THE MALTA PERMANENT
Malta is a small island nation in the Mediterranean Sea that is a member of the European Union and the Schengen Area. It has a strong economy and a well-educated, English-speaking population. Its location between Europe and other continents makes it a convenient place to conduct business. The Malta Permanent Residency Programme (MPRP) offers permanent residence status, allowing holders the right to live, settle, and travel within the Schengen Area without a visa.
The MPRP is a straightforward residency-by-investment programme based on investments in property and government contributions. With the promise of a 4 to 6-month processing time from the submission of a complete and correct application, the Programme offers much value to clients wishing to make Malta their home away from home.
Benefits of the MPRP
- have the right to settle, stay and reside permanently in Malta;
- enjoy Visa-free travel across Schengen, 90 out of 180 days;
- penetrate Malta’s affordable real estate market;
- may include up to four generations in an application;
Eligibility and requirements
To be eligible for the MPRP, applicants should:
- be third country nationals, non-EU, non-EEA and non-Swiss;
- not hail from sanctioned countries, as announced from time to time by the Agency;
- not benefit under other pertinent regulations and schemes;
- be in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta;
- show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets;
- be fit-and-proper individuals and have a clean criminal record;
- not pose any potential threat to the national security, public policy, public health or public interest.
To participate in the MPRP, applicants must:
- submit an application via a Licensed Agent;
- pay a non-refundable administrative fee of €40,000;
- rent a property for a minimum of €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta; or
- purchase a property for a minimum value of €300,000 in the South of Malta/Gozo or €350,000 in the rest of Malta;
- pay a Government contribution of €28,000 if purchasing a property or €58,000 if leasing a property;
- pay an additional €7,500 for each additional adult dependant (except for the spouse);
- hold the qualifying property for a minimum period of 5 years after which a residential address is required;
- make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations;
- be in possession of a valid travel document;
- take out a sickness insurance policy to cover all risks across Malta;
- take out a travel insurance when travelling across Schengen.