If you are an entrepreneur looking for a new opportunity, a Malta StartUp Residence Programme may be just what you want. Read more about this newly-announced programme.
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If you are an entrepreneur looking for a fresh opportunity, the Malta Startup Residence Programme may be just what you are looking for. The programme combines entrepreneurship and residency into one.
This programme is aimed at non-EU citizens and is designed to make it easier for innovative businesses to establish themselves in Malta. At the same time, the immigration of the startup’s founders/co-founders, core employees, and their immediate families is facilitated.
Beneficiaries of the Malta Startup Residence Programme are given a three-year residence visa that can be extended for an additional five years, allowing them to live in Malta while establishing their startup busines. The tangible investment and/or paid up share capital required is not less than €25,000.
The benefits or advantages of establishing a startup in Malta include the following:
Beneficiaries will be issued a residence permit for an initial period of three (3) years, allowing them to live in Malta while starting their startup business. Both the Malta Enterprise and Residency Malta must approve the application The residence permit is renewable for a further five (5) years.
For renewal, Malta Enterprise and Residency Malta must confirm that the founder and/or co-founders still meet the eligibility requirements and that the start-up is still ongoing.
To be eligible for the programme, the applicant must satisfy the following or requirements:
More information can be found in the official website of Residency Malta Agency: https://residencymalta.gov.mt/.
The Malta Startup Residence Programme is also open to the core employees of the enterprise and the family members of startup founders, cofounders and core employees, subject to conditions. Throughout the permit’s validity, the startup must comply with other conditions.
The Incorporated Startup in Malta is required to place a tangible investment and/or paid up share capital of not less than €25,000. An additional €10,000 is required per additional co-founder if more than four (4) co-founders are applying for the Startup Residence Permit. The maximum number of co-founders who can apply for the programme is six (6).
Applying for the Malta Startup Residence Programme entails the following fees:
For each adult applicant /dependant
(3-year Startup Residence Programme)
Residence card fee for each individual applicant
covering a 3-year permit,
to be paid to Identity Malta Agency
The business plan must cover the following three essential points:
For those considering expanding into new markets with the opportunity to gain residency, Malta is worth considering. The island nation has much to offer, from a business-friendly environment to a Mediterranean lifestyle. This can be achieved through the Malta Startup Residence Permit.
The Malta Startup Residence Programme is a new government initiative that offers entrepreneurs and startups the opportunity to establish their presence in Malta and the EU. Integritas is a licensed Corporate Service Provider based in Malta that can assist you in starting your enterprise in the country.
If you are interested in this programme, we will be happy to answer the questions you may have and assist you in your application and compliance.