{"id":56383,"date":"2021-03-26T10:34:06","date_gmt":"2021-03-26T14:34:06","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56383"},"modified":"2021-03-26T10:34:06","modified_gmt":"2021-03-26T14:34:06","slug":"maltas-new-golden-visa-lower-investments-but-no-more-return-of-funds","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/maltas-new-golden-visa-lower-investments-but-no-more-return-of-funds\/","title":{"rendered":"Malta\u2019s New Golden Visa: Lower Investments but No More Return of Funds"},"content":{"rendered":"

Malta is seeking to build on impressive numbers including \u20ac50 million capital in two years, 136 jobs, and the attraction of human capital worth \u20ac6 million with its revamped Malta Permanent Residence Program<\/a>.<\/p>\n

Malta\u2019s citizenship by investment program \u2014 the Individual Investor Program \u2014 may dominate headlines but the country\u2019s permanent residence by investment program also has an impressive record of attracting foreign investment.\u00a0<\/span><\/p>\n

Introduced in 2016, the Malta Residency Visa Program (MRVP) creates jobs and attracts financial and human capital to Malta, including during the pandemic-hit year of 2020.\u00a0<\/span><\/p>\n

Strong Numbers for the MRVP\u00a0<\/span><\/h3>\n

An economic impact study done prior to the program\u2019s renewal threw up important details of the program\u2019s impact on the Maltese economy.\u00a0<\/span><\/p>\n

Between 2017 and 2019, the program attracted foreign financial capital of around \u20ac30 million with an additional \u20ac19 million inflow in 2020.<\/p>\n

Boost to consumption expenditure due to this program is estimated at \u20ac18 million for 2019 with an additional \u20ac18 million estimated in direct and indirect value addition.<\/p>\n

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Read More<\/b><\/p>\n

Malta to Launch Revamped Investment Immigration Program<\/a>
\nInvestment in Malta`s CIP Passes \u20ac200m Mark<\/a>
\n\u2018Brexit\u2019 Uncertainty Could Hit Malta Investment Immigration Programs<\/a><\/p>\n

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The study estimates that the program contributed around \u20ac6 million to Malta\u2019s human capital and knowledge economy and created 136 jobs in the country. Finance and Information and Communications Technology were the primary sectors that saw job creation.<\/p>\n

Real estate investment is a mandatory requirement under the MRVP. However, with close to 90 percent of all MRVP applicants choosing to rent properties, the overall impact of the program on Malta\u2019s booming real estate sector has been negligible.\u00a0<\/span><\/p>\n

Revamped MRVP is now Malta Permanent Residence Program<\/h3>\n

Under the previous program, an investor had to fulfill the following requirements to qualify for permanent residence in Malta.\u00a0<\/span><\/p>\n

    \n
  • \u20ac250,000 investment in bonds or listed equities for a period of five years.<\/li>\n
  • Property purchase of \u20ac320,000 or lease of \u20ac12,000 per annum.\u00a0<\/span><\/li>\n
  • A non-refundable government contribution of \u20ac30,000.<\/li>\n<\/ul>\n

    Investment requirements under the revamped program are:<\/p>\n

      \n
    • Property purchase of \u20ac350,000 or lease of \u20ac12,000 per annum.<\/li>\n
    • Non-refundable government contribution of \u20ac28,000 for those buying property and \u20ac58,000 for those choosing to lease property in Malta.<\/li>\n
    • An administrative fee of \u20ac40,000.<\/li>\n
    • \u20ac2,000 contribution to charity to a local NGO registered on Malta\u00a0<\/span><\/li>\n<\/ul>\n

      Further, applicants must own assets worth at least \u20b9500,000 out of which at least \u20ac150,000 must be held in the form of securities.\u00a0 \u00a0<\/span><\/p>\n

      Removal of the \u20ac250,000 bonds investment requirement has reduced the overall cost of the program. However, the investor could recover this after a holding period of five years. So, while the absolute investment figure has come down, the program has actually become more expensive since the applicant cannot recover the property lease costs or the government or charitable contribution.\u00a0<\/span><\/p>\n

      The MPRP has a four-tier due diligence process with rigorous checks on source of wealth and funds owned by the applicant and his\/he family members.\u00a0<\/span><\/p>\n

      Malta\u2019s new citizenship by investment program attaches a lot of importance to physical presence before an investor can qualify for the EU citizenship. Considering this, investors may look to the significantly-cheaper permanent residence by investment program to qualify for citizenship of Malta and the EU in the long run. \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      Malta is seeking to build on impressive numbers including \u20ac50 million capital in two years, 136 jobs, and the attraction of human capital worth \u20ac6 million with its revamped Malta Permanent Residence Program. Malta\u2019s citizenship by investment program \u2014 the Individual Investor Program \u2014 may dominate headlines but the country\u2019s permanent residence by investment program…<\/p>\n","protected":false},"author":2,"featured_media":56384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454,100],"tags":[5810,5808,5806],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2021\/03\/Malta_184077656-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eFp","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56383"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=56383"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56384"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}