it has not taken over the activity of another enterprise,
it has not yet distributed profit,
it has not been formed through a merger
The residence permit will be issued for an initial period of three (3) years following the approval of Malta Enterprise and Residency Malta. This will be renewed for a further five (5) years once Malta Enterprise and Residency Malta confirms that the start-up is still ongoing and the founder or co-founder(s) still meets the eligibility criteria of the Programme.