Golden Visa Malta 2020

Posted by Pro Citizenship on December 2nd, 2019

Maltese Residency by Investment which is name Malta Golden Visa Programme may be granted under an amendment passed in August 2015 to the Maltese Immigration Act, Chapter 217 of the Laws of Malta with the aim of attracting wealth individuals of impeccable standing and repute to receive a Malta Golden Visa on the basis of a one-time non refundable contribution of €30,000 (thirty thousand Euro)  to Malta and an investment of €250,000 in MSE (Malta Stock Exchange) for 5 years in Malta Government Bonds. Under this Malta Residence and Visa Programme, which is name MRVP applicants and their registered dependents enjoy the opportunity to reside, settle and stay indefinitely in Malta and to hold a Schengen card allowing visa-free travel or access within the Schengen area. Malta immigration program

Eligibility for the Malta Golden Visa 2020

An individual shall be eligible to apply for a Malta Golden Visa 2020 on satisfying the following conditions:

• The applicant is from third-country nationals, i.e. non Maltese, EU, EEA or Swiss nationals

• The applicant is at least eighteen years of age

• The applicant must provide a clean criminal record

• The applicant must provide evidence that he/she holds an annual income of at least €100,000 or holds capital of at least €500,000

• The applicant and his/her dependents must be in possession of a European Health Insurance policy; and

• Not be deemed a potential national security risk, have a reputational risk or is subject to criminal proceedings.

Qualifying Investments for the Malta Golden Visa 2020

The MRVP program requires either

(a) Purchasing a residence valued at no less than €270,000 EUR or

(b) Renting a residence at no less than €10,000 per year for five years.

The program further requires a non-refundable one-time cash contribution of €30,000 and an investment of €250,000 in government bonds (financing option available) to be held for a minimum of five years. Malta permanent residence visa

Advantages of the Malta Golden Visa 2020

• Right to reside, settle and stay indefinitely in Malta

• Maltese Residence Card allows its holder free travel within 26 members of the Schengen Area

• The Only European Permanent Residency in Europe which sets no age limit for dependent children

• Malta is a member of the European Union since 2004 and part of Schengen since 2007

• Malta island is a neutral, safe and economically and politically stable country having a European lifestyle but with a Mediterranean quality of life

Eligibility for Malta Golden Visa 2020

Family eligibility includes:

Spouse or partner in a long and durable relationship of the Main applicant Child or adopted child at any age of the Main applicant or his spouse. Important that children should be unmarried and financially dependent on the main applicant Economically dependent parents or grandparents of the Main application or of the spouse/partner. Malta investor visa program

Schengen Area

Malta Golden Visa 2020 allows applicants free travel within the Schengen Area, The Schengen area represents a territory where the free movement of persons is guaranteed.  The signatory States to the Agreement have abolished all internal borders in lieu of a single external border.  Here common rules and procedures are applied with regard to visas for short-stays, asylum requests and border controls. The Schengen Area has a population of over 400 million people and an area of 4,312,099 square kilometres. Out of the 28 member states of the EU, 20 member states form part of this area. Four countries: Bulgaria, Cyprus, Croatia and Romania are legally obliged to join this area while the UK and Ireland maintain opt-outs.

An Individual for the Malta Residence and Visa Programme must be represented by registered and approved Malta Immigration Agents licensed to submit applications under the Malta Golden Visa programme. The more active licensed Immigration Agents are law firms who have specialised immigration law practices but can also provide pre-immigration tax advice and proper tax planning to ensure the full benefits of relocation and tax residency in Malta are enjoyed while the pitfalls of a failure to plan are avoided. Pro Citizenship lawyers will be guiding you through the whole investor visa programme. Malta Global Residence program

Applying for a Malta Golden Visa 2020

The regulations prescribe that applications are to be made via a licenced agent as a residency agent.  The government application/processing fee of €5,500 is payable on submission and of the final contribution of €30,000, the balance of which is due only after approval.