Malta permanent residence: is it possible to get a loan to participate in the investment program?
We love our home country but wanted more comfort for us and our child. That’s why we decided to move to another place with better environmental conditions and a peaceful atmosphere. In the end, we knew we could always return to Egypt or visit it as often as we wanted.
We looked through various investment programs but couldn’t find anything suitable.
Then, Immigrant Invest agents suggested we consider Malta permanent residency, which ended up being the best option possible.
Omar, 35
Co-owner of a catering company in Egypt
Clients’ names and photos have been changed
This case was provided by our expert
Investment programs expert
Malta permanent residence: is it possible to get a loan to participate in the investment program?
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Switching to obtaining Malta permanent residence
The investors declined all citizenship by investment programs, so we offered them permanent residency in Malta instead. This status gives virtually the same rights as citizenship of Malta, including being granted once and for life.
Omar and Nur took time to think about our suggestion and eventually decided it was their best option. So, we started to prepare for the application process.
In 2018, to obtain permanent residence in Malta, it was required to:
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invest €250,000 in securities for 5 years;
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pay a one-time non-refundable administrative fee of €30,000;
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buy real estate in Malta for €270,000—320,000 and keep it for or rent a residential property for an amount of €10,000—12,000 per year for 5 years;
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prove an annual income of €100,000 or show the availability of at least €500,000 in a bank account.
Omar and Nur have spent approximately €700,000. The process of acquiring residence permit cards took 10 months.
December 5th, 2017
Passing preliminary Due Diligence
Investors provided us with passports, and we conducted a preliminary check within one working day. Then, we signed a Services Agreement.
Investors provided us with passports, and we conducted a preliminary check within one working day. Then, we signed a Services Agreement.
+1 month
Collecting of documents, €3,750
Our lawyers provided Omar and Nur with a list of documents required for the application. It included the following:
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Omar and Nur’s passports;
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birth certificates of all family members;
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a marriage certificate;
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documents proving clean criminal records and the absence of tax arrears for both Omar and Nur.
Omar, as the main applicant, also provided the following:
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a bank statement — the document proved the investor had €500,000 in his bank account;
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welfare history;
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a full list of assets;
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a full list of affiliated companies.
Immigrant Invest lawyers notarized and apostilled copies of documents and arranged translations with a licensed Maltese translator. In general, investors paid €3,750 for all these services.
Our lawyers provided Omar and Nur with a list of documents required for the application. It included the following:
-
Omar and Nur’s passports;
-
birth certificates of all family members;
-
a marriage certificate;
-
documents proving clean criminal records and the absence of tax arrears for both Omar and Nur.
Omar, as the main applicant, also provided the following:
-
a bank statement — the document proved the investor had €500,000 in his bank account;
-
welfare history;
-
a full list of assets;
-
a full list of affiliated companies.
Immigrant Invest lawyers notarized and apostilled copies of documents and arranged translations with a licensed Maltese translator. In general, investors paid €3,750 for all these services.
+1 week
Filling out application forms and applying, €5,500
Lawyers filled out all the required forms and applied to the Residency Malta Agency on behalf of Omar. He paid a part of an administrative fee of €5,500 for processing his application.
Lawyers filled out all the required forms and applied to the Residency Malta Agency on behalf of Omar. He paid a part of an administrative fee of €5,500 for processing his application.
+7 months
Passing main Due Diligence
The Residency Malta Agency was considering Omar’s application for 7 months and preliminarily approved it. To get final approval, he was required to make all the investments.
The Residency Malta Agency was considering Omar’s application for 7 months and preliminarily approved it. To get final approval, he was required to make all the investments.
+1 month
Fulfilling investment requirements, €696,000
Omar and Nur decided to buy housing instead of renting one.
Immigrant Invest real estate agents offered several property options in different parts of Malta. Eventually, the couple chose a lovely townhouse for €420,000 in Sliema, a town on the northeast coast of Malta.
Besides, the couple bought government bonds for €250,000 and paid the rest of the administrative fee — €24,500.
They also took out insurance that cost €1,500 for all three of them.
Omar and Nur decided to buy housing instead of renting one.
Immigrant Invest real estate agents offered several property options in different parts of Malta. Eventually, the couple chose a lovely townhouse for €420,000 in Sliema, a town on the northeast coast of Malta.
Besides, the couple bought government bonds for €250,000 and paid the rest of the administrative fee — €24,500.
They also took out insurance that cost €1,500 for all three of them.
+2 week
Applying for biometrics
Before submitting biometrics, Omar was required to gather additional documents:
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SWIFT proving payment of an administrative fee;
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a document confirming the repurchase of securities;
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a purchase and sale agreement;
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a conclusion from the architect;
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health insurances.
Immigrant Invest notarized, apostilled and translated the documents again.
Before submitting biometrics, Omar was required to gather additional documents:
-
SWIFT proving payment of an administrative fee;
-
a document confirming the repurchase of securities;
-
a purchase and sale agreement;
-
a conclusion from the architect;
-
health insurances.
Immigrant Invest notarized, apostilled and translated the documents again.
+3 weeks
Submitting biometrics
Omar, Nur and their son travelled to Malta and submitted biometrics to the Residency Malta Agency.
Omar, Nur and their son travelled to Malta and submitted biometrics to the Residency Malta Agency.
+2 weeks
Final approval
After the family submitted fingerprints, Immigrant Invest lawyers sent documents to the Residency Malta Agency proving that Omar and his family met all the program terms.
In 2 weeks, Omar was granted final approval.
After the family submitted fingerprints, Immigrant Invest lawyers sent documents to the Residency Malta Agency proving that Omar and his family met all the program terms.
In 2 weeks, Omar was granted final approval.
October 24th, 2018
Collection of permanent residence cards
Finally, Omar, Nur and their son received their Permanent Residence cards and Residency Certificate by courier.
Finally, Omar, Nur and their son received their Permanent Residence cards and Residency Certificate by courier.
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