Malta is a small island nation situated in the Mediterranean Sea. It has become a popular choice for people seeking residency in the European region.
Due to its location, scenic views, tax-related rules and regulations, and quality of life every year, application for residence in Malta is increasing day by day.
So in this blog, I will provide complete information about how to get malta residency. You will get information like why Malta is good for residency, eligibility requirements, and costs related to getting a Malta residency.
If you want to know about Malta EU Blue Card Visa, read our other blog.
Why Is Malta Good For Residence?
Nowadays, many countries want highly skilled employees as they are facing workforce shortages.
But among many countries providing immigration opportunities, why should you choose Malta?
The main reason to choose Malta is the official language of the country. Many countries of the EU provide good lifestyles, the best labor laws, free education, and much more but the problem that most international students fave in these countries of the EU is that they have a different official language than English, like German in Germany, Italy also has a different language. But this problem has been solved by Malta.
You will be surprised to know that this island located in the middle of the sea has the best climate among many other western countries. The climate in most western countries like Canada, Germany, and the USA is pretty harsh and it becomes difficult for Indian students to adapt to the climate of these temperate countries, but Malta is a sunny country with 300 sunny days around the year. It also has the right temperature which gives you a beach-like feel everywhere in the country.
The other reason for moving to Malta is that it has a large number of vacancies in nearly all sectors. Malta is in desperate need of highly skilled professionals who can work in their country to improve the economy. Thus, Malta offers many job opportunities for highly skilled professionals and also offers economic education.
One of the most important reasons to move to Malta is that it is one of the cheapest in the EU. It has a very low population, and thus the living and food costs are extremely low especially compared to other countries of the EU.
One of the biggest challenges faced by international employees and students in a foreign country is getting a permanent residency. Malta has a smooth and easy process for residency, and here I will answer your question about How to get Malta Residency.
Read our other blog to learn about Malta Visa Success Rate.
How To Get Malta Residency
The question of how to get a Malta residency doesn’t have a short answer, getting a Malta Residency has several aspects and is a broad question. I will break it down for your clear understanding.
Documents Required For Malta Residency
Before we dive deep into various programs, I will discuss the general requirements that are required to apply to any residency program in Malta.
By going through these requirements, you will get a clear view of how to get a Malta Residency.
To apply to any of Malta’s residency programs, you must contact an authorized registered mandatary/mandatory (ARM).
This is the first and foremost requirement; the ARM is an individual who has been granted the legal right to practice as an advocate, accountant, or financial services practitioner in Malta.
The ARM has to be a person who is also registered with the Commissioner of Revenue. Your application must be signed, verified, and submitted by an ARM for consideration.
Fit and Proper resident
This simply means that you should have a record of being a good citizen in your home country.
A certificate or letter stating that you do not have a criminal record can be easily obtained from your nearest police station.
You also need to submit a copy of your health insurance with your application. The health insurance should be either licensed by a company in Malta or should be a global health insurance issued by a reputed company.
At the time of application, you will be required to submit various documents most of which will not be issued by Malta like your employment history, or your certifications, in this case, they have to be verified by a lawyer in Malta.
If the documents are not in English, they should be legally translated into English.
Now that we are clear with all the general requirements of how to get a Malta Residency let’s deep dive into the Malta permanent residency program.
To get the answer to the question, “How To Apply Work Visa For Malta From India,” read our other blog.
Malta Residency programs
There are several Residency programs in Malta.
- The Permanent Residency Program
- Malta Residence and Visa Programme (MRVP)
- Global Residence Program (GRP)
The Permanent Residency Program
In April 2021, the Maltese government launched the permanent residency program for non-EU nationals who are willing to get a residency in Malta. The main reason for this program is to draw in people who would buy or rent a high-priced property.
The Malta permanent residency program will offer non-EU nationals an opportunity to move permanently to Malta with their family.
There are several benefits of having a permanent residency in Malta, including free visa travel to all the Schengen countries and the right to stay, buy or reside anywhere in Malta.
