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The Malta Golden Residence Programme ( MRVP ) is renewable every five years and is the only European Permanent Residency in Europe which sets no age limit for dependent children. With a property purchase of USR 275,000 (or long term property rental), this is an opportunity for residency in the Schengen zone and visa-free travel throughout the area.
The investment requirements for permanent residency in Malta are:
Donation required to the
Malta Social & Development Fund
Bond purchase for 5 years min.
Can be financed.
As part of your residency application, you are required to either rent a property. The lease must be for a minimum of EUR 18,000 per annum, or you may choose to purchase since you are going to be living in Malta.
The Maltese economy remains one of Europe’s fastest growing and buying property is a relatively straightforward process starting with the signing of a contract known as a konvenju (promise of sale). Maltese property has been on the upswing for the past five years mostly attributed by the Central Bank to the Individual Investor Programme (IIP) and to the stamp duty exemption for first-time buyers. Rental yields average around 4% to 5% annually, and non-residents who are part of the Individual Investor Program, enjoy a gross rental income taxed flat rate of 15% versus the progressive rate up to 35% for residents.
The most popular areas to buy are around Sliema and St Julian’s. They afford wonderful sea views, are close to all essential amenities, benefit from great public transport and offer plenty of good schools to boot. Malta enjoys a Mediterranean climate but can cool off in the winter months.
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If becoming a resident or citizen of Malta is of interest to you and your family, the Citizens International team can assist in organizing a discovery trip to see the island. Let our team advise you on what you can expect and get a real sense of the country, culture and its people.
Your trip will offer a meaningful insight into why the Malta program has proven so popular since its inception in 2013 and how you can improve your life with second citizenship or financial concierge services tailored to your needs. We are on call for you, on the ground with deep connections and we know how to ensure your trip is time well spent.
Email us or call +1 268 562 8585 for more information.