Applicants for the Malta Permanent Residency Program must meet specified investment requirements, such as renting or acquiring property in Malta and paying several obligatory contributions.
The Malta Permanent Residence scheme (MPRP) is a direct investment residence scheme that allows successful applicants to earn a Certificate of Maltese Residence, allowing them to live in Malta permanently with their family members.
This Malta Golden Visa scheme with residence investment path is excellent for persons with sufficient capital assets who want to improve their mobility and quality of life.
Benefits of a Malta Golden Visa
From its beautiful environment to its high quality of life, Maltese residence offers several advantages to expats and retirees. The small but thriving country has emerged as an investment hotspot, leading in innovation, cryptocurrency, and the tech start-up industry.
The Malta Permanent Residence Program enables qualified persons to enter this market of prospects and obtain a European residence card.
Another advantage of the Malta visa for direct investment residency is that it can eventually lead to Maltese dual citizenship and a Maltese passport.
Being given Maltese citizenship can provide several life-changing advantages. For starters, having a European passport after obtaining Maltese citizenship is worth its weight in gold. The importance of having the right to live, work, and study in any European Union country cannot be overstated.
The Maltese passport is also one of the world’s most visa-free travel passports, with visa-on-arrival and visa-free entry to 170 countries. Maltese inhabitants have access to free public healthcare regardless of personal circumstances, and they live in a safe and tranquil environment.
Golden Visa Investment Options for Malta residency by investment
The Malta Permanent Residence Programme (MPRP) provides a variety of flexible options for international investors seeking EU residency.
There are no prerequisites to live in Malta for a set period of time, although residents must have medical insurance that covers both Malta and the EU.
These regulations are only in effect for the first five years of residency.
To qualify, the main applicant must be at least 18 years old and present an affidavit stating that they have in their possession capital of at least EUR 500,000 as of the date of application (at least EUR 150,000 of which must be in financial assets). To be eligible for the program, you must meet the following application requirements:
- A property purchase of EUR 350,000 (EUR 300,000 in South Malta or Gozo), or a property lease of EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo)
- A contribution of EUR 28,000 to the Maltese economy if the residential property is purchased, or EUR 58,000 if the property is leased
- A EUR 2,000 donation to a non-governmental organization
MPRP (Malta Permanent Residency Programme)
The rental option requires a minimum yearly rental of EUR 10,000 in the south or Gozo, or EUR 12,000 elsewhere, whilst the buy option requires a minimum value of EUR 300,000 in the south or Gozo, or EUR 350,000 elsewhere.
In addition, applicants must pay a EUR 40,000 administration fee, a EUR 28,000 or EUR 58,000 government contribution (depending on whether they are acquiring or renting property), and a EUR 2,000 payment to a Malta non-governmental organization.
They must additionally contribute EUR 7,500 per parent or grandparent. The program provides a variety of benefits, including the right to live in Malta indefinitely, the ability to apply for citizenship, and free travel within the Schengen Area.
Note: If you continue to live in Malta, integrate into society, and study the language after getting your permanent residency card, you can apply for Malta citizenship after at least five years.
Elegebility Criteria
- Be over the age of 18 and a non-EU citizen
- Meet the qualifying investment requirements
- Hold the property investment for a minimum of 5 years
- Have a clean criminal record
- Acquire global health insurance coverage
- 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
Application Process for Malta residency by investment
The Malta Permanent Residence Programme application requirements and procedures are reasonable and uncomplicated.
The application is sent to the Residency Malta Agency, which is the government agency in charge of applications. Following stringent due diligence checks, successful applicants will be asked to complete the qualifying investments before being granted a residence permit.
Successful candidates will be issued a Maltese resident certificate, which serves as a permit by the Residency Malta Agency. These are the steps:
- Application document preparation and submission
- Maltese authorities review the application and undertake background checks
- Obtain approval-in-principle
- Submit proof of health insurance coverage and meet the investment requirements
- Complete biometrics in Malta and apply for permanent residency
- Issuance of permanent residency certificate and card
- 6-8 month application processing time
