Cap. 217 Art. 7APermanent residence certificates.

(1) Notwithstanding the provisions of this Act or any other Act, the Minister may grant a residency certificate to reside permanently in Malta to a third country national on the basis of investment and who satisfies the requirements prescribed under this Act:

Provided that residency rights may also be granted to eligible dependants or family members of the said third country national.

(2) Any residency certificate issued in terms of this article may be revoked and article 7(3) shall apply mutatis mutandis:

Provided that a third country national or his eligible dependants and family members shall also cease to benefit from a residency certificate in those instances that the Minister may by regulations provide.

(3) The Minister may by regulations make provisions for carrying into effect the provisions of this article, including, without prejudice to the generality of the foregoing, for the establishment and implementation of a programme for the grant of permanent residency rights on the basis of investment and for the cessation of certificates of permanent residence.