A Legal notice issued at the end of August 2015 by the Maltese Government has released new terms related to “The Malta Residence & Visa Programme Regulations”.
These rules are applicable only to 3rd country nationals, who will be provided a Certificate awarding them the right to live, settle and remain indefinitely in on the Islands, only if certain terms, conditions and criteria are met.
A receiver under these rules is an individual who demonstrates to the satisfaction of Identity Malta that he/she:
Receivers of the Global Residence Programme are permissible to apply for the issuance of this Certificate, under the understanding that they meet all the extra eligibility requests of these new terms.
The policies establish that dependents shall contain:
If the recipient opts to acquire immovable property, the minimum threshold should be of at minimum €320,000. If the said property is located in the south of Malta or in Gozo, the least value may be that of €270,000.
A recipient under the scheme has the choice to rent a property in Malta or Gozo instead of buying immovable property. The least annual rental value of the property has to be at least €12,000 (twelve thousand euros) if the property is situated in Malta or €10,000 if in Gozo or in the south of Malta.
As referred to above, the Credential issued by Identity Malta in standings of these rules would provide the possessor to live, settle and remain in Malta for an indefinite period. This certificate is subject to an yearly monitoring practice for the first 5 years from its release, and every five years thereafter.
A holder of such Certificate will not be automatically entitled to any other rights mentioned in the Immigration Regulations.
Someone who desires to submit an application in terms of the Malta Residence & Visas Programme Regulations, must be represented by a registered approved agent or an accredited person. A non-refundable administrative fee of €5,500 has to be paid upon application.
Upon receipt of the application, Identity Malta would review it and determine whether the applicant qualifies as a beneficiary. If Identity Malta decides that he does qualify, a letter of approval in principle is issued, following which the applicant is asked to pay a contribution of €30,000 less the non‑refundable administrative of €5,500 referred to above.
Once Identity Malta is satisfied that the contribution has been paid in full and that all the necessary supporting documentation is presented, the Certificate would be issued to the applicant accordingly.