The Malta Permanent Residence Programme is a residency-by-investment program that entitles a beneficiary to the right to settle, stay and reside in Malta permanently. It is by far one of the most attractive residence programmes available to individuals looking at obtaining permanent residence in an EU country that also forms part of the Schengen Zone.
Available exclusively to non-EU nationals, the Malta Permanent Residence Programme provides its holders with:
In addition to the above, one also gets to enjoy:
The Malta Permanent Residence Programme carries no minimum stay requirements and no personal tax implications unless the applicant spends more than 183 days in Malta in which case the applicant will be considered as tax resident in Malta.
Applicants under the Malta Permanent Residence Programme must fulfil all of the following three requirements:
To qualify for the MPRP, applicants must be in possession of at least €500,000 worth of capital, of which €150,000 are to be financial assets.
Applications under the Malta Permanent Residence Programme are open to non-EU, non-EEA and non-Swiss nationals. An application can include the main applicant, the spouse, financially dependent parents, and grandparents as well as children of the main applicant and the spouse. In order for children to be included in the same application, they must be unmarried and economically dependent on the main applicant.
An additional fee of €7,500 applies for each additional applicant in case of parents, grandparents or spouses, whilst the fee for each child over 18 years applicbale.
The main applicant must also:
The Malta Permanent Residence Programme was announced in replaces the Malta Residence and Visa Programme (MRVP).