Malta

The Republic of Malta is a captivating island nestled in the heart of the Central Mediterranean, boasting delightful weather year-round. It stands as a beacon of political and economic stability, earning the prestigious rank of the second safest country in the world according to the World Risk Report 2016. With economic growth surpassing that of many EU nations and Commonwealth member states, Malta is a beacon of prosperity.

As a member of the EU and the Schengen Area, Malta offers unparalleled opportunities for residence and travel. A residence permit in Malta grants visa-free access to the Schengen Area, with the potential for naturalization as a Maltese citizen. Moreover, applicants have the privilege of including adult dependents, such as parents or grandparents, in their residency plans.

Eligibility for Maltese Residence
Residency entitles the applicant and his/her dependents to reside, settle or stay indefinitely in Malta, subject to meeting the following conditions:
1. Good standing and reputation (‘fit and proper’ test); this is the due diligence process.
2. Being physically healthy.
3. Proof of Annual Income of €100,000 arising outside of Malta; Or in the possession of assets amounting to €500,000.
4. A non-refundable Contribution of €30,000 to the Malta Social & Development Fund which covers the main applicant, their spouse or partner and any economically dependent children.
5. Other adult dependents (e.g., parents or grandparents) will each have to pay an additional contribution of €5,000.
6. An Investment in Approved Bonds or Securities amounting to €250,000 for a minimum of 5years after the residence certificate has been issued (e.g., 5 years from the end of the process);
7. The Purchase of Residential Property (a “qualifying property”) in Malta at a minimum purchase value of €320,000 or rental of over €12,000 per year (€270,000 or €10,000 for a property in Gozo or the South of Malta) for a minimum of 5 years after the residence certificate has been granted (e.g., 5 years from the end of the process); and
8. European sickness Insurance covering the whole family with a minimum amount of €30,000coverage per person after the letter of approval. This must be maintained every year after the residence certificate has been issued.