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Malta Permanent Residence Programme
What is Malta Permanent Residency Programme?
The Malta Permanent Residency Programme (MPRP), also known as Malta’s Golden Visa, is an immigration route to permanent residency in Malta. The MPRP was announced and started accepting applications in 2021 through legal notice 121 of 2021. This residence by investment programme grants residence subject to payment of a contribution to the government, an investment in property and a donation to charity.
Malta’s Permanent Residence Programme allows family members to join in one application and obtain permanent residence within six months. This programme is unique compared to other countries’ residence programmes since it immediately grants permanent residency without paying for renewals. In addition, there is no minimum physical stay in Malta.
Residence cards are issued for five years and are renewed indefinitely as long as the applicant maintains a property (which can be rented).
How to Get Malta Permanent Residence Permit?
An applicant can qualify for the Malta Permanent Residence Programme by showing that they hold at least 500,000 Euros in assets, out of which 150,000 Euros must be in the form of liquid assets such as money in a bank account, shares, stocks, bonds and funds.
Apart from this, the applicant needs to fulfil three obligations:
- Pay a donation of 2,000 Euro to a charity organisation in Malta, and,
- Pay a non-refundable donation of 98,000 Euros when opting to rent a property in Malta or 68,000 Euros when opting to purchase a property in Malta.
- Rent property in Malta for at least 10,000 Euros annually or purchase a property worth at least 300,000 Euros.
| Property Rental Option | |
| Donation to Charity | 2,000 Euros |
| Donation to Government | 98,000 Euros |
| Renting a Property | 10,000 Euros Annually |
| Property Purchase Option | |
| Donation to Charity | 2,000 Euros |
| Donation to Government | 68,000 Euros |
| Renting a Property | 300,000 Euros |
Through the property rental option, the cost for the investor would be 100,000 Euros + the property’s rent.
What Are Malta Residence Permit Benefits?
The main benefits of obtaining permanent residency in Malta through the MPRP include the following:
- Obtain permanent residence for life,
- The right to live in Malta indefinitely,
- The right to travel within the Schengen area without a visa and stay in other Schengen countries for three months every six months,
- Ability to invest in property in Malta,
- Ability to include children in the same application without additional fees,
- Ability to include parents and grandparents of the main applicant and/or the spouse,
- Malta is one of the safest countries in the world,
- Malta is an English-speaking country,
- Malta enjoys top-quality educational and health institutions,
- Malta is a member of the EU, Schengen, and the Commonwealth, with the Euro as its official currency.
Related Article: How to Get Maltese Citizenship?
Keywords: Malta Residency, Malta Permanent Residency, Malta Golden Visa, Malta Residence Permit, Malta Residency Permit, Malta Long Term Residence Permit, Malta Long Term Residency, Malta Residence
