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Posted by admin on March 15, 2023

Malta Permanent Residence Programme

Living and travelling visa-free in Europe

4—6 months

Application processing time

90 out of 180 days

Visa-free stay in the Schengen Area

Licence

№ AKM‑IMIN

Third-country nationals — non-EU, non-EEa and non-Swiss — can participate in the Malta Permanent Residence Program. Investors obtain permanent residency in Malta, which allows them to live in the country and visit the Schengen Area for 90 days in 180. Immigrant Invest is a licensed agent of the program.

Applicants fulfil several investment conditions. They buy or rent real estate, pay government fees and make donations. They also confirm that they have assets of at least €500,000, where €150,000 are liquid financial assets.

Malta permanent residence is granted for life. However, the permanent residence card must be renewed every five years, much less frequently than temporary residence permits.

The Malta Permanent Residence Programme was launched in 2015. In 2021, the rules were updated. The Malta Permanent Residence Programme Regulations, L.N. 121 of 2021, provide the new terms and conditions.

Individual meeting

 

Help with the choice

Second citizenship helps register a business abroad, open a corporate bank account, avoid currency control restrictions and expedite money transfers. Some jurisdictions also do not reveal beneficiaries’ personal data, protecting the investor’s privacy.

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FAQS

Frequently Asked Questions About Malta Permanent Residence:

Yes, foreign nationals can get a permanent residence permit in Malta. To do it, one can live in Malta for 5+ years or participate in the Malta Permanent Residence Programme.

 

Non-EU, non-EEa and non-Swiss nationals may apply for a PR permit under the MPRP. Applicants must be over 18, have no criminal record, prosecution or visa denial, and be not under sanctions. Also, one must confirm having assets of at least €500,000, including €150,000 as liquid financial assets.

 

Investors’ spouses, children, parents and grandparents may apply as well.

The term is individual: it depends on several factors, for example, the time needed to prepare documents, find a property to rent or buy, and fulfil other investment conditions.

 

After submitting documents, the application is processed for 4–6 months. Then, some time is needed to get final approval and receive residence cards.

Adult investors over 18 years old can participate if they have:

 

  • a proven legal income;
  • no criminal records;
  • no previous refusals on getting a visa in a country that has a visa-waiver agreement with Malta;
  • assets of at least €500,000, including liquid financial assets of €150,000.
Investors’ family members can get permanent residence under the programme. A spouse or partner, children, parents and grandparents can participate. There is no age limit for relatives.
 
However, several requirements are imposed on adult family members. Children over 18 must not be married. Adult children, parents and grandparents should be principally dependent on the investor.

The investor fulfils several investment conditions:

 

  • -€40,000 the administration fee;
  • -€10,000+ per annum or €300,000+ for renting for five years or buying real estate in Malta;
  • -€58,000 or €28,000 – the contribution fee for renting or buying real estate;
  • -€2,000- a donation to a charitable organisation.

If the investor rents a property for five years, the final expenses will amount to at least €150,000. If they buy a property, they spend at least €370,000.

 

The investor also pays €7,500 per parent or grandparent added to the programme.

If the investor buys real estate to participate in the programme, they can sell it five years later and get the money back. In addition, they can rent out the property

 

Rental payments, administration and contribution fees, and charitable donations cannot be refunded.

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