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.
With the promise of a 4 to 6-month processing time from the submission of a complete and correct application, the MPRP offers much value to clients wishing to make Malta their home away from home.
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 un-married and economically dependent on the main applicant.
An additional fee of €7,500 applies for each adult dependant plus an
additional €5,000 per child (18+) principally dependent on main applicant after approval and minor child of an already approved dependent child
and/or of his already approved spouse.
The main applicant must also:
• Be at least 18 years of age;
• Be a non-EU/EEA/SWISS national;
• Be in a possession of valid travel documents, for both himself and his dependents;
• Be in possession of adequate health insurance covering the EU territory;
• Be deemed a fit and proper person;
• Not benefit under other pertinent regulations and schemes.
• To submit an application via a Licensed Agent
A non-refundable administrative fee of €40,000 is payable to the Malta Residence Agency. €10,000 is payable upon submission of the
application, whilst the remaining €30,000 must be paid within 2 months from the date of the Letter of Approval Principle.
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