Malta – Permanent Residency Program
Malta comprises a compact cluster of islands situated in the central Mediterranean Sea, located to the south of Italy’s Sicily. Its strategic location serves as both a cultural and political bridge connecting Europe and North Africa.
The region enjoys a superb climate, a populace known for its warmth and hospitality, and maintains a secure and stable environment with minimal criminal activity. Additionally, Malta holds full membership within the European Union and is part of the Schengen area.
The Malta Permanent Residency Program offers an opportunity for eligible family members to join the application, permitting the inclusion of up to four generations. This program allows the applicant and their family members to enjoy unrestricted residency within Malta indefinitely.
MPRP represents a lifetime residency initiative, necessitating PR card renewal every five years. The renewal process is extended to encompass children who have recently turned 14 and 18 years old.
Under this program, the investor and their family are required to travel to Malta twice: once upon approval of the application and subsequently every five years for biometric verification as part of the card renewal process. Notably, there exists no mandatory minimum stay requirement for participation in the MPRP.
Process Time: 12 months
Benefits:
1. Permanent residency for life.
2. Visa free travel within Schengen area.
3. Good Healthcare and Education system.
4. No Minimum stay required.
Eligible Family Members:
1. Principal applicant must me above the age of 18 years.
2. No Criminal Record.
3. No Visa denial.
4. Have assets amounting to at least 500,000 euros out of which 150,000 euros must be financial assets.
5. Unmarried and financially dependent children can be part of the application.
6. Financially dependent Parents and Grandparents can be part of the application.
Investment Options:
Rental Property:
Pay a non-refundable contribution fee of (€) 98,000 to the government after the application is approved.
Make a philanthropic donation of (€)2000.
Rent a residential unit for five years in Malta for (€) 10,000 in the South of Malta and Gozo per year. The remaining (€)40,000 are to be paid in the next 4 years.
Purchase a Property:
Pay a non-refundable contribution fee of (€) 68,000 to the government after the application is approved.
Make a philanthropic donation of (€) 2000.
Purchase a residential unit for five years in the South of Malta / Gozo for a minimum (€) 300,000 or in Central Malta for (€) 350,000.
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