Malta
Permanent Residence Program
Located in the heart of the Mediterranean, Malta is an ideal place to live, whether as a primary or secondary residence. Additionally, Malta’s dynamic economy features advantageous tax policies, making it an attractive destination for those seeking financial and business opportunities.
Malta
Permanent Residence Program
The Malta Permanent Residency Programme (MPRP) grants affluent investors indefinite residency in Malta and visa-free travel within the Schengen Zone for 90 days out of 180. Family members, including dependent children, parents, and grandparents, are also eligible. Malta’s political stability, security, and sunny climate enhance the appeal of the MPRP as a residency-by-investment option.
- Population: Approximately 467,000 inhabitants
- Languages: Maltese, English
- Economy: Advanced and innovation-driven economy with strengths in financial services, tourism, and manufacturing
- Currency: Euro (EUR)
- Visa-Free Travel:185 countries.
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Advantage
- Dependents Included: Spouse or partner; financially dependent unmarried children up to the age of 28; financially-dependent parents and grandparents.
- EU and Schengen Membership: Member of the European Union and Schengen Area.
- Residency Rights: Right to reside indefinitely in Malta.
- Schengen Travel: Free travel within the Schengen Area for 90 days in every 180-day period.
- Opportunity for Investment Return: Applicants are permitted to rent out their purchased real estate or sublet their rented unit.
- Quality Services: High standard of education and healthcare system.
- Cost-Efficiency: A low-cost and tax-efficient jurisdiction.
- Business Opportunities: Right to establish a business in Malta.
- No Language Requirement: No language proficiency required.
- No Specific Requirements: No education or management experience required.
- Citizenship Pathway: Potential path to citizenship under the Maltese Citizenship Act Chapter 188, subject to conditions (must reside continuously in Malta for the first 12 months immediately before the application and for periods aggregating to not less than 4 years within the preceding 6 years).
Requirements
- Age and Citizenship: Must be over 18 years of age and a non-EU citizen.
- Investment Compliance: Meet the qualifying investment requirements.
- Property Investment: Hold the property investment for a minimum of 5 years.
- Criminal Record: Have a clean criminal record.
- Health Insurance: Acquire health insurance coverage in Malta.
- Good Health and Reputation: Be in good health and of good reputation.
- Source of Funds: Provide evidence of the source of funds used for the application.
- Financial Resources: Have sufficient financial resources to support themselves.
- Proof of Assets: Provide proof of at least EUR 150,000 in liquid financial assets and possess total assets worth no less than EUR 500,000 (or EUR 650,000 total assets with a reduced EUR 75,000 in financial assets).
Investment
Applicants must either rent or purchase property in Malta (held for at least 5 years) and make the following mandatory contributions:
- Property Rental Option:
- Rent property with a minimum annual rental of EUR 14,000 in Malta or Gozo.
- Property Purchase Option:
- Purchase property with a minimum value of EUR 375,000 in Malta or Gozo
- Mandatory Contributions:
- Administration Fee: EUR 60,000
- Government Contribution: EUR 37,000
- Additional Contribution: EUR 7,500 per adult dependent children, parents, and grandparents
Process
- Application Preparation: Submit all documents through an AKM Licensed Agent (license number AKM-DISC).
- Initial Residence Card: Temporary, one-year residence card (renewable) is obtained.
- Application Review: Authorities review the application and conduct background checks.
- Approval-in-Principle: Receive approval-in-principle.
- Health Insurance & Investment: Submit proof of health insurance and fulfill investment conditions.
- Biometrics & Residency Application: Complete biometrics in Malta and apply for permanent residency.
- Residency Certificate: Receive the permanent residency certificate and card.