The Residence Programme Rules – 2021

The new Residence Programme Rules, have recently been published in Malta and have come into force. Read this article, if you are not already familiar with it.

In order for a beneficiary to be registered in terms of the Rules, such person would be required:

  1. to hold a qualifying owned property, which in terms of the Rules may refer either to the purchase of an immovable property at a consideration of not less than Euro 350,000 for a property situated in Malta; albeit if the property is situated in the south of Malta or in Gozo, the amount is reduced to Euro 300,000. Alternatively, a qualifying rented property may refer to a property taken on at lease which is not less than Euro 12,000 per annum for a property situated in Malta or Euro 10,000 per annum for a property situated in the south of Malta or in Gozo.
  2. To be in receipt of stable and regular resources, which are sufficient to maintain himself and any person dependant on him.
  3. To be in possession of a valid travel document;
  4. To be in possession of a sickness insurance covering risks all over the European Union, both for himself and for any person dependant on him.
  5. Be fluent in one of the official languages of Malta and
  6. Be fit and proper person.