The Malta Permanent Residence Programme was officially launched today by virtue of LN 121 of 2021. This replaces the previous residence by investment programme (MRVP) and aims at introducing stronger ties between the applicant and their new country of residence. While the programme retains several features of the MRVP it has removed the requirement to invest in government bonds and instead introduces a contribution of €2,000 to a charitable organisation.
Eligibility & Requirements of The Malta Permanent Residence Programme
The MPRP is open only to non-EU nationals who can provide evidence that they hold at least €350,000 in capital and €150,000 in financial assets. This requirement is added to ensure that applicants applying for this programme are economically self-sufficient.
There are three main requirements which an application is required to satisfy:
- Contribute €2,000 to an approved charity organisation or NGO, and
- Pay a Government Contribution of €68,000 if an applicant purchases a property or €98,000 if an applicant rents a property, and
- Purchase or rent Property (which must be kept for at least five years)
If the property is located in the South of Malta or in Gozo, the property value would need to be at least €300,000 if purchased or €10,000 per annum if rented.
If the property is located in Malta (excluding the South), the property value would need to be at least €350,000 if purchased or €12,000 per annum if rented.
Applicants must therefore choose whether to apply for the MPRP under the rental option or purchase option. Depending which option is chosen, the government contribution varies accordingly.
An applicant may also include in one application the spouse or partner in a long and durable relationship, unