The Malta Residence and Visa Programme Regulations, 2015 was launched by Parliamentary Secretary for Competitiveness and Economic Growth Dr Jose’ Herrera in 2015. It provides international investors with residency rights.
The new programme falls under the Immigration Act and is available to both the applicant and also their dependants subject to the certain conditions and qualifications which are listed below.
In July 2017, the Maltese Government also issued legal notice 107 of 2017, confirming changes in the Malta Residence and Visa Programme, in order to ensure it is more appealing to foreign investors wanting to relocate to Malta.
There is now no restriction on the number of days spent in Malta or outside of Malta and applicants may apply for Long-term residence. Under the new legal notice, unmarried and economically dependent children may also apply, with no restriction on the age limit.
When a foreign national takes up residence in Malta, he/she will be resident but not domiciled in Malta for tax purposes and taxed in Malta on:
Any Capital Gains arising outside Malta are not taxed even if they are received in Malta.
In order to qualify for residency under the MRVP, a non-EU national will need to satisfy the following conditions:
All applicants are subject to a thorough due-diligence process done by both local and foreign entities.
Should you have any questions about this scheme, the experienced staff at Pierre Faure Real Estate are available to assist you. We can help with the whole procedure to obtain this residency status, from start to finish, using a network of highly competent professionals.