The MRVP grants individuals, who are not EU, EEA or Swiss Nationals a residence permit
which gives beneficiaries the right to land, reside and to remain permanently or indefinitely
In order to benefit from this programme, applicants must satisfy the eligibility criteria and
the relevant requirements under the Regulations. Beneficiaries under this programme must
satisfy the following requirements:
- be at least 18 years of age;
- purchase immovable property situated in Malta at a consideration of not less than
EUR 320,000 or rent property in Malta for not less than EUR 12,000 per annum,
which property needs to remain so held for a minimum period of 5 years from the
date of the certificate 1 ;
- hold an initial investment of EUR 250,000 in a form determined from time to time by
Identity Malta, which investment needs to remain so held for a period of 5 years
from the date of the certificate;
- pay a contribution amount of EUR 30,000;
- possess a valid travel document for the applicant and his dependants;
- possess health insurance in respect of all risks across the whole of the EU for the
applicant and his dependants;
- provide an affidavit declaring that from the date of the application he has an annual
income of not less than EUR 100,000 arising outside Malta or is in possession of
capital of not less than EUR 500,000; and
- meet all application requirements.
The Application Process
An individual who would like to benefit from this programme needs to apply to Identity Malta through a registered approved agent or an accredited person and must pay a non-refundable administrative fee of €5,500 (which forms part of the contribution amount).
Bencini Demajo Corporate Services Ltd. has been approved and licensed by Identity Malta as an accredited person.
According to Identity Malta, the Malta Government Entity responsible for this programme, the following time frames should be adhered to :
- 30 to 40 days from the moment the application is submitted to the moment when the letter of acceptance is issued.
- 10 to 20 days from the moment the letter of acceptance is issued to the moment when the Certificate of Residency and Residence Cards are issued.
The The above time frames are only indicative and will be dependent on the number of applications received by the agency during any time period.
Duration of Residence Certificate
The certificate, which is issued by Identity Malta, is monitored annually for the first five years from issuance, and every 5 years thereafter.
How the Residence Benefits can be lost
A beneficiary shall cease to benefit from the certificate issued under this programme if:
- he/she becomes a Maltese, EU, EEA or Swiss national;
- he/she applies for or acquires the status of a long-term resident in terms of the
- he/she does not satisfy the requirements under the programme at any time;
- he/she becomes ineligible under the programme at any time;
- his/her stay is not in the public interest; or
- he/she stays legally and continuously in Malta for a period of four years.