1. What is the Malta Startup Residence Programme?

The Malta Startup Residence Programme is a government initiative aimed at attracting non-EU/EEA/Swiss entrepreneurs to establish their innovative startup businesses in Malta. Through this programme, eligible entrepreneurs can benefit from a special residence permit designed to facilitate the setup and operation of their startups in Malta. The programme offers a range of benefits, including access to the European Union market, a favorable tax environment, networking opportunities, and support services from local authorities. Overall, the Malta Startup Residence Programme aims to promote entrepreneurship, innovation, and economic growth in Malta by providing a supportive environment for startup founders to develop and grow their businesses.

2. Who is eligible to apply for the Malta Startup Residence Programme?

The Malta Startup Residence Programme is designed to attract non-EU/EEA entrepreneurs and investors to establish their innovative startups in Malta. To be eligible to apply for this programme, applicants must meet certain criteria which include:

1. Innovation: The startup business should be innovative and have the potential for high growth and scalability.

2. Ownership: The applicant must hold at least 51% of the shares in the startup.

3. Revenue: The startup should have a turnover of at least €40,000 in the 12 months preceding the application.

4. Funding: The startup should have received funding of at least €40,000 from a recognized funding entity.

5. Residence: The applicant must reside in Malta and be actively involved in the startup business.

By fulfilling these requirements, eligible applicants can apply for the Malta Startup Residence Programme and benefit from the opportunities and incentives offered by Malta’s startup ecosystem.

3. What are the benefits of the Malta Startup Residence Programme?

The Malta Startup Residence Programme offers several benefits to entrepreneurs looking to establish their startup in Malta:

1. Visa for Non-EU Entrepreneurs: One of the key benefits of the programme is that it provides non-EU entrepreneurs with a visa to reside in Malta while developing their startup.

2. Access to the EU Market: Malta’s membership in the European Union provides startups with access to the EU market, allowing for easier expansion and growth opportunities.

3. Network and Support: Participants in the programme have the opportunity to connect with other startups, investors, and potential partners within Malta’s vibrant startup ecosystem. Additionally, they can access support services and resources to help them navigate the local business environment.

4. Tax Incentives: Malta offers attractive tax incentives for startups, including a flat tax rate of 15% on income generated in Malta and access to double taxation treaties.

5. Quality of Life: Malta is known for its high quality of life, with a Mediterranean climate, beautiful scenery, and a welcoming local culture, making it an attractive location for entrepreneurs to live and work.

Overall, the Malta Startup Residence Programme provides a conducive environment for startups to grow and succeed, offering a range of benefits that can help entrepreneurs achieve their business goals.

4. How long does the Malta Startup Residence Programme allow you to stay in Malta?

The Malta Startup Residence Programme allows successful applicants to stay in Malta for a period of one year initially. This period can be extended for an additional year upon meeting certain criteria and requirements set by the programme. However, it is important to note that the Malta Startup Residence Programme is designed to attract foreign entrepreneurs and startups to establish their businesses in Malta, so the residency permission is tied to the success and growth of the startup within the country. Extending beyond the initial two-year period will depend on the ongoing success and development of the startup within the Maltese ecosystem.

5. What is the application process for the Malta Startup Residence Programme?

To apply for the Malta Startup Residence Programme, applicants must follow a specific process:

1. Eligibility Check: The first step is to ensure that the applicant meets the eligibility criteria set by the programme. This includes having a qualifying innovative or high-potential startup, a viable business plan, and the financial means to support themselves in Malta.

2. Online Application: The applicant needs to complete and submit an online application form through the Malta Enterprise website. This form requires details about the startup, the applicant’s background, and the proposed business activities in Malta.

3. Documentation Submission: Along with the application form, the applicant must provide supporting documents such as a business plan, proof of financial stability, CVs of the startup team members, and any other relevant information requested by the authorities.

4. Evaluation and Approval: The application will be evaluated by a panel of experts to assess the startup’s innovative potential and its contribution to the Maltese economy. If the application meets the criteria, the applicant will receive approval to proceed to the next steps.

5. Residence Permit Application: Once the startup is approved, the applicant can apply for a residence permit through Identity Malta. This involves submitting biometric data, undergoing health checks, and providing proof of accommodation in Malta.

Overall, the application process for the Malta Startup Residence Programme involves ensuring eligibility, submitting an online application, providing necessary documentation, undergoing evaluation, and applying for a residence permit upon approval.

6. Are there any specific requirements or criteria for startup companies applying to the programme?

Yes, there are specific requirements and criteria for startup companies applying to the Malta Startup Residence Programme. Some of the key requirements include:

1. Innovation: The startup must be engaged in an innovative and high-value business activity.
2. Scalability: The business idea should have the potential for rapid growth and scalability.
3. Establishment in Malta: The company must be registered and physically established in Malta, with a business plan outlining its operations in the country.
4. Job creation: The startup should demonstrate the potential to create employment opportunities in Malta.
5. Financial viability: The company needs to show that it has the financial means to operate and sustain its activities in Malta.
6. Good standing: The founders and directors of the startup should have a clean criminal record and be of good standing in their professional and financial matters.

