- November 2, 2020
- Posted by: Editor
- Category: Law
Citizenship by residency in Malta can be acquired by joining the MRVP or Malta Residency and Visa Program. This is also known as the “Malta Golden Visa” that addresses non-EU citizens interested in obtaining permanent residency in this country. All the legal aspects can be explained by one of our Maltese immigration lawyers. We have a wide experience in varied immigration matters, so feel free to get in touch with us and request legal advice and assistance.
What you need to know about MRVP
Malta Golden Visa or Malta Residency and Visa Program helps non-EU nationals to gain permanent residency in this country, respecting a few conditions. First of all, a one-time investment is required, but here is information about Malta Golden Visa:
- Investments of EUR 120,000 are needed, plus EUR 10,000 as annual property rental is required.
- EUR 250,000 bond investments are also accepted to enter the MRVP.
- The applicant is required to provide he/she has an annual income of at least EUR 10,000 generated outside Malta.
- The family members are included in the application.
- In terms of taxation, there is no worldwide tax imposed.
Foreign citizens interested in this kind of program are invited to discuss with our team of immigration lawyers in Malta and find out more about how to obtain Malta citizenship by residency. Complete details about how to obtain a residence permit in Malta can be offered by our experts.
What is Malta Individual Investor Program or IIP?
Malta Individual Investor Program or IIP is destined for high net worth individuals plus their families, who are interested in making investments and gain Malta citizenship by residency. This program comes with a series of benefits, like obtaining citizenship, if particular investments are made. For instance, EUR 650,000 represents the investment starting point to join the IIP. Or, foreigners can purchase a property worth no less than EUR 350,000, or rent a house for a minimum annual rental fee of EUR 16,000. Immigration authorities and particularly the National Development and Social Fund in Malta are responsible for the IIP applicants, in terms of conditions and requirements imposed.
If you want to obtain a residence permit in Malta or interested in Malta citizenship, our immigration lawyers can help you.
The process is straightforward and simplified as much as possible, yet the Maltese authorities will verify the criminal record of foreign applicants in the first place. The entire application process for IIP can be overseen from a legal point of view by our Maltese immigration lawyers. We have extensive experience in immigration matters, so feel free to address your inquiries to our team and ask for Malta citizenship by residency.
Can I gain Maltese citizenship by marriage?
Yes, it is possible to gain Maltese citizenship by marriage. One of the main conditions refers to the duration of marriage with a Maltese national, and that is settled to at least 5 years. The application is simple, and our immigration lawyers in Malta can provide the necessary assistance and legal advice. The Citizenship and Expatriate Affairs in Malta is the institution that oversees the residency and citizenship applications in this country. Instead of dealing with the requirements imposed in this process, you should rather discuss all the legal terms with one of our immigration lawyers in Malta. We are here to help you from a legal point of view.
If you are interested in obtaining a residence permit in Malta, contact our immigration lawyers.
The Global Residence Program or GRP
Another option to obtain residency in Malta is to join the GRP program or Global Residence Program. This kind of program allows non-EU citizens to stay in Malta for one year, apply for a work permit, and travel throughout the Schengen countries. There are other benefits too, in matters of taxation. A flat tax rate of 15% applies to incomes remitted to Malta. It is important to note that foreigners who successfully joined the GRP must renew the residency permit each year for a tax of around EUR 15,000. As for other benefits linked to the GRP, we mention that the application for family members is permitted. Information about Malta citizenship by residency program can be solicited from one of our Maltese specialists in immigration. Also, we have gathered some facts and figures about Malta’s economy, business, and population that you might find useful:
- Around 442,000 is the total population of Malta.
- Most of the foreigners living in Malta come from European countries.
- Around 17,5% of the total population of Malta is represented by foreigners.
- 46 is the approximate rate of immigrants per 1,000 inhabitants in Malta.
Foreign nationals interested in Malta citizenship by residency are invited to contact our team of immigration lawyers in Malta. We are here to provide legal assistance and representation in a wide range of immigration matters.