Recent changes to the Malta Residency and Visa Program (MRVP) regulations have made the existing application process easier and more streamline. By virtue of Legal Notice 189 0f 2017, effective from 4th July 2017, the future of foreign movement within the EU has never looked brighter.
Based on feedback received from international immigration agents and their clients, these amended regulations aim to simplify and improve the MRVP by making it even more competitive and attractive to foreign applicants and their eligible dependents to obtain and retain their residence and visa permits in Malta.
The main amendments introduced by the 2017 regulations can be summarised as following;
- The age limit that was previously set at 27 years for applicants wanting to include an economically dependent child over the age of 18 has now been removed and any qualifying adult dependent of the main applicant or spouse is now valid.
- In addition to the above, the adult dependent now has the right to marry and for their spouse to be included on the Main Beneficiary Certificate (subject to terms and conditions, and administration charges)
- Removal of the requirement for the main applicant and his/her dependants to spend outside of Malta a period that exceeds either 6 consecutive months or an aggregate period of 10 months in any five-year period from the appointed day.
- Subject to an additional contribution of €5,000 per person, parents or grandparents of the main applicant and/or the spouse can now be included as dependants at application stage.
- The contribution of the main applicant has remained unchanged at €30,000, which also covers the spouse and children.
Written by Marta Bellamoli, Marketing Co-ordinator