Valletta

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.

Kurt Farrugia
Kurt Farrugia

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.

Charles Mizzi

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.

Related

7 Books every Maltese CEO should read at least once

22 June 2024
by Helena Grech

These familiar works are essential for any business leader and owner, providing insights and strategies to excel.

Team building and bonding: Key differences and how you can get the team together

21 June 2024
by Anthea Cachia

Both activities are a great opportunity for employees and leaders to engage in conversation, unwind and have fun.

Richmond Foundation CEO says employers ‘can do much more’ to protect workers’ mental health

21 June 2024
by Fabrizio Tabone

This was highlighted during a conference by the Commission for the Rights of Persons with Disability and Richmond Foundation.

‘Nothing beats personal contact’: Majority of Malta’s CEOs favor physical meetings

21 June 2024
by Fabrizio Tabone

Technology has made it possible to communicate in different ways, yet CEOs still feel the need to have at least ...

Close Bitnami banner
Bitnami