Malta Permanent Residence Programme

ELIGIBILITY CRITERIA FOR THE MALTA PERMANENT RESIDENCE PROGRAMME

To qualify for the MPRP, applicants and their dependants must meet the following conditions:

• Nationality: Applicants must be non-EU/EEA/Swiss nationals. They must not originate from countries sanctioned by Maltese authorities.
• Financial Stability: Applicants must demonstrate sufficient, stable, and regular financial resources to support themselves and their dependants without relying on Malta’s social assistance. They must have a minimum capital of €500,000, of which at least €150,000 must be in financial assets; or show they have capital assets of not less than €650,000, of which €75,000 must be in the form of financial assets. This requirement must be maintained for at least five years.
• Fit and Proper Test: All applicants are subject to a rigorous due diligence process, requiring them to have a clean criminal record and pose no threat to Malta’s national security, public health, or public policy.
• Health Insurance: Applicants must hold valid, comprehensive health insurance that covers medical risks in Malta and throughout the European Union.
• Real Estate Investment: Applicants must either purchase a property valued at a minimum of €375,000. Alternatively, one may lease a property for at least €14,000 annually.
• Government Contributions and Donations: One must pay a non-refundable government contribution of €60,000 if renting property, or €30,000 if purchasing property. In addition, a €2,000 donation to a registered philanthropic, cultural, or social cause approved by Maltese authorities is required.
• Residency and Programme Exclusivity: Applicants must not be beneficiaries of any other Maltese residence or citizenship programme.

It is important to highlight that the Malta Permanent Residence Programme doesn’t grant the beneficiary an employment license. One will need to apply for a work permit.

TAX TREATMENT UNDER THE MALTA RESIDENCE PROGRAMME

The Malta Permanent Residence Programme is tax-neutral, with no specific tax incentives or additional burdens. Should a beneficiary opt to become a tax resident, then existing tax regime tax bands will apply to any income remitted into Malta.

DEPENDANTS

Family applications are allowed by the Malta Permanent Residence Programme.  The programme accommodates family inclusivity, allowing the addition of:

• Spouses or long-term unmarried partners.
• Any children under the age of 18.
• Parents and grandparents on either side of the family.
• Any other adult dependants up to the age of 28, given that they are unmarried and financially dependant on the main applicant

ADMINISTRATIVE FEES

Applicants must submit their application through a Licensed Agent and are required to pay an administrative fee of €50,000 to the Maltese government. An additional fee of €10,000 is charged for each dependant, regardless of their relationship to the applicant (spouses, children, parents, or grandparents).

DOUBLE TAXATION RELIEF

Malta’s extensive Double Taxation Relief (DTR) network spans over 70 countries, ensuring that residents are not taxed twice on income such as pensions, dividends, or employment. Where no treaties exist, Malta provides Unilateral Relief to offset foreign taxes paid.

Additionally, Malta has no inheritance tax, though certain duties apply to local property transfers and shares.

YOUR TRUSTED PARTNER IN MALTA

Established in 1969, Frank Salt Real Estate brings over 55 years of expertise to Malta’s real estate and residency sectors. Renowned for our trusted reputation, we not only assist clients in finding the perfect property for sale or rent but also provide expert guidance through Malta’s residence and citizenship programmes.

With the largest selection of properties in Malta and a team highly experienced in assisting foreign clients, we ensure a seamless relocation or investment process. From personalised residency advice to an extensive range of real estate options, Frank Salt Real Estate is your dependable partner in making Malta your home.