The Republic of Malta consists of three islands, situated just 80 km off the southern coast of Sicily, Italy in the center of the Mediterranean Sea. The climate is typically Mediterranean, with sparse rainfall between March and October. The population is over 400,000 and the official languages are English and Maltese, though Italian is widely spoken.In recent years, the Maltese government has actively sought to attract foreign capital with attractive incentives aimed at international investors and entrepreneurs.

The work force in Malta is English-speaking, motivated, and well-educated. Malta grants incentives to foreign persons or companies that set up business in Malta, including low rents for factories and low interest loans. Furthermore, its strategic location, excellent international trade relations, and a good quality of life make it one of the most attractive places for business in the Mediterranean.

Malta is a very attractive location for private residence. The island nation enjoys a stable political climate and is strategically located, with excellent air links. The Malta Residence and Visa Program (MRVP) offers non-Maltese persons the possibility of acquiring an EU residence card that offers visa-free travel within Europe’s Schengen Area.

Benefits

• Residence in an EU country and visa-free across Europe’s Schengen Area
• Right to reside indefinitely in Malta
• Investment required only for first five years
• No residence requirement
• Family members included

Qualification Criteria and Requirements

The main applicant must be at least 18 years of age to qualify and must provide an affidavit declaring that from the date of the application, they have in their possession capital of no less than EUR 500,000 (EUR 150,000 of which should be in financial assets). The following application requirements must be met to qualify for the program:

• A property purchase of EUR 350,000 (EUR 300,000 in South Malta or Gozo), or a property lease of EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo)
• A contribution of EUR 28,000 to the Maltese economy if the residential property is purchased, or EUR 58,000 if the property is leased
• A donation to a non-governmental organization of EUR 2,000
• A non-refundable administration fee of EUR 40,000

Procedures and Timeline

The application requirements and procedures for the Malta Permanent Residence Programme are reasonable and straightforward. The application is submitted to the Residency Malta Agency, the government agency responsible for applications. After stringent due diligence checks, successful applicants will be requested to complete the qualifying investments and will then be issued a residence permit. Residency Malta Agency will issue successful applicants with a Maltese residence certificate, which acts as a permit.

NIMARIA has a list of pre-selected properties that qualify for the MIIP. If you would like to receive more information on these properties, please Contact Us. We would be delighted to arrange a visit to show you around personally.