- August 4, 2020
- Posted by: Editor
- Category: Law
Malta is among the preferred destinations for persons looking for great business opportunities in a country that provides a stable economy and a wide range of advantages for foreigners. Malta’s investment visa program is quite successful among foreign investors from non-EU countries who can also obtain citizenship in this state. Our immigration lawyers in Malta are at your disposal if you want to obtain a visa for Malta or a residence permit in Malta.
What is the eligibility for investment visa program?
MRVP or Malta Residency and Visa Program is the same thing as Malta’s investor visa program which is subject to specific conditions, such as:
- Be of at least 18 years of age and have a clean criminal record.
- Purchase a residence worth at least EUR 350,000 or rent one for at least EUR 16,000 per year.
- Purchase government bonds of EUR 250,000 and own them for at least 5 years.
- An annual income of at least EUR 100,000 needs to be proved.
Besides these requirements, European health insurance that needs to cover the entire family is needed. For a better understanding of the investment conditions in Malta and the type of visa involved you should talk to one of our immigration lawyers in Malta. They can also help you obtain Malta citizenship, depending on your case.
Are there any residency requirements for a Maltese visa for investors?
Yes, foreigners must use the purchased or rented house in Malta, alongside the family members. It is forbidden to rent or sublet the property you purchased in Malta, as part of your visa application. All the conditions about how to obtain a residence permit in Malta can be explained by one of our advisors if you get in touch with us.
Malta Citizenship Investment Scheme
MIIP is the Malta Individual Investor Program that aims at ultra-high net worth individuals who make substantial investments in this country. A minimum contribution of EUR 650,000 needs to be made by a foreign investor in Malta. There is also the option of investing EUR 150,000 in varied financial instruments accepted by the Maltese government. Renting a property in Malta for at least one year and EUR 16,000 is also an option for investors in Malta. MIIP comes with important benefits, like obtaining citizenship after living at least one year in Malta and having a second passport that allows free travels and no border controls in numerous countries worldwide. Those interested in this kind of program are advised to solicit legal guidance from our team of immigration lawyers in Malta.
Relocating the company to Malta
The company relocation is often the choice of foreigners wanting a change the market and make profits in under countries that provide special or better business conditions. This is also the case of entrepreneurs interested in Malta’s great business environment. The relocation is not complex, but it is best to pay attention to a few requirements:
- First of all, the entrepreneur will have to de-register the company in the home country and announce the Trade Register about the relocation.
- A declaration stating the relocation needs to be signed by the administrators of the business prior to the relocation.
- The Articles of Association will have to be modified at the time the relocation is made.
- The foreign company will then be registered with the Maltese authorities.
In terms of business advantages and economic stability, Malta is a great option for international investors who want to expand their horizons and make profits in other markets too. They can benefit from a skilled workforce, great infrastructure, sea exits to countries worldwide, low company costs, an appealing tax system, and huge benefits for high net worth investors. The following facts and figures can show why you should choose Malta for investments:
- in matters of numbers, Malta registered a total FDI stock of around USD 207,000 in 2018;
- Malta signed more than 50 double tax treaties to avoid the fiscal evasion and protect the profits from paying the taxes twice;
- around 97% of the total FDI stock registered in Malta in 2018 was directed to the financial and insurance sector, one of the most prolific in the country, supervised by Malta Financial Services Authority;
- reduced tax rates are applicable to companies established in Malta’s free trade zones;
- for a minimum contribution of EUR 650,000, foreigners can obtain Malta citizenship. The family members are also included in this program.
International entrepreneurs from non-EU/EEA countries can choose Malta for investments, respecting a few conditions. You are invited to talk to one of our immigration lawyers in Malta and find out more about the investor visa program. Contact us at any time.