The Start-up Residency Programme is for Non-EU nationals who wish to set up highly innovative, highly disruptive startups.
It is targeting innovative ventures that have not been established for more than 7 years globally.
This Programme is designed to increase Malta’s competitiveness in the field of highly innovative startups. Beneficiaries of this programme shall be granted a 3-year residence permit, extendable for an additional 5 years, for the founders, co-founders and their families, allowing them to legally reside in Malta while launching their startup venture. Beneficiaries may also travel within the Schengen Area without the need of a visa as long as the residence permit is valid.
a

Eligibility Criteria

  • The incorporated Startup in Malta is required to place a tangible investment and/or paid-up share capital of not less than €25,000 and an additional €10,000  per co- founder. The maximum number of co-founders is 6
  • The individual must have a concrete intention to develop and/or expand their business in Malta
  • The individual must to a founder or co-founder of the business start-up and the start-up must not have been established for more than 7 years and must fulfil the following;
  • it has not taken over the activity of another enterprise,
  • it has not yet distributed profit,
  • it has not been formed through a merger.
  • The founder and/or co-founders benefitting from this programme need to have a physical and tangible presence in Malta not only from a business point of view but also in terms of living in Malta. Thus, those benefitting need to be living and paying their taxes in Malta
  • Must be Non-EU national
  • Purchase or rent property in Malta
  • Must be 18 years and older;
  • Have recognised health insurance covering risks in Malta for himself/herself and dependants( This is much cheaper than in SA )
  • Be in possession of sufficient financial resources to support himself and any other dependents;
  • Have no criminal record or pending criminal charges.
  • Must not have previously had an application for residence status or citizenship rejected in Malta or abroad

Benefits

 
Longterm business and personal residency stability
Instant access to the EU single market with the possibility to tap growing markets in the Middle East and Africa
Access to EU funding
Access to dedicated grants and non-diluted assistance for start-ups
Very competitive tax regime- corporate and personal
Residence in one of the safest countries, with world class healthcare, education and a Great climate and lifestyle
Easy communication in a country that counts English as an official language where 1 in 4 of the working population is an expat
Excellent internet connectivity
Contact me should you be interested in the Start-up residency Programme.
http://www.maltainvest.co.za/contact-me/