Malta Permanent Residence Programme

The Malta Permanent Residence Programme

 

The Malta Permanent Residence Programme (also often referred to as “MPRP”) is a ‘residency by investment’ initiative that requires investments in qualifying property as well as government contributions. This new programme has a 4-6 month processing time (beginning with a complete and correct application) and has replaced the previous Malta Residence & Visa Programme (“MRVP”).

Benefits of the Malta Permanent Residence Programme:

  • Successful applicants will be granted the right to live in Malta on a permanent basis
  • “Visa-free” travel across the Schengen region for 90 out of 180 days
  • Access to invest in Malta’s attractive real estate market
  • Up to four generations may be included in an application

Eligibility & Personal Criteria:  

  • Open to non-EU, non-EEA, non-Swiss & third-country nationals
  • Applications from “sanctioned” countries are not allowed
  • Applicants must not already be part of or be benefitting from any other schemes or programs
  • Applicants must show receipt of stable and regular income and financial resources that are sufficient to cover themselves and their family members included
  • Prove they have capital assets of not less than €500,000 (out of which €150,000 must be financial assets)
  • No criminal record or pose any threat to national security, public policy, public health or public interest

Successful applicants will have to complete the following steps:

  • Complete and submit an application in association with a “Licensed Agent”
  • Pay a non-refundable fee of €40,000 to cover administrative costs
  • Rent a property for a minimum of €10,000 per annum in the South of Malta & Gozo or €12,000 per annum for the rest of Malta or buy a property with a minimum value of €300,000 (South of Malta & Gozo) or €350,000 for the rest of Malta
  • Pay a Government contribution of €28,000 if buying a property or €58,000 if leasing a property (note: there is an additional fee of €7500 for each additional adult dependent (with the exception of the spouse).
  • The rented or purchased property has to be held for a minimum period of 5 years
  • Make a €2000 donation to a “local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations”
    possess a valid travel document
  • Be the holder of a sickness insurance policy to cover all risks across Malta
  • Be the holder of travel insurance when moving around the Schengen area

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If you require any further information about the ‘Malta Permanent Residence Programme’ or if you want to discuss the qualifying real estate for this programme then contact our leading team of experts on:

Call +356 2131 0800 /0088 or email: perry@perry.com.mt

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