Malta Permanent Residency Programme
By virtue of Legal Notice 121 of 2021, the Malta Permanent Residency Programme (MPRP) entitles affluent third country international investors to reside, settle or stay indefinitely in Malta and enjoy visa-free travel within the Schengen Zone for 90 days out of 180. The MPRP also extends to family members of both the main investor and their spouse. As such, children, parents and grandparents who are financially dependant may also be included. Malta, a member state of the European Union, is rich in history and culture. It is a politically stable and secure country enjoying a sunny Mediterranean climate with English being an official language, making the MPRP a highly attractive residency by investment option.
Benefits
- Offers Immediate Residence Status
- English Speaking
- Family eligible
- Visa free travel to Schengen
Investment Value
The qualifying investment under the Malta Permanent Residency Programme falls under four categories:-
1. Invest in qualifying residential property. Investors have the choice to purchase property for a minimum value of €375,000 or rent property for €14,000 per year in Malta or Gozo. The qualifying property must be held for a period of 5 years.
Applicants who purchase a qualifying property located in a Special Designated Area (SDA) may lease it on a temporary basis when not residing in Malta, subject to Agency guidelines.
Additionally, applicants who lease property can, with the landlord’s consent, sublet the property on a short-term basis, after completing the five-year compliance period.
2. Investors need to make a monetary contribution to the government of €37,000 – this applies to both purchase and rental options.
3. Donate to a local charity a minimum of €2,000.
4. Pay a non-refundable government administration fee of €60,000 which includes the main applicant, spouse, minor children and adult children diagnosed with a disability. The fee for each adult dependant is €7,500.
Furthermore, the investor must be in possession of assets having a value of not less than €500,000 of which €150,000 must be in the form of financial assets OR €650,000 of which €75,000 must be in the form of financial assets.
Procedure & Timeline
UP TO 4 WEEKS
Main applicant is in good standing
Applicants may apply for a one-year Temporary Residence Permit upon paying the non-refundable €15,000 government admin fee, provided the MPRP application is submitted in 6 months. The Temporary Residence Permit is issued within 4 weeks and is valid for 1 year.
1-2 MONTHS
MPRP file preparation and submission.
For applicants who do not apply for temporary residence, payment of the €15,000 non-refundable government admin fee is due within 1 month of submission.
4-6 MONTHS
Application is reviewed by the authorities.
In principle Approval is issued
UP TO 2 MONTHS
Settle remaining €45,000 government administration fee.
2-3 MONTHS*
- Settle Applicable Government Contribution
- Purchase (€375,000 minimum) or Rent (€14,000 minimum per annum) qualifying property for 5 years
- Make a charitable donation of €2,000
- Purchase health insurance
*Applicants have up to 8 months to complete
Letter of Final Approval and Certificate of Residence are issued.
2-4 WEEKS
Residency cards are issued.
