Malta Permanent Residency - A Smart Investment Program

Malta permanent residency is a significant opportunity for those wishing to immigrate to the land known as the “heart of the Mediterranean.” Settling long-term in Malta facilitates business travel across various countries and serves as a valuable safeguard. Follow the article below to understand the benefits and reasons for choosing the residency program in Malta.

Overview of the Malta Permanent Residency Program (MPRP)

The Malta Permanent Residency Program is issued by the local government to attract investors and individuals from outside the European Economic Area to live and settle in Malta. Typically, to become a long-term resident in Malta, citizens from third countries (excluding EU, EEA, and Swiss citizens) must invest in real estate and pay annual taxes as required.

Additionally, MPRP is viewed as a long-term investment residency program that allows you to invest in real estate through the following common methods:

• Rent real estate with a minimum value of 12,000 euros/year on the island of Malta or 10,000 euros/year in the southern part of the island or Gozo.

• Purchase real estate with a minimum value of 350,000 euros on the island of Malta or 300,000 euros in the southern part of the island or Gozo.

Malta Permanent Residency Program Attracts Foreigners

Furthermore, the projects you invest in must be maintained for at least 5 years. Additionally, the applicant must contribute to the government of Malta with the following fees:

• Approximately 28,000 euros if purchasing real estate.

• Approximately 58,000 euros if renting real estate.

Moreover, you need to pay an application fee at the Residency Malta office, which manages the program, amounting to 40,000 euros, of which 10,000 euros is paid upon submission of the application. The final condition for the Malta permanent residency investment program is a 2,000-euro donation to non-governmental organizations registered for lawful activities in Malta in the fields of charity, community, culture, arts, etc.

Why Choose Malta's Permanent Residency Program?

The reason why many people tend to choose permanent residency in Malta over other countries includes several special reasons:

Choosing Permanent Residency in Malta Offers Many Advantages

• The program does not require educational qualifications or management or business ownership experience.

• No requirement for English or Maltese language proficiency to meet permanent residency requirements.

• The Malta permanent residency investment program does not require a minimum stay period. Instead, you only need to complete the biometric procedures and then receive the permanent residency card.

• You must prove a minimum asset value of 150,000 euros as liquid assets such as stocks, bonds, savings, or bank deposits.

• The program allows the main applicant to choose investment options, either renting or purchasing real estate depending on their financial capacity. This allows for diversification of investment assets.

• For the permissible investment limit, the program requires more competition compared to standard investment programs.

• Under the MPRP, you will be required to disburse the investment when the application is approved in principle. This limits financial losses and helps you manage investment funds.

• The program duration is quicker than other investment residency programs in countries like the US, Canada, or EU. Generally, the MPRP takes up to 8 months from the submission of all relevant documents and applications.

Benefits of the Permanent Residency Program in Malta

In addition to the reasons for choosing the MPRP, this program also provides many benefits for residents.

Permanent Residency Card in Malta Takes Less Time to Obtain

• The permanent residency card granted to the main applicant holds long-term value and can be renewed every 5 years. This program provides a direct residency card without the need to live in Malta under temporary residence status while waiting for application approval.

• Dependents can reside with the main applicant, typically including four generations within the family such as the main applicant's spouse, unmarried children dependent on the main applicant financially, and financially dependent parents and grandparents.

• Investors and their families are allowed to reside and work in Malta and enjoy the country's top-notch healthcare and education systems.

• Malta is known for having relatively low taxes and offering significant benefits for residents. Therefore, many foreign entrepreneurs aim to invest their assets in this country. Notably, Malta does not impose property taxes, enhancing investment advantages for homeowners.

• As a member of the Schengen Agreement, residents in Malta can travel freely and stay in these countries for up to 90 days without needing additional entry clearance.

• Although this program does not directly grant citizenship immediately, the permanent residency status allows you to apply for citizenship after 5 years of residency.

Malta Permanent Residency Card Holders Benefit from Tax Advantages

Steps to Obtain Malta Permanent Residency

The steps to achieve Malta permanent residency are straightforward and include:

1. Prepare Documents: Gather all necessary documents or required papers for the application. Additionally, you must pay an initial fee of 10,000 euros directly to Residency Malta.

2. Application Processing: Once the necessary documents are prepared, your application will be processed, verified, and thoroughly assessed through Residency Malta.

3. Approval: After multiple verification steps and meeting all criteria, your application will be approved in principle.

4. Disbursement and Commitment: Upon successful application approval, you will begin disbursing the predetermined investment plans. You must also sign the commitment to donate or contribute to the Maltese government and complete the remaining fee of 30,000 euros.

5. Complete Procedures: The main applicant and related dependents will complete biometric procedures and receive the permanent residency card. Additionally, you will be provided with all necessary Malta Citizenship nationality and legal residency documents for living on the island.

Follow All Steps to Obtain Malta Permanent Residency

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