Startups are affluential to generate new economy and contribute to the growth of a country, and Malta has recognised this opportunity as in the most recent years it has unrolled to various innovative startups and attracted FDI with the aim to create new opportunities for everyone and generate to the country’s GDP. Foreigners view Malta as a good jurisdiction to kick start a new business, thanks to great business ethics, stability, English speaking and access to the European Union market.
The newly launched Malta Startup Residency Programme is another step by the Government that shows its openness to foreign startups that want to build their presence in Malta. The Malta Startup Residence Programme grants a 3-year residence permit, extendable for an additional 5 years (once Malta Enterprise and Residency Malta confirm that the startup is still ongoing and still meets the eligibility criteria), to the founders and/or co-founders, core employees and immediate family members, and is intended for non-EU nationals. It’s important to note that beneficiaries of this programme need to have a tangible presence in Malta by living and paying taxes locally.
The eligibility criteria, amongst others include concrete intention to develop and/or expand business in Malta, a solid business plan, to live and pay taxes in Malta, to have sufficient financial resourced to support themselves and other dependants, to have no criminal records or pending criminal charges, and to have health insurance covering risks in Malta. The incorporated startup in Malta is required to place a tangible investment and/or pay up a share capital of not less than €25,000.
The startup activities to be eligible for the Malta Startup Residency Programme are:
- Manufacturing
- software development
- Industrial services analogous to manufacturing
- Health, biotechnology, pharmaceuticals and life sciences
- Eco startups involved in the blue, green and sustainable industries
- Other innovative economic activities which are enabled through knowledge and
- Technology providing services or products which are currently not readily available in the relevant market or which shall be provided through a process which is novel.
Also, eligible business projects must meet at least two of the following criteria:
- Propose products and/or services that have the potential to generate income from various geographical markets
- Produce products and/or services which are new, innovative or substantially improved compared to complementary products on the market
- Utilise process which are new or substantially improved compared to those adopted in current complementary activities.
If you would like more info on the eligibility criteria and quote to apply for such a programme, please email us on [email protected]. Our business administration team and lawyers will be able to assist you in guide in every step from the business plan to application stages and in obtaining the necessary residency permits once approval is given.
本文仅供参考，不应被视为法律建议。.
查琳·西贝拉斯（Charlene Sciberras）女士，文学士（荣誉），特约撰稿人，是一位营销和工商管理专家，尤其专注于公司、会计和法律事务。.
Sciberras Advocates 由 Adrian Sciberras 博士创立，是一家总部位于马耳他的律师事务所。该事务所以其多学科、创新和灵活的特点而自豪，能够应对不断变化的时代以及本地和国际法律环境中的任何挑战。无论面临何种复杂私人或公司需求，Sciberras Advocates 都能提供切合实际且具有成本效益的法律解决方案，以实现您期望的结果。您可以通过电话联系 Sciberras Advocates： +35627795222或通过电子邮件发送至 [email protected].
