Attractive Changes in Malta Residency and Visa Programme
Published on 27 February, 2019
The Malta Residency and Visa Programme (MRVP) is maybe Europe’s youngest but already thriving. It has received more than 1,000 applications to date. To make the programme even more attractive, the Malta Residency and Visa Agency (MRVA) announced major policy changes regarding investment options.
Before the announcement, the MRVA required the following investments and contributions from prospective applicants:
- A €30,000 administration fee (plus additional fees for parents and parents-in-law)
- A €250,000 investment in government stock (bonds, effectively)
- Purchase or rental of a residence at minimum €270,000 or €10,000 p.a. (for five years), respectively.
The revised regulations now state that investors can make investments in any debt or equity securities listed on the Official List of the Malta Stock Exchange. Furthermore, collective investment schemes that invest in such debtor equity securities are also acceptable. The amount required to be invested (EUR 250,000) and the period for which the investment must be held (five years) remain unchanged. Hence the programme has become even more flexible than its previous version. This shall also allow to find a tailor made investment solution to an applicant interested in setting foot in Malta.