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Application forms for the new Malta Residence and Visa Programme (MRVP) are now being accepted

25.05.2016

Nexia BT is pleased to announce that application forms for the Malta Residence and Visa Programme (MRVP) are now being accepted.

The MRVP was launched in 2015 and provides successful applicants and their dependents with a certificate entitling them to reside, settle or stay indefinitely in Malta and benefitting from visa-free travel to Schengen area countries under the Schengen Rules.

The qualifications and general requirements to issue a certificate under these regulations are that such applicants:

  1. are at least eighteen years of age and are third county nationals – i.e. not Maltese, EEEA or Swiss nationals;
  2. have an annual income of at least €100,000 arising outside Malta or have capital of not less than €500,000;
  3. meet the application requirements;
  4. have a clean criminal record (as do their dependants), have passed the due diligence test and are fit and proper persons;
  5. commit themselves to provide proof of title to a qualifying property which may be either purchased, or rented, with a minimum value of €320,000 or €12,000 annual rent respectively (€270,000 or €10,000 annual rent if located in Gozo or in the South of Malta), which must be held for a minimum of 5 years;
  6. commit themselves to a qualifying investment of an initial value of €250,000 which must be held for a minimum period of 5 years from the date of certificate; and
  7. commit themselves to pay in full a contribution of €30,000 in accordance with the MRVP regulations.

Identity Malta is entrusted with the running of the programme. Each application has to be administered by a registered approved agent with Identity Malta. Nexia BT is a leading authorised agent in Malta with a team of experienced professional experts which include English, Maltese, Italian, French, Chinese and Russian speakers at your disposal.

For further information on the Malta Residence and Visa Programme or Malta’s Individual Investor Programme please refer to our dedicated section within our website