70 UGLOBAL IMMIGRATION MAGAZINE
GETTING STARTED WITH MALTA ' S NEW STARTUP RESIDENCE PROGRAMME
BY KENNETH CAMILLERI
The startup residence program opens the door for entrepreneurs to launch their business in the EU Marketplace and offers long-term residency stability .
The Malta Startup Residence Programme ( MSRP ) is part of the country ’ s government initiative “ Start in Malta ” and operates in collaboration with Malta Enterprise and the Residency Malta Agency .
The MSRP is a residency by investment ( RBI ) program that aims to attract foreign nationals by offering a renewable three-year residency permit in exchange for innovative business investments .
This program is ideal for entrepreneurs who wish to launch and scale-up an innovative business in an English-speaking jurisdiction .
KEY APPLICATION CRITERIA OF MALTA ’ S STARTUP RESIDENCE PROGRAMME
Applications will be reviewed according to three aspects :
• Business plan
• Degree of innovation
• Business viability