How Easy Is It to Get Residency in Malta?

Acquiring residency in Malta is an increasingly popular option for individuals looking for a new life abroad, particularly for non-EU nationals. The naturalization process can be relatively straightforward, provided you meet certain requirements and follow the correct procedures.

Pathways to Malta Residency

The question of how to get Malta residency is a multifaceted one and involves various programs designed to cater to different groups of applicants. This article will delve into the key aspects and requirements, along with an overview of the programs available.

General Requirements for Malta Residency Applications

To apply for any residency program in Malta, several general requirements must be met. These include:

1. Authorized Registered Mandatary (ARM)

The process begins by contacting an Authorized Registered Mandatary (ARM). ARM professionals have legal rights to practice as advocates, accountants, or financial services practitioners in Malta.

2. Fit and Proper Resident Status

Candidates must prove that they are upstanding citizens with a clean criminal record. A certificate from the nearest police station can provide this verification.

3. Health Insurance

Applicants must submit a certified health insurance policy, which must be licensed by a company in Malta or issued by a reputable global health insurance provider.

4. International Documents Verification

Documents such as employment history and certifications must be verified by a lawyer in Malta. If the documents are not in English, they must be legally translated.

Malta Permanent Residency Program

In April 2021, the Maltese government introduced the Permanent Residency Program, targeting non-EU nationals who wish to buy or rent high-priced properties. This program offers a permanent residency option for individuals, their families, and supporting legal documentation.

Requirements for the Malta Permanent Residency Program

The key requirements for the permanent residency program are as follows:

Minimum age of 18 Non-EU national status Stable and constant financial resources to support you and your family in Malta Clean police record Legal source of wealth or evidence of finance in Malta (job or investment) A capital of EUR 500,000 with EUR 150,000 in financial assets Valid travel documents (long-term visa) Global health insurance Pass a stringent 4-tier diligence test

Qualifying Family Members

The family component is significant, and the following can accompany you if they qualify:

Your married partner (legal marriage certificate required) Your children under 18 (financially dependent) Your or your partner’s parents (financially dependent) Your or your partner’s grandparents (financially dependent)

Application and Fees

Upon approval, you will need to pay a deposit of EUR 10,000 (non-refundable) and an additional EUR 30,000 in fees. Successful applicants must purchase or rent a property in Malta and make a donation to a recognized NGO.

Application Process

The verification process can take up to 4-6 months. Once approved, you must complete the final steps within a specified timeframe to secure the residency.

Conclusion

Getting residency in Malta is a multi-step process that requires careful preparation and adherence to the specified requirements. However, the rewards of living in this beautiful and progressive EU country make it a worthwhile endeavor for those who qualify.