This residency program is comparatively new and thus there is no defined stay limit on this program but it is expected that the permanent residency would be renewed on an annual basis.
If you are looking for a Malta residence card, and if you are a qualified professional who can qualify for 5 years of employment in Malta, or if you have enough funds after 5 years to buy a property in Malta, then this program is the best for you. This program is the best answer to how to get Malta residency.
Requirements for the Malta permanent residency program
The following are the legal requirements for how to get Malta Residency.
- You should be at least 18 years of age.
- You should be a national of a non-EU country.
- You should throughout your stay maintain stable and constant financial and physical resources to support yourself and your Family’s stay in Malta.
- You will have to provide a clean police record.
- You should be able to show a legal source of wealth or a way to support your finances, this can be by a job in Malta.
- You should be able to show at least a capital of EUR 500,000 with EUR 150,000 being in financial assets.
- You will also have t submit valid travel documents, like a long-term visa.
- You should have a global health insurance
- You will have to undergo a stringent 4-tier diligence test
This is the first program that can be the answer to your question “how to get malta residency.”
To learn How To Find Job In Malta As A Student, read our other blog.
Malta Residence and Visa Programme (MRVP)
The Malta Residence and Visa Programme (MRVP) issue a Maltese residence permit offering the right to live, work, settle, and stay in Malta indefinitely. Another benefit that people get is free travel across the EU Schengen countries.
In a single application, the main applicant can add their spouse or long-term partner, children under 18, parents and spouses of parents and their children over 18 who are unmarried and financially dependent on the main applicant.
MRVP Qualification Requirements
The main applicant must fulfill one of the following requirements.
- Invest in Malta’s property with a value of at least €320,000.
- Create a rental contract for a minimum of €12,000.
- Declare an income of €100,000 annually and gaining popularity outside Malta.
- Show that they have €500,000 or more capital reserves.
- Pay €30,000 as a one-time contribution to the Maltese government.
- In government-approved bonds and shares, invest a minimum of €250,000
The dependent must,
- Have all valid travel documents.
- Have health insurance valid in the EU.
This is the second program that can be the answer to your question “how to get malta residency.”
Global Residence Program (GRP)
The Global Residence Program (GRP) is a residency program designed for non-EU/EEA/Swiss nationals who want to stay in Malta for an indefinite amount of time. People under this program can work in Malta without difficulty if they fulfill all the requirements for the work permit. This program was launched in 2013 to attract high-net-worth individuals to Malta.
GRP Qualification Requirements
To be eligible for this program, applicants must meet the following requirements:
- Must not be a Maltese, EU/EEA or Swiss national
- Must be at least 18 years old
- Must not have a criminal record
- Must have a stable and regular source of income sufficient to maintain themselves and their dependents without relying on the Maltese social assistance system
- Must have a minimum net worth of €500,000 or a minimum annual income of €100,000 arising outside Malta or a combination of both amounting to €500,000
- Must either rent or purchase a qualifying property in Malta
- Must have valid health insurance coverage
Successful applicants will be granted a 5-year residence permit which can be renewed upon expiry.
This is the third program that can be the answer to your question “how to get malta residency.”
Having a Malta residency can provide you with many benefits for traveling and staying anywhere in Malta, it can provide free healthcare to your family, and free and quality education for your children and yourself.
I hope this blog has cleared all your doubts regarding how to get Malta residency. For more content like this, keep visiting CourseMentor™.
To read about Malta Visa For Indians, read our other blog.
Is it possible to obtain Maltese citizenship through marriage?
Yes, it is possible to obtain Maltese citizenship through marriage, but the process is not fast. After being married to a Maltese citizen for at least 5 years, non-EU/EEA/Swiss nationals can apply for citizenship.
Is Malta good for Indians?
Yes, Malta can be considered as a safe country for Indians. Malta has lowest crime rate among all European nations and considered as the second safest country in world.