Meeting these criteria is essential for startup companies to be eligible for the Malta Startup Residence Programme, which offers various benefits and support to help them thrive and grow in the Maltese market.

7. What types of startups are most likely to be successful in obtaining residence through the programme?

Startups that are most likely to be successful in obtaining residence through the Malta Startup Residence Programme are those that demonstrate a high potential for growth and innovation. Here are some key characteristics that can increase a startup’s chances of success in obtaining residency through the programme:

1. Innovative Technology: Startups that are developing cutting-edge technology or leveraging advancements in AI, blockchain, fintech, or other disruptive technologies are more likely to attract the attention of the evaluators.

2. Scalable Business Model: A startup with a scalable business model that can grow rapidly and generate significant revenue is more likely to be seen as a viable candidate for residency.

3. Strong Team: Having a talented and experienced team with a proven track record can enhance the credibility of the startup and increase its chances of success in the application process.

4. Market Potential: Startups that target a large and growing market with a unique value proposition are more likely to be viewed favorably by the evaluators.

5. Financial Viability: Demonstrating a clear path to profitability and sustainable growth is essential for obtaining residence through the programme.

6. Social Impact: Startups that address social or environmental challenges and have a positive impact on society may also have an advantage in the application process.

7. Compliance and Transparency: Ensuring compliance with all relevant regulations and maintaining transparency in operations can enhance the credibility of the startup and improve its chances of success in obtaining residency through the programme.

8. Can founders of non-Maltese startups apply for the Malta Startup Residence Programme?

Yes, founders of non-Maltese startups can apply for the Malta Startup Residence Programme. The programme is open to non-EU/EEA/Swiss nationals who have a startup or plan to establish one in Malta. To be eligible, founders need to demonstrate that their startup has innovative potential, scalability, and a strong business model. Additionally, they must meet specific criteria related to investment in their business, job creation, and presence in Malta. Founders applying to the programme should also have a clean criminal record and provide all the necessary documentation to support their application. Successful applicants are granted a residence permit allowing them to reside and work in Malta for a period of one year, with the possibility of renewal for an additional two years.

9. Are there any restrictions on the types of businesses that can participate in the programme?

Yes, there are certain restrictions on the types of businesses that can participate in the Malta Startup Residence Programme. Here are some key points to consider:

1. The programme is designed for innovative startups, so businesses must be engaged in sectors such as technology, digital innovation, fintech, gaming, life sciences, education, or other similar industries that demonstrate high growth potential.

2. Businesses involved in traditional sectors such as real estate, construction, or retail may not be eligible for the programme.

3. Additionally, businesses must show a clear business plan, potential for scalability, and the intention to establish a presence in Malta.

4. It’s essential for companies applying to demonstrate how they will contribute to the Maltese economy and create jobs for locals.

Overall, the Malta Startup Residence Programme is intended to attract and support high-potential startups that can bring innovation and economic growth to the country.

10. How does the Malta Startup Residence Programme support startups once they are approved?

Once a startup is approved for the Malta Startup Residence Programme, they are provided with various forms of support to help them establish and grow their business effectively. Some key ways in which the programme supports startups include:

1. Residency Permit: Approved startups receive a Malta residency permit, allowing founders and key employees to live and work in Malta.

2. Tax Benefits: Startups benefit from an attractive tax framework, with low corporate tax rates and double taxation treaties with around 70 countries.

3. Networking Opportunities: The programme provides startups with access to a vibrant ecosystem of fellow entrepreneurs, investors, mentors, and industry experts, facilitating networking and collaboration opportunities.

4. Mentorship and Guidance: Startups receive mentorship and guidance from experts in various fields, helping them navigate challenges and accelerate their growth.

5. Access to Funding: The programme helps startups connect with potential investors, venture capital firms, and other sources of funding to support their growth and expansion plans.

6. Infrastructure Support: Startups may receive support in securing office space, access to coworking facilities, and other essential infrastructure to establish and operate their business effectively.

7. Training and Workshops: The programme often offers training sessions, workshops, and seminars on various aspects of entrepreneurship, providing startups with valuable knowledge and skills to succeed.

8. Market Access: Startups may receive support in accessing local and international markets, expanding their reach and customer base.

Overall, the Malta Startup Residence Programme offers a comprehensive support system to approved startups, enabling them to thrive and succeed in a conducive business environment.

11. Are there any fees associated with the Malta Startup Residence Programme?

Yes, there are fees associated with the Malta Startup Residence Programme. Here are some of the potential costs that applicants may encounter:

1. Application Fee: There is an initial application fee that must be paid when submitting an application to the programme.

2. Residence Card Fee: Successful applicants will need to pay a fee to obtain their Malta Startup Residence Programme residence card.

3. Annual Fee: There is an annual fee that must be paid to maintain participation in the programme.

4. Legal and Administrative Costs: Applicants may also need to cover legal and administrative costs associated with setting up their business entity in Malta.

It’s essential for individuals interested in the Malta Startup Residence Programme to carefully review all fee structures and requirements before applying to ensure they are prepared for the financial commitments involved.

12. Can family members of successful applicants also benefit from the programme?

Yes, family members of successful applicants can also benefit from the Malta Startup Residence Programme. This includes the spouse, children, and any dependents of the main applicant. Family members are granted the same residency rights as the main applicant and are eligible to reside in Malta for the duration of the programme. This allows them to enjoy the benefits of living in Malta, such as access to healthcare, education, and other amenities. Additionally, family members can also apply for work permits or start their own businesses in Malta if they wish to do so, further enhancing their opportunities within the country.

13. What is the difference between the Malta Startup Residence Programme and other residency or citizenship programmes in Malta?

The Malta Startup Residence Programme is specifically tailored for non-EU entrepreneurs and startup founders who wish to establish their innovative businesses in Malta. One key difference between the Malta Startup Residence Programme and other residency or citizenship programmes in Malta is its focus on attracting individuals with entrepreneurial drive. Here are some key distinctions:
1. Entrepreneurial Focus: The Malta Startup Residence Programme targets individuals looking to start or relocate their startup ventures to Malta, whereas other programmes may cater to individuals seeking residency for retirement or investment purposes.
2. Startup Requirement: Applicants of the Malta Startup Residence Programme are required to present a detailed business proposal, demonstrating the innovative nature of their startup and its potential contribution to the Maltese economy. This is not a requirement in other general residency programmes.
3. Support for Startups: Participants in the Malta Startup Residence Programme receive support from entities such as Malta Enterprise and the Malta Chamber of Commerce, providing valuable resources and networking opportunities to help their startups succeed.
4. Residency Rights: Successful applicants of the Malta Startup Residence Programme are granted a residence permit, allowing them to reside in Malta for a specified period with the possibility of renewal. In contrast, other programmes may offer citizenship or permanent residency options.
5. Focus on Innovation: The Malta Startup Residence Programme places a strong emphasis on attracting individuals involved in innovative and technology-driven sectors, aligning with Malta’s goal of becoming a hub for tech startups and digital innovation.

Overall, the Malta Startup Residence Programme stands out for its specific focus on supporting and attracting entrepreneurs and startup founders, offering tailored benefits and opportunities to help them establish and grow their businesses in Malta.

14. Is there a limit to the number of startups that can be accepted into the programme each year?

Yes, there is a limit to the number of startups that can be accepted into the Malta Startup Residence Programme each year. The programme has a cap on the number of approved applicants to maintain its effectiveness and ensure that the startups selected receive adequate support and resources. This limit helps the programme maintain high-quality standards and provide personalized assistance to each participating startup. While the exact number of startups accepted may vary from year to year based on available resources and the overall capacity of the programme, the cap is in place to ensure a manageable and beneficial experience for all participants.

15. How does the Maltese government benefit from the Malta Startup Residence Programme?

The Maltese government benefits from the Malta Startup Residence Programme in several ways:

1. Economic Growth: By attracting innovative startup founders and entrepreneurs from around the world, the programme contributes to the growth of Malta’s economy. These startups bring new ideas, technologies, and investment into the country, creating job opportunities and fostering economic development.

2. Increased Tax Revenue: Through the programme, the Maltese government can increase its tax revenue through corporate taxes, personal income taxes, and indirect taxes generated by the activities of the startups and their employees.

3. Promoting Innovation: The programme helps to promote innovation and entrepreneurship within Malta by creating a supportive environment for startups to thrive. This can lead to the development of new technologies, products, and services that can benefit society as a whole.

4. Strengthening Malta’s Reputation: By establishing itself as a welcoming and supportive hub for startups, Malta can enhance its reputation as a business-friendly destination. This can attract more foreign investment and talent to the country, further bolstering its economy.

Overall, the Malta Startup Residence Programme is a strategic initiative that brings numerous benefits to the Maltese government, helping to drive economic growth, foster innovation, and enhance the country’s global standing in the startup ecosystem.

16. Are there any reporting or compliance requirements for startups participating in the programme?

Yes, there are reporting and compliance requirements for startups participating in the Malta Startup Residence Programme. Some of these may include:

1. Annual financial reporting: Startups may be required to submit annual financial reports to the Maltese authorities to ensure transparency and compliance with tax regulations.

2. Proof of ongoing business activities: Startups may need to demonstrate that they are actively conducting business operations in Malta as per the programme guidelines.

3. Compliance with residency regulations: Startups must also comply with the residency requirements set out by the programme, which may include maintaining a physical presence in Malta for a certain period of time each year.

4. Renewal of residence permit: Startups may need to periodically renew their residence permit under the programme by providing updated information about their business activities and financial status.

Overall, startups participating in the Malta Startup Residence Programme are expected to adhere to these reporting and compliance requirements to continue benefiting from the programme’s incentives and support.

17. Can startups apply for funding or other support through the Malta Startup Residence Programme?

1. Yes, startups can apply for funding and other support through the Malta Startup Residence Programme. The programme aims to attract international startups to establish and grow their businesses in Malta by providing various incentives and support mechanisms. These may include financial assistance, access to mentorship and networking opportunities, assistance with legal and administrative procedures, and guidance on navigating the local business ecosystem.

2. Startups accepted into the programme may also have the opportunity to access venture capital, grants, or other funding sources through partnerships with local investors, accelerators, or financial institutions. Additionally, the Maltese government offers various incentives and schemes to support the growth of startups, such as tax credits, grants for research and development activities, and access to EU funding programmes.

3. By participating in the Malta Startup Residence Programme, startups can benefit not only from the unique advantages of operating in Malta, such as its strategic location, business-friendly environment, and skilled workforce, but also from the financial and non-financial support available through the programme to accelerate their growth and success.

18. How does the Malta Startup Residence Programme compare to similar programmes in other countries?

The Malta Startup Residence Programme stands out compared to similar programmes in other countries for several reasons:

1. Strategic Location: Malta’s strategic location in the heart of the Mediterranean makes it an attractive option for startups looking to access both European and North African markets easily. This unique positioning provides a competitive advantage over other countries with similar programmes.

2. Favorable Taxation: Malta offers a highly competitive tax regime for startups, with a flat rate of 15% on corporate profits. This is significantly lower compared to many other countries, making it a more appealing option for entrepreneurs looking to minimize their tax liabilities.

3. Access to EU Markets: By being a member of the European Union, Malta provides startups with access to a large and lucrative market of over 500 million consumers. This can be a significant advantage for startups looking to scale their businesses beyond national borders.

4. Supportive Ecosystem: Malta has a thriving startup ecosystem with numerous support structures in place, including co-working spaces, funding opportunities, and networking events. This level of support can greatly benefit startups in their growth journey.

Overall, the Malta Startup Residence Programme offers a combination of strategic location, favorable taxation, access to EU markets, and a supportive ecosystem, making it a compelling choice for entrepreneurs compared to similar programmes in other countries.

19. Are there any success stories or case studies of startups that have participated in the programme?

Yes, there have been several success stories and case studies of startups that have participated in the Malta Startup Residence Programme. One notable example is ZAAR, a Maltese crowdfunding platform that enables projects to raise funds by connecting with backers online. ZAAR successfully leveraged the benefits of the programme to establish their operations in Malta, access a supportive network of mentors and investors, and benefit from the favourable business environment offered by the country. Another success story is Leviathan Dynamics, a startup that specializes in robotics and automation solutions. By participating in the programme, Leviathan Dynamics was able to scale their operations and expand their market reach, contributing to the growth of Malta’s tech ecosystem. These success stories showcase the positive impact of the Malta Startup Residence Programme in supporting the growth and development of startups in the country.

20. How can startups best prepare their applications for the Malta Startup Residence Programme to increase their chances of approval?

Startups looking to increase their chances of approval for the Malta Startup Residence Programme should ensure their applications are thorough and well-prepared. Here are some key steps they can take:

1. Understand the Requirements: Startups should carefully review the eligibility criteria and requirements of the Malta Startup Residence Programme to ensure they meet all the necessary qualifications.

2. Develop a Strong Business Plan: A comprehensive and well-thought-out business plan is essential. Startups should clearly outline their business idea, target market, revenue model, and growth strategy.

3. Demonstrate Potential Impact: Highlighting the potential economic and innovation impact of the startup on Malta can strengthen the application. This can include job creation, technology transfer, or other positive contributions.

4. Prove Financial Viability: Providing evidence of financial stability and a sustainable business model is crucial. This could include revenue projections, funding sources, and a clear financial plan.

5. Showcase Track Record: If the startup has already achieved some milestones or successes, such as partnerships, awards, or market traction, they should emphasize these in their application.

6. Seek Professional Guidance: Consider seeking guidance from legal or business advisors familiar with the Malta Startup Residence Programme to ensure the application is well-prepared and meets all requirements.

By following these steps and presenting a compelling case for their startup, entrepreneurs can enhance their chances of approval for the Malta Startup Residence Programme.