The Malta Residence and Visa Programme (MRVP) was launched in 2015, under the Immigration Act (cap.217). The legal basis regulating the MRVP is written in the Malta Residence and Visa Programme Regulations of 2015.
The programme grants approved applicants a Maltese Residence Permit, allowing the individuals the right to reside in Malta and to travel freely within the Schengen area. MRVP applicants can also benefit from a favourable flat-tax regime on their foreign income.
Applicants are required to buy or rent a property in Malta, with the minimum amount requirement lower in the South of Malta and the island of Gozo.