Malta Permanent Residency
The Malta Permanent Residence Programme (MPRP) offers a unique opportunity for non-EU nationals to obtain permanent residency in one of Europe’s most attractive destinations. With its rich history, stunning landscapes, and vibrant culture, Malta has become a popular choice for individuals and families seeking a new home. In this guide, we will explore the requirements, application process, benefits, and frequently asked questions regarding Malta permanent residence.
Malta Permanent Residency Benefits
Residency and Family Inclusion
- Member of the European Union and Schengen Area.
- Right to reside indefinitely in Malta.
Dependents include:
- Spouse or partner.
- Dependent (unmarried) children of any age, including disabled children.
- Dependent parents and grandparents.
Travel and Quality of Life
- Free travel in Schengen Area for 90 days in every 180-day period.
- High standard education and healthcare system.
- A low-cost and tax-efficient jurisdiction.
- Right to establish a business in Malta.
- Attractive Tax Regime.
- Visa free countries : 122
Ease of Access
- No language requirement.
- No education or management experience required.
- Potential path to citizenship under Maltese Citizenship Act, Chapter 188, subject to conditions; citizenship is not guaranteed.
Malta Permanent Residency Requirements
- Be over 18 years of age and non-EU citizen.
- Meet the qualifying investment requirements.
- Hold the property investment for a minimum of 5 years.
- Have a clean criminal record.
- Acquire health insurance coverage in Malta.
- Be in good health and of good reputation.
- Provide evidence of the source of funds used for the application.
- Have sufficient financial resources to support themselves.
- Provide proof of assets of at least EUR 500,000, with at least EUR 150,000 in financial assets (to maintain throughout the first 5 years).
Malta Residency Investment Visa Options
Property Rental
Rent property with a minimum annual rental of:
- EUR 10,000/year in the South of Malta or Gozo; or
- EUR 12,000/year elsewhere.
Property Purchase
Purchase property with a minimum value of:
- EUR 300,000 in the South of Malta or Gozo; or
- EUR 350,000 elsewhere.
Government Contribution (Mandatory)
Government contribution of:
- EUR 28,000 if purchasing property; or
- EUR 58,000 if renting property.
Other mandatory conditions:
- EUR 2,000 donation to a Malta Non-Government Organization.
- Contribution of EUR 7,500 per parent/grandparent.
- Administration Fee of EUR 40,000.
Malta Permanent Residency Process
Processing time 6-8 Months
Due Diligence And Application
- Preparation and submission of the application documents (with AKM Licensed Agent number AKM-DISC).
- Review of the application by Maltese authorities and conducting of background checks.
Approval And Investment
- Obtain approval-in-principle.
- Submit proof of health insurance coverage and fulfill the investment requirements.
- Complete the biometrics in Malta and application for the permanent residency.
Residency
- Issuance of the permanent residency certificate and card.
- Expected application processing time of 6-8 months.
Contact us
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Frequently Asked Questions
What is the Malta Permanent Residence Programme (MPRP)?
The Malta Permanent Residence Programme allows eligible individuals to acquire permanent residency status in Malta through investment.
The program is designed to attract foreign investment while providing applicants with the chance to enjoy the high quality of life that Malta offers. The MPRP has undergone recent changes that simplify the application process and broaden eligibility criteria, making it easier for potential residents to establish their new lives in Malta.
Why applying for Malta residency by investment?
The Malta residency by investment Programme provides an attractive pathway for non-EU nationals looking to establish residency in Europe. With its straightforward requirements and numerous benefits, it serves as an excellent option for those seeking a new beginning in one of the Mediterranean’s most beautiful islands. Understanding these requirements can help potential applicants navigate the process effectively and achieve their goal of living in Malta.
Are specific educational qualifications or work experiences required for residency applicants?
No education or management experience is required for Malta permanent residency.
What are the benefits of permanent residence in Malta?
Benefits of the residence in malta include:
- Residency in an EU member state.
- Indefinite right to reside in Malta.
- Schengen Area travel rights.
- Access to Malta’s education and healthcare systems.
- Potential path to Maltese citizenship (subject to conditions).
Who is eligible for permanent residency in Malta?
Non-EU citizens over 18 years old, meeting investment requirements, and fulfilling other criteria can apply.
Must applicants demonstrate a certain net worth or asset level to qualify for residency?
Applicants must prove assets of at least €500,000, with a minimum of €150,000 in financial assets.
What is the application process for Malta residence and visa?
The process for Malta residence and visa involves due diligence, application submission, approval, investment fulfillment, biometrics, and residency issuance.
Can the applicant's family obtain residency through the same application?
Yes, dependents like spouses, children of any age, and dependent parents and grandparents can be included.
Is it possible to include the applicant's parents in the residency application?
Are there language proficiency requirements for the residence permit in Malta?
There is no language requirement for the Malta Permanent Residency Program.
What are the tax implications of relocating to Malta?
Malta offers favorable tax rates for residents. Income earned outside of Malta may not be taxed if certain conditions are met. It’s advisable to consult with a tax professional regarding your specific situation.
Relocating to Malta can be an exciting adventure filled with opportunities for personal growth and exploration. With its welcoming community, beautiful scenery, and rich culture, Malta provides an ideal setting for anyone looking to start anew in Europe. By understanding the residency options and practical considerations involved in your move, you can ensure a smooth transition into your new life on this enchanting island.