Economically Self Sufficient Residence Malta 馃嚥馃嚬

0POSTS

4 years ago

Hello, i am interested in moving to Malta from Pakistan.
I am getting passive income around 鈧�1100 per month in the form of bank interest and car rental.
I can also manage to transfer between 鈧�30,000 to 鈧�50,000 in a bank in Malta to show self sufficiency.
Will i be eligible for Ordinary Residence Permit in Malta (economically self Sufficient) ?

Looking forward to hearing from you soon.

Kindest Regards.

See also

How to obtain Maltese Citizenship by Investment - Guide
Health Insurance for Malta residence application - 4 Replies
Economic self sufficiency application process - 6 Replies
Tax Return as Self Sufficient Resident - 9 Replies
ECONOMIC SELF-SUFFICIENCY - Spending in Malta and original statements - 10 Replies
Non Domicilated Resident & Health Care & Self Sufficient - 15 Replies
Economic Self Sufficiency - 34 Replies

GozoMo Malta Expert

2212POSTS

4 years ago

Welcome to the Forum, why have you chosen Malta?

1 member reacted to this post

Mike Mike19 New member

5POSTS

4 years ago

Please can you explain this - I can also manage to transfer between 鈧�30,000 to 鈧�50,000 in a bank in Malta to show self sufficiency.

taqi47 Guest

0POSTS

4 years ago

Hello Mike, basically i am invested in crypto and have six figure portfolio at the moment and i can cash it out to my bank account in Malta to show self sufficiency.
I also have around 鈧�18000 in my savings account in my home country which i can move around any time..

taqi47 Guest

0POSTS

4 years ago

Malta 馃嚥馃嚬

English speaking country
Beautiful weather聽 (i have lived in Ireland for 2 years and didn't like the weather at all)
Health care facilities
Peaceful and safe country
Geographical location

Evreham Contributor

171POSTS

4 years ago

Hello and welcome to the forum.

To obtain a residence permit on the basis of economic self-sufficiency, you would need to be eligible for the Global Residence Programme, the Malta Residence and Visa Programme, Malta Retirement Programme or Acquisition of Citizenship.

Further details can be found here.

As a third country national, you may also apply for a single permit if you are employed in Malta.

Alternatively, you may apply for a Nomad Residence Permit if

a) you work for an employer that is registered in a foreign country and you have a contract of work with that employer;
b) you conduct business activity for a company that is registered in a foreign country and of which you are a partner/shareholder; or
c) you offer freelance or consulting services mostly to clients, whose permanent establishments are in a
foreign country, and with whom you have contracts.

Nomad Residence Permit applicants must reach a monthly income threshold of EUR 2,700 gross of tax, in addition to a 20% of the median wage for each family member.

Mike Mike19 New member

5POSTS

4 years ago

Would you be interested in investing in a Recruitment Agency here in Malta

taqi47 Guest

0POSTS

4 years ago

Evreham thanks for your comment..聽 I have read online that non-EU national can also apply for self Sufficient Residence permit in Malta 馃嚥馃嚬

Here is the link :

I was wondering if someone has actually managed to get it.

taqi47 Guest

0POSTS

4 years ago

@Mike ... Sorry i have no idea how it works,聽聽basically i don't want to invest big amounts into anything besides cryptocurrencies..聽聽

Thats why i was looking for a more feasible option to move to Europe.
I was also looking at different options like Portugal but language is a turn off and also Portuguese embassy in Pakistan is currently not accepting d7 visa applications.
My first priority still remains Malta 馃嚥馃嚬

taqi47 Guest

0POSTS

4 years ago

#10

@evreham

The link you just shared it does say tha ECONOMIC SELF SUFFICIENCY

聽聽Third Country Nationals
The residence permit specifies the purpose of the holder鈥檚 authorization to stay in Malta, which may include the following instances:

Single Permit;
Self-employment;

Economic self-sufficiency;聽

Study and Researchers;
Family Members;
Long-term residence;
Exemption under national legislation;
Highly qualified employment;
Intra-corporate Transferees;
Refugees, Subsidiary Protection & SRA;
Other reasons.

Evreham Contributor

171POSTS

4 years ago

#11

taqi47 wrote:
@evreham

The link you just shared it does say tha ECONOMIC SELF SUFFICIENCY

聽聽Third Country Nationals
The residence permit specifies the purpose of the holder鈥檚 authorization to stay in Malta, which may include the following instances:

Single Permit;
Self-employment;

Economic self-sufficiency;聽

Study and Researchers;
Family Members;
Long-term residence;
Exemption under national legislation;
Highly qualified employment;
Intra-corporate Transferees;
Refugees, Subsidiary Protection & SRA;
Other reasons.

Yes, exactly. To apply for a permit on the basis of self sufficiency, you would need to qualify for one of the following programmes

Global Residence Programme

Malta Residence and Visa Programme

Malta Retirement Programme

Acquisition of Citizenship

The link I provided on my previous post was to the Malta Government Agency responsible for citizens鈥� identity management and the implementation of migration processes. The links listed above are also official Malta Government departments.

The website you have been referring to

may not be providing the correct up to date information I'm afraid. It lists "Malta鈥檚 self-sufficiency residency permit for passive income" with a requirement of "Proof of 鈧�50,000 in savings OR a regular income of 鈧�370 per month, for a single applicant, 鈧�436 for a couple, plus 鈧�33 for each dependent child)"

This type of permit is not one that I have heard of previously, but an income requirement of 鈧�370 per month is unrealistically low considering the legal minimum monthly wage in Malta is 鈧�784.68

Perhaps you could click the book a consultation聽 button with Digital 脡migr茅 to find out more about this programme?

F0xgl0ve Malta Expert

1976POSTS

4 years ago

#12

Evreham wrote:
taqi47 wrote:
@evreham

The link you just shared it does say tha ECONOMIC SELF SUFFICIENCY

聽聽Third Country Nationals
The residence permit specifies the purpose of the holder鈥檚 authorization to stay in Malta, which may include the following instances:

Single Permit;
Self-employment;

Economic self-sufficiency;聽

Study and Researchers;
Family Members;
Long-term residence;
Exemption under national legislation;
Highly qualified employment;
Intra-corporate Transferees;
Refugees, Subsidiary Protection & SRA;
Other reasons.

Yes, exactly. To apply for a permit on the basis of self sufficiency, you would need to qualify for one of the following programmes

Global Residence Programme

Malta Residence and Visa Programme

Malta Retirement Programme

Acquisition of Citizenship

The link I provided on my previous post was to the Malta Government Agency responsible for citizens鈥� identity management and the implementation of migration processes. The links listed above are also official Malta Government departments.

The website you have been referring to

may not be providing the correct up to date information I'm afraid. It lists "Malta鈥檚 self-sufficiency residency permit for passive income" with a requirement of "Proof of 鈧�50,000 in savings OR a regular income of 鈧�370 per month, for a single applicant, 鈧�436 for a couple, plus 鈧�33 for each dependent child)"

This type of permit is not one that I have heard of previously, but an income requirement of 鈧�370 per month is unrealistically low considering the legal minimum monthly wage in Malta is 鈧�784.68

Perhaps you could click the book a consultation聽 button with Digital 脡migr茅 to find out more about this programme?

It is possible for a TCN to obtain ordinary residency by self sufficiency on a yearly basis.

Odaat777 New member

3POSTS

4 years ago

#13

we tried to go the self sufficiency route however in the last two years things have changed drastically.

taqi47 Guest

0POSTS

4 years ago

#14

F0xgl0ve wrote:
Evreham wrote:
taqi47 wrote:
@evreham

The link you just shared it does say tha ECONOMIC SELF SUFFICIENCY

聽聽Third Country Nationals
The residence permit specifies the purpose of the holder鈥檚 authorization to stay in Malta, which may include the following instances:

Single Permit;
Self-employment;

Economic self-sufficiency;聽

Study and Researchers;
Family Members;
Long-term residence;
Exemption under national legislation;
Highly qualified employment;
Intra-corporate Transferees;
Refugees, Subsidiary Protection & SRA;
Other reasons.

Yes, exactly. To apply for a permit on the basis of self sufficiency, you would need to qualify for one of the following programmes

Global Residence Programme

Malta Residence and Visa Programme

Malta Retirement Programme

Acquisition of Citizenship

The link I provided on my previous post was to the Malta Government Agency responsible for citizens鈥� identity management and the implementation of migration processes. The links listed above are also official Malta Government departments.

The website you have been referring to

may not be providing the correct up to date information I'm afraid. It lists "Malta鈥檚 self-sufficiency residency permit for passive income" with a requirement of "Proof of 鈧�50,000 in savings OR a regular income of 鈧�370 per month, for a single applicant, 鈧�436 for a couple, plus 鈧�33 for each dependent child)"

This type of permit is not one that I have heard of previously, but an income requirement of 鈧�370 per month is unrealistically low considering the legal minimum monthly wage in Malta is 鈧�784.68

Perhaps you could click the book a consultation聽 button with Digital 脡migr茅 to find out more about this programme?

It is possible for a TCN to obtain ordinary residency by self sufficiency on a yearly basis.

Do you know any immigration expert who can help me with this?

taqi47 Guest

0POSTS

4 years ago

#15

Odaat777 wrote:
we tried to go the self sufficiency route however in the last two years things have changed drastically.

Hey Odaat777, are you an European national or Non-EU? Did you manage to get residence by self sufficiency route?
聽 Do you mind sharing any immigration expert who can help me with this?
聽聽
Any help would be highly appreciated from all of you guys 馃檹

taqi47 Guest

0POSTS

4 years ago

#16

Evreham wrote:
taqi47 wrote:
@evreham

The link you just shared it does say tha ECONOMIC SELF SUFFICIENCY

聽聽Third Country Nationals
The residence permit specifies the purpose of the holder鈥檚 authorization to stay in Malta, which may include the following instances:

Single Permit;
Self-employment;

Economic self-sufficiency;聽

Study and Researchers;
Family Members;
Long-term residence;
Exemption under national legislation;
Highly qualified employment;
Intra-corporate Transferees;
Refugees, Subsidiary Protection & SRA;
Other reasons.

Yes, exactly. To apply for a permit on the basis of self sufficiency, you would need to qualify for one of the following programmes

Global Residence Programme

Malta Residence and Visa Programme

Malta Retirement Programme

Acquisition of Citizenship

The link I provided on my previous post was to the Malta Government Agency responsible for citizens鈥� identity management and the implementation of migration processes. The links listed above are also official Malta Government departments.

The website you have been referring to

may not be providing the correct up to date information I'm afraid. It lists "Malta鈥檚 self-sufficiency residency permit for passive income" with a requirement of "Proof of 鈧�50,000 in savings OR a regular income of 鈧�370 per month, for a single applicant, 鈧�436 for a couple, plus 鈧�33 for each dependent child)"

This type of permit is not one that I have heard of previously, but an income requirement of 鈧�370 per month is unrealistically low considering the legal minimum monthly wage in Malta is 鈧�784.68

Perhaps you could click the book a consultation聽 button with Digital 脡migr茅 to find out more about this programme?

Yes i have just sent them an email... Hoping for the best 馃

GozoMo Malta Expert

2212POSTS

4 years ago

#17

taqi47 wrote:
Odaat777 wrote:
we tried to go the self sufficiency route however in the last two years things have changed drastically.

Hey Odaat777, are you an European national or Non-EU? Did you manage to get residence by self sufficiency route?
聽 Do you mind sharing any immigration expert who can help me with this?
聽聽
Any help would be highly appreciated from all of you guys 馃檹

In his introduction he states he is welsh so a non EU resident.

GozoMo Malta Expert

2212POSTS

4 years ago

#18

Odaat777 wrote:
we tried to go the self sufficiency route however in the last two years things have changed drastically.

It's changed more since the beginning of this year with BREXIT.

Odaat777 New member

3POSTS

4 years ago

#19

Thanks Gozomo ,I love your name. I am a Welsh/Canadian and female.
聽聽聽 Just wanted to clarify.de

1 member reacted to this post

GozoMo Malta Expert

2212POSTS

4 years ago

#20

Sorry, I don't know why I assumed you were male!!!

taqi47 Guest

0POSTS

4 years ago

#21

I just got this reply from Identity Malta with an application CEA Form K which needs to be filled by Non-EU national to apply for TRP.聽
So two options are:
Malta Residence and Visa Programme
Global Residency

Dear Sir/Madam,

Attached kindly find the required checklist for a TRP based on Economically Self Sufficient聽 purposes. Documents should be filled, scanned and sent to noneu.ima@gov.mt . Documents should be sent in PDF format and in one email. Subject should include Name, surname and application purpose.

Regards