Malta Residency by Investment Program (MRIP), which provides a pathway for third-country nationals (non-EU, non-EEA, or non-Swiss) to obtain Malta residency through investment. Here are the key points:
Program Overview:
The MRIP allows successful applicants to acquire a Certificate of Maltese Residence, granting them the right to reside in Malta indefinitely along with their family members.
Applicants must meet specific investment requirements and maintain their investment for at least five years.
Benefits:
Visa-Free Travel: Successful applicants enjoy visa-free travel across the Schengen Area (with a maximum stay of 90 out of 180 days on a rolling basis).
Generational Inclusion: Up to four generations can be included in a single application.
Property Investment Options:
Buying Property: Minimum property investment starts from €300,000.
Renting Property: Minimum rental investment starts from €10,000.
Access to Malta’s thriving real estate market, healthcare, and education opportunities.
Application Process:
Applicants must meet criteria such as a lease agreement, property investment, and government contributions.
The processing time typically ranges from four to six months and includes background checks and document verification.
Tax Considerations:
Spending 183+ days a year in Malta can lead to tax residency.
Malta’s tax system may be attractive compared to other states.
In summary, the MRIP offers a compelling opportunity for individuals seeking to enhance their mobility, quality of life, and access to the Schengen Area.