Malta Permanent Residence
Malta has been a member of the EU since 2004 and the Schengen Area since 2007 and is an island of stability with a welcoming innovative mind-set and a proven record of economic success. Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. The country is ideally located in the centre of the Mediterranean Sea and acts as a perfect bridge between Europe and other continents.
Malta offers a number of programmes to non-EU/EEA nationals, seeking an alternative residency. The main residence programmes are the Malta Permanent Residence Programme (MPRP) and the Malta Global Residence Programme (GRP). Residence obtained under the MPRP grants a Maltese permanent residence permit which allows its beneficiaries the right to reside, settle and stay in Malta as well as to travel visa-free within the Schengen Area for 90 days out of 180.
More and more people around the globe are choosing to invest in a second residency in Malta, benefiting of plenty of advantages including a comfortable lifestyle and a more secure future in one of the safest countries in Europe.
MPRP Legal Basis
The Malta Permanent Residence Programme was launched in March 2021, by virtue of Legal Notice 121 of 2021. The regulations provide the ability for affluent persons of impeccable standing and repute to apply for Maltese residence on the basis of:
- A contribution to Malta
- An investment in property, and
- A donation to a charity organisation.
MPRP Investment & Cost
|Property Purchase Option
|Property Rental Option
|Government Admin Fee
|€10,000 / year (Gozo/South of Malta) €12,000 / year (rest of Malta)
|€300,000 (Gozo/South of Malta)
€350,000 (rest of Malta)
|€70,000 + Property
|€100,000 + Rental
The main applicant for the Malta Permanent Residence Programme must be at least 18 years of age. Eligible dependents include the spouse or partner in a long and durable relationship, children, parents and grandparents, under certain conditions.
To qualify under the MPRP applicants are required to provide evidence that they hold at least €500,000 in capital, out of which €150,000 should be in the form of financial assets.
Why a Maltese Residency is the right investment?
- A politically stable and safe jurisdiction in the EU
As a member of the European Union since 2004, Malta offers the high quality of living, prestige and reputability of a European country while still offering the charm and calm lifestyle of a Mediterranean island. According to recent studies, Malta also ranks as one of the safest and most secure countries in the world.
Malta is a neutral country with low terror threat levels and very low crime rates compared to other European countries. Also from a political perspective, Malta is a very stable country.
- High quality education and health care
Malta is ideal for families seeking to relocate to a country which offers excellent schooling options. The Maltese school system is based on the British structure. On these foundations, Malta earned a very good reputation for the high standards of its schools, including both state schools and private schools which are rated very positively.
- EU Residence – Freedom of movement in Europe
The Malta Permanent Residence Programme (MPRP) specifically gives the opportunity to non-EU/EEA/Swiss citizens to reside in Malta indefinitely. In addition, beneficiaries are also given the right to travel within the Schengen Area without a visa for 90 days out of 180.
Malta: an investment for both family and business security
Malta offers the perfect balance between the capital needed to apply for this programme and the reputability and stability which Maltese residence affords. The different programmes offered by the Maltese legislation provide big return on investment if compared to other countries. Indeed:
- Malta enjoys one of the strongest economies in Europe – When you invest in Malta, you are investing in one of the strongest economies in Europe which managed to register growth even during times of worldwide financial crisis.
- Malta is facing an increasing value of properties -Therefore, when buying assets such as property in Malta, you are investing in a long-term asset which is increasing in value from year to year.
Thus, Malta residency by investment can be considered as a long-term investment for your assets, as well as an investment in your family’s future.