The MPRIP application requirements and procedures are reasonable and straightforward. The application is submitted to the government agency responsible for the applications, Identity Malta, with a non-refundable deposit of the contribution amount in the sum of EUR 5 500. After stringent due diligence checks, successful applicants will be requested to complete the qualifying investments and will then be issued a Residence Permit.
Identity Malta will issue successful applicants with a Maltese Residence Certificate, which will be deemed to be a permit. The certificate will be monitored annually for the first five years from its issue, and every five years thereafter.
|1.||Proof of financial ability to participate in the program. Showing annual income of €100 000 or minimum capital of €500 000.||Day 1|
|2.||Execution of MIS Engagement Agreement (EA), Power of Attorney and of Lease Agreement. Payment of fees indicated by the payment schedule.||Day 1|
|3.||Filling out immigration information form for RP, collecting exhibits relevant to application according to checklist.||Day 1|
|4.||MIS Sending out the filled in forms and exhibits to Malta legal rep.||Day 2|
|5.||Legal rep. sending to MIS verification that application is formally correct, source of funds are clean, info supplied is correct and applicants’ background is clean.||Day 3-30|
|6.||Clients receive visa to Malta with the assistance of MIS||Day 3-30|
|7.||Schedule 5-day visit to Malta (between legal rep. and applicant with the assistance of MIS)||Day 31-50|
|8.||Visit to Malta (all family members involved in application). Obtain health insurance.||Day 31-50|
|9.||Open bank account in Malta.||Day 50-60|
|10.||Meet with legal rep. Tax advice. Signing RP application material.||Day 50-60|
|11.||Visit Maltese authorities with legal rep. Identification (photo, fingerprint etc.).||Day 50-60|
|12.||Due Diligence of the Maltese authorities, approval in principal of application||Day 50-90|
|13.||Arrange for transfer of €250 000 bond purchase price and €24 500 remaining part of contribution to the Maltese government.||Day 50-90|
|14.||Receive RP||Day 90-180|