Malta Golden Visa: The Complete Guide

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Malta is known for their great weather and breathtaking landscapes, but now they’re also known for its Malta Golden Visa. I’ve helped a friend through the process and realized that there are a lot of questions when it comes to the Golden Visa. So if that is you, never fear. I’ll guide you through everything you need to know about the Malta Golden Visa.

What Is A Malta Golden Visa?

The Malta Golden Visa (Malta Residence and Visa Program) route allows high-income individuals to receive a Maltese passport (European passport) within one to three years by making a substantial investment in Malta.

To get a Malta passport in one year, you have to invest at least EUR 750,000 in the national development fund. An investment of EUR 600,000 will get you a Malta passport after three years.

Under the new Malta Permanent Residence Programme for Exceptional Services by Direct Investment program, you and your family must live in Malta until you become eligible for Malta citizenship. This means that you also have to invest in residential real estate.

What Are The Investment Options For A Malta Golden Visa?

There are two Malta Golden Visa investment options available:

  • The Malta Citizenship By Investment Program
  • The Malta Permanent Residency Program

I will discuss each of these investment options in length.

The Malta Citizenship By Investment Program

The investment options leading to a Maltese passport are:

  •         Three-year program: Your main investment should be at least EUR 600,000 to the national development fund. Then there is also the additional investment for family members, which is EUR 50,000 for each dependant family member included in your application. You also need additional residential investments, which means you must purchase a residential estate worth at least EUR 700,000. If the property is located in Gozo or the South of Malta, the minimum purchase amount is €270,000. Or you can enter a rental agreement of at least EUR 16,000 per year, which you must maintain for 5 years. Lastly, you must donate at least EUR 10,000 to an approved cultural, scientific, philanthropic, or artistic organization or society.
  •         The one-year program (12 months of residency): Your main investment should be at least EUR 750,000 to the national development fund. You also need additional funding for family members worth EUR 50,000 for each dependent family member included in your application. You must also purchase residential property worth EUR 700,000 or enter a rental agreement of at least EUR 16 000 per year, which you must maintain for at least 5 years. Lastly, You must donate at least EUR 10,000 to an approved cultural, scientific, philanthropic, or artistic organization or society.

The Malta Permanent Residency Program

The Malta Permanent Residency Programme (MPRP), as the name suggests, leads to permanent residence in Malta, as opposed to immediate Maltese citizenship. It is part of the Malta Golden Visa scheme. The investment required for an MPRP is EUR 100,000.

Your main investment should be at least EUR 98,000 to a Government approved fund. In addition, you also need to make a charitable donation of at least EUR 2000 to a registered non-governmental organization in Malta. Lastly, you must sign a rental contract of at least EUR 10,000 per year for at least five years.

Quick note: After obtaining your permanent residence card, if you continue to live in Malta, become integrated into the society, and learn the language, you can apply for Malta citizenship after five years.

Who Can Apply For A Malta Golden Visa?

Be sure to check the eligibility requirements to see if you’re eligible; otherwise, they won’t accept your Malta Golden Visa. To be granted a Golden Visa for Malta, you must fulfill the following eligibility requirements:

  • You are at least 18 years of age.
  • You don’t have a criminal record and don’t face a criminal investigation or international sanctions. This also applies to all family members included in your application.
  • You agree to support your family members, included in your application.
  • You must have the necessary funds to make your investment.

What Are The Residency Requirements For A Malta Golden Visa?

The residency requirements for the Malta Golden Visa are straightforward. The time you have to live in Malta before you become eligible for citizenship depends on your type of investment:

  • If you invest at least EUR 750,000, you can get a Malta passport after 1 year.
  • If you invest EUR 650,000, you can get a Malta passport after 3 years.
  • If you invest EUR 100,000, you can get a Malta passport after at least 5 years.

What Are The Required Documents For A Malta Golden Visa?

If you apply for a Malta Golden Visa, you (the main applicant) need to ensure that you have all the required travel documents. If you forget to add one of the travel documents, the visa processing time could take longer, or in extreme cases, they reject your application. You need the following travel documents for your Malta Residency By Investment:

  • A valid passport as well as a passport for each family member.
  • Malta Golden Visa Application form (completed and signed)
  • Cover letter, signed by you.
  • Proof of having undergone due diligence (documents).
  • Proof you have the necessary funds for the investment (bank statements).
  • Bank statements from your country of residence.
  • Proof of family relationship, like your marriage certificate, divorce certificate (if applicable), your dependent children’s birth certificates, and custody documents (if applicable).
  • Documents proving financial dependency (for adult children, parents, or grandparents).
  • Police certificates, proving you do not have a criminal background.
  • Medical reports for yourself and your family. You require medical reports to prove you don’t have any contagious disease that could endanger public health in Malta.
  • Any other supporting documents, as required, like proof of health insurance.

Quick note: The exact documents will change depending on your circumstances (investment, family, background).

What Is The Processing Time For A Malta Golden Visa?

The actual process of the visa application can take anywhere from four months to a year. In addition to that, you need to live in Malta for at least one year before you can apply for Maltese citizenship.