Malta Golden Visa validity is one of the most common questions our investors ask. Also known as the Malta Permanent Residence Programme (MPRP), this residency-by-investment program helps non-EU citizens obtain permanent residence in Malta. Unlike the Malta Citizenship by Investment Program or the Global Residence Program, the Golden Visa does not offer citizenship. Rather, it grants long-term residence rights in Malta and the Schengen Zone. As a result, the scheme appeals to non-EU nationals who wish to live in one of Europe’s most vibrant countries.
The investors benefit from Malta’s sound economy, Mediterranean landscape, and rich heritage.
In this post, we will examine the details of the validity and renewal term of the Malta Golden Visa, and key facts that everyone needs to know.
Golden Visa Malta Validity and Renewal
Validity of the Malta Golden Visa
The Malta Golden Visa grants successful applicants the right to live in Malta for five years. To maintain residency, you must renew the residence permit before it expires.
Conditions for Renewal
When your Malta Golden Visa expires, you must meet several government-set requirements:
- Maintaining Investment: The minimum investment you have made as part of the application is to be maintained during your residence. This can be through investment in real estate and financial investment in government-approved funds, or other qualifying investments.
- Malta Residence: The applicants must spend a minimum of 183 days a year in Malta to retain their residence status.
- Good Character: Evidence of good character must be provided by applicants in the form of a police clearance certificate attesting to no criminal record. This is a basic stipulation for the renewal application.
- Health Insurance: You must have valid health insurance that covers you and your family while living in Malta.
Renewal Process
The renewal is carried out by the Maltese authorities and typically includes the following steps:
- Filing of Renewal Application
You should submit your renewal application at least three months before your current permit expires. This includes completing required forms and providing supporting documentation. - Documentation
Validity of Golden Visa Malta – you will have to provide:- Proof of your ongoing investment, and
- Proof of residence indicating the minimum days spent in Malta, and
- Up-to-date police clearance certificates, and
- Health insurance records.
- Processing Fees
You must pay a processing fee when submitting your renewal application. The fee depends on individual situations and needs to be ascertained at the time of application. - Wait for Approval
The authorities will approve your application after submission. Since approval timelines may vary, it’s best to plan ahead to avoid any disruption in your residency status. - Obtain New Residence Permit
Once approved, you will receive a renewed residence permit confirming your extended stay in Malta.
Conclusion
Malta Golden Visa offers a great option for people who would like to migrate to Malta and experience its special way of life. The validity is for five years, and the residents should know how to renew it so that they can stay in the country. Through fulfilling the prerequisites necessary and going through the correct renewal procedures, applicants can then proceed and reap the rewards of residing in Malta, such as access to the Schengen Area, stability, and a high standard of living.
FAQ
How long can I stay in Malta with a Golden Visa?
The residence permit allows you to remain in Malta for a period of five years, renewable if conditions are met.
Do I need to live in Malta year-round?
You are required to spend a minimum of 183 days in Malta each year of residence to retain the residence permit.
What if I do not renew my Golden Visa?
Not extending your Golden Visa can result in the loss of your residency and the corresponding rights in Malta.
Is there a permanent residency possibility after the Golden Visa?
Yes, after five years of uninterrupted residency, you can apply for permanent residency in Malta.
Can my family join me under the Malta Golden Visa?
Yes, the program permits immediate family members to file for residency under the same investment, so it is family-friendly.
