The Maltese authorities have adjusted the conditions for obtaining a residence permit. Now the foreigners, dreaming of the opportunity to live on this ancient island all year round, can arrange all the necessary paperwork as soon as possible — 3-4 months. In addition, applicants for a residence permit no longer have to reside in Malta during all the year.
The new system, which replaced the program of the GRP (Global Residence Program), is called MRVP (Malta Residence and Visa Program). An important limitation for the participants — the inability to obtain local citizenship.
What is needed from the applicant of a residence permit? There are 3 options. You can invest €250,000 in bonds, purchase housing in the amount of €320 000, to rent it out for €12 000 per year. Housing is prohibited to be resold for 5 years, the lease also should include a 5-year term.
In the south of Malta requirements arereduced to €270 000 for the purchase and €10 000 for rent.
After 5 years bonds and real estate can be sold. In order to once again extend the permit, you should just continue to rent property here, as a foreigner must have a residence address on the territory of Malta.
According to the materials of провэд.рф
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