Residence and citizenship

Changes to MRVP Regulations

Changes to the Malta Residence and Visa Programme Regulations have been published to align requirements and eligibilities to the newly launched Malta Permanent Residence Programme (MPRP).

 

Summary of changes

The following are a summary of the changes that have come into effect:

  1. a fee of €5,000 for the addition of a spouse after a residency certificate has been issued;
  2. the possibility of passing down a residency certificate in the event that a beneficiary passes away;
  3. health insurance is no longer needed across the EU but the policy is now only required to cover all-risks in Malta (Appendix 1);
  4. the qualifying criteria of having either an annual income of not less than €100,000 arising outside Malta or being in possession a capital of not less than €500,000 now needs to be held from the day of application until the lapse of 5 years from the date of issuing the certificate;
  5. monitoring of compliance will now be conducted annually for the first 5 years, and thereafter when deemed appropriate by the Agency; and
  6. a number of deadlines have been set for payments.

The amendments also provide the option to change from qualifying investment of €250,000 to making a direct contribution to the Government instead. The contribution amounts to €68,000 if applicants choose to lease a qualifying property or €38,000 if they opt to purchase a qualifying property. This contribution is in addition to the €30,000 contribution originally stipulated.

 

Timeframes of settlement of such contributions have been set out accordingly as seen below:

Letter of Approval in Principle issues before the 26th March 2021 (1) Settle the additional contribution by the 31st of December 2021; or
(2) Make an investment of €250,000 in bonds, stocks and equities and provide the certificate of such qualifying investment by the 31st of December 2021.
Letter of Approval in Principle issues after the 29th of March 2021 Applications are required to be concluded within nine (9) months from the date of issue of the Letter of Approval in Principle

 

Additionally, applicants opting for such direct contribution are required to make a €2,000 donation to a registered NGO.

 

MRVP Compliant Health Insurance Policy

Table of Minimum Benefits

 

Overall Annual Policy Limit - €30,000

IN PATIENT AND DAY CASES  
Hospital accommodation, nursing, drugs and dressings FULL REFUND
Operating theatre fees, drugs and dressings FULL REFUND
Eligible prostheses & appliances, drugs and dressings used for in- patient or day-patient treatment FULL REFUND
Surgeon and Anaesthetist charges FULL REFUND
Physician charges for inpatient and day- patient treatment FULL REFUND
Parent accommodation staying with child under 14 years of age FULL REFUND
Specialist consultation fees, including pathology, radiology, diagnostic
procedures and physiotherapy
FULL REFUND
Psychiatric related charges for in-patient or day-patient treatment FULL REFUND
Pregnancy and childbirth complications for treatment received as In- patient and day-patient FULL REFUND
MRI, CT and PET scans FULL REFUND
CANCER TREATMENT  
Radiotherapy, chemotherapy and oncology related drugs, consultant fees and tests FULL REFUND
Specialist consultations, pathology, radiology, diagnostic procedures
and physiotherapy
FULL REFUND
MRI, CT and PET scans FULL REFUND
OUTPATIENT  
Specialist consultations, pathology, radiology, diagnostic procedures and
physiotherapy
€750
MRI, CT and PET scans €1,000
Family doctor €125
Nursing at home €300 weekly for up to 26 weeks
Prescribed drugs and dressings €125
OTHER BENEFITS  
Emergency road ambulance €300