Following the Spring Festival 2018 MRVP Official Policy and Development
Seminar in Shanghai, China, attended by the Parliamentary Secretary
for Reforms, Citizenship and Simplification of Administrative Processes
Julia Farrugia Portelli, some 50 families have applied through the Malta
Residency and Visa Programme (MRVP) to acquire residency rights by investment.
The MRVP is Malta’s residency by investment programme whereby the main
applicant must have an annual income of not less than €100,000, and must also
acquire or rent a property besides investing €250,000 in Government
stock.
Since the programme’s launch 2 years ago, there have been 140 successful
applications, 80% of which were from China.
The seminar, which was organised by Shanghai Overseas Exit Entry–the
programme’s official concessionaire in China, Hong Kong and Makau–attracted
more than 200 investors and Malta was portrayed as the ideal resettlement and
investment destination.
During her address, Parliamentary Secretary Julia Farrugia Portelli
applauded the excellent relations between the People’s Republic of China and
Malta, which date back to 1972, and maintained that the Maltese Government
intends to further solidify said amicable relations.
The Parliamentary Secretary held that Malta is not just the optimal
resettlement solution, but is also a safe and trustworthy investment haven, a
magnet for innovative projects.
Prior to her address, Julia Farrugia Portelli visited the concessionaire’s
office, which employs more than 200 persons.
CEO of Shanghai Overseas Exit Entry Kevin Mao claimed that €6 million were
spent over the past 24 months to promote Malta, adding that all efforts are
being channelled to attract high-end investors to the country.
CEO of Malta Residency and Visa Agency Rodrick Cutajar acknowledged the
concessionaire’s sterling job in providing error-free applications, with the
vast majority satisfying international due-diligence requisites.
Malta’s Ambassador to the People’s Republic of China John Aquilina and the
Consulate General for Shanghai Aldo Cutajar were both present.
