The Malta Residence and Visa Programme (MRVP) grants permanent residence to highly reputable individuals that want to invest in Malta. Applicants under the MRVP can include up to four generations of family members in the application process.
Information about Malta
Located at the heart of the Mediterranean Sea, Malta has historically acquired a strategic position as a base for many successive powers and has played a key role in many important events in the region. Malta has maintained and enhanced its strategic position by joining the European Union in 2004 and the Schengen area in 2007. Malta has a population of 440,000 that inhabit an area of 316km2.
The following is a list of some of the most prominent benefits associated with the acquisition of residence through the Malta Residence and Visa Programme.
- Mobility: Malta is very well connected to most of the European capitals, such as Rome, Paris and London. As a member of the Schengen Area, each Maltese citizen and resident can travel freely throughout the 26 state members of the Schengen area. Obtaining a residence permit in Malta eases the process of conducting business and moving throughout Europe.
- Education: Due to its history and ties with the United Kingdom, Malta has established a British educational system. Moreover, one of the official languages in Malta is English. One can pursue education up to University level in Malta. MRVP holders are able to access the educational institutions in Malta through admission rates applicable*. Residence holders can access all levels of education ranging from primary school up to University. Educational institutions are equipped with the latest technology and the curriculum prepares the students to access Universities throughout the European Union.
- Healthcare: The Maltese healthcare system is renowned at a global level, there are public and private healthcare units around the Island. The public hospital is one of the largest in Europe and it offers general and specialists services. In private hospitals patients can access any services ranging from GP to major surgeries. MRVP residence holders must hold a fully covering health insurance with a minimum value of €50,000. This will enable them to access public and private healthcare and redeem the cost through the insurance. If an MRVP client decides to work in Malta and pay social security, he/she will be entitled to an EHIC card. This card enables the client to have access to standard and urgent medical assistance in all EU countries, while travelling.
- Taxation: An MRVP client has the option of applying for a tax number in Malta and hence become tax resident. A person who is resident but not domiciled in Malta is only taxed on income remitted and/or arising in Malta and capital gains arising in Malta, excluding any capital gains arising outside of Malta. Income received or arising in Malta is normally taxed at a progressive rate of 0% to 35%.
- Business environment: Incorporating and forming a company in Malta is a very straightforward process. The financial services regulations in Malta are in line with EU standards and regulations, therefore, it is a safe environment to conduct business in.