove that your annual income is no less than €100,000, or that you hold a minimum capital amount of at least €500,00.
• You must be in possession of a valid travel document and a short-stay Schengen visa.
• You must have adequate health insurance in place at all times from the point of application and throughout the tenure of your investment residency in Malta.
• You are not allowed to make any false statements or omit any requested information during your application process.
• You must be able to prove a clean police record, nor are you allowed to have appeared before a criminal court.
• No person who is on the INTERPOL watch list or any such lists will be eligible to apply.
• No person whom is deemed to pose a threat to national security or public health will be deemed eligible to apply for Maltese residency, in 2020 or beyond.