The Malta Golden Visa validity is a key question and often asked by our investors. Officially known as the Malta Permanent Residence Programme (MPRP), is a residency-by-investment program that benefits non-EU nationals to obtain permanent residency in Malta. Unlike the Malta Citizenship by Investment Program or the Global Residence Program, the Golden Visa does not grant citizenship but provides long-term residency rights in Malta and in the Schengen Area. Malta Golden Visa is an appealing program for non-EU nationals seeking residency in one of Europe’s most vibrant countries. This program grants residence permits to those who invest in Malta and benefiting from its stable economy, stunning landscapes, and rich history.
In this article, we will delve into the specifics of the Malta Golden Visa’s validity period and the renewal process, and essential information everyone should know.
Golden Visa Malta Validity And Renewal
Validity Period of the Malta Golden Visa
The Malta Golden Visa, allows successful applicants to obtain a residence permit in Malta and the Malta Golden Visa validity is typically 5 years. However, it is essential to note that the residence permit must be renewed if you wish to maintain your residency status in Malta.
Conditions for Renewal
After the expiry of your Golden Visa Malta validity, you must meet certain conditions established by the Maltese government:
- Maintaining Investment: The original investment made as part of the application process must be maintained throughout your residency. This could include real estate investments and financial contributions to government-approved funds, or other qualifying investments.
- Residence in Malta: Applicants must spend a minimum period residing in Malta. The general requirement is to spend at least 183 days in Malta each year to maintain residency rights.
- Good Character: Applicants must provide proof of good character through a police clearance certificate showing no criminal record. This is a fundamental requirement for the renewal application.
- Health Insurance: You should maintain valid health insurance covering you and your family residing in Malta.
Renewal Process
The renewal process is administered by the Maltese authorities and generally entails the following steps:
1. Submission of Renewal Application: The renewal application should be submitted at least three months before the expiration date of your current permit and includes completing the necessary forms and providing any required supporting documentation.
2. Documentation: Golden Visa Malta validity – you will need to submit:
- Evidence of your continued investment, and
- Proof of residence indicating the minimum days spent in Malta, and
- Updated police clearance certificates, and
- Health insurance documentation.
3. Processing Fees: You will need to pay a processing fee along with your renewal application. This fee varies based on specific circumstances and should be confirmed at the time of application.
4. Await Approval: After submission, the authorities will review your application. Approval times may vary and it is advisable to plan accordingly to ensure continuity in your residency status.
5. Receive Updated Residence Permit: Once approved, you will receive an updated residence permit reflecting the extension of your residency in Malta.
Conclusion
The Malta Golden Visa provides an excellent opportunity for individuals looking to move to Malta and experience its unique lifestyle. With a validity of five years, residents must understand the renewal process to maintain their status in the country.
By meeting the required conditions and following the proper renewal steps, applicants can continue enjoying the benefits of living in Malta, including access to the Schengen Area, a stable environment, and a high quality of life.
FAQ
How long can I stay in Malta with a Golden Visa?
The residence permit allows you to reside in Malta for a maximum of five years, with eligibility for renewal 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 during each year of residency to maintain your residence permit.
What happens if I do not renew my Golden Visa?
Failing to renew your Golden Visa may result in the loss of your residency status and the associated rights in Malta.
Is there a permanent residency option after the Golden Visa?
Yes, after five years of continuous residency, you may apply for permanent residency in Malta.
Can my family join me under the Malta Golden Visa?
Yes, the program allows immediate family members to apply for residency under the same investment making it a family-friendly option.