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residency card is issued once all the investment criteria is met . The card is valid for five years and renewable thereafter .
7 . ANNUAL COMPLIANCE
On a yearly basis , for the first five years , the applicant is required to show on-going proof of the property rental and health insurance . Such compliance will be submitted by the Licensed Agent on behalf of the applicant .
Once permanent residence in Malta is granted , holders may benefit from visa-free movement in the Schengen zone for 90 days out of 180 days . Members of the Schengen include 26 countries : Austria , Belgium , the Czech Republic , Denmark , Estonia , Finland , France , Germany , Greece , Hungary , Iceland , Italy , Latvia , Liechtenstein , Lithuania , Luxembourg , Malta , the Netherlands , Norway , Poland , Portugal , Slovakia , Slovenia , Spain , Sweden and Switzerland .
Malta became a full member of the European Union in 2004 . English is one of the two official languages in Malta , widely spoken within education . In addition , Malta residents benefit from a high quality of life , state-of-the-art healthcare , a low crime rate and a mild European climate .
The issuance of a permanent residence certificate is set out in S . L . 217.26 and falls under the Immigration Act . The new laws for the Malta Permanent Residence Programme came into effect at the beginning of April 2021 .
KENNETH CAMILLERI
Kenneth Camilleri is the Managing Director and co-founder of Vertex Alliance . By profession , Camilleri is a qualified and warranted accountant and tax advisor , and his expertise lies in residency and citizenship , international taxation , and wealth structuring . Previously , Kenneth held the position of Senior Director at an international law firm for 15 years , whereby he led both the Tax Advisory and Tax Compliance Departments as well as the Residency and Citizenship team responsible for the Asian market . Over the years , Camilleri has spoken at more than eighty conferences and roadshows primarily in Asia but also across Europe . He has supported numerous clients with acquiring European residence and / or citizenship .