Residency Malta and Malta Enterprise CEOs on latest residency programme aimed at attracting start-ups

During the second edition of the Start-up Festival Malta, organised by Malta Enterprise on 13th and 14th October at Villa Bighi in Kalkara, a new residency programme was announced which will offer a residence permit for international start-ups to relocate to Malta, thereby attracting high quality talent to the island while also serving global customers.

Speaking of this programme, Malta Enterprise CEO Kurt Farrugia explained that “this process will be led jointly between Residency Malta and Malta Enterprise, where start-ups will benefit from financial assistance from Malta Enterprise to qualify for residency.

“This means that these start-ups will be going through a rigorous due diligence process, just like any other company which needs assistance from Malta Enterprise,” Mr Farrugia confirmed.

Residency Malta CEO Charles Mizzi said that “with this programme, the main founders of an international start-up can apply to obtain residence in our country for three years, together with their immediate family,” adding that “the three years can be renewed by another five years, which in particular circumstances can be discontinued.”

As Mr Mizzi described, this residency programme is offering a three-year residency permit which can be extended by another five years to founders, co-founders of start-ups, and their families.  Core employees can also benefit from a three-year residency permit which can be extended by another three years. This also applies to core employees’ family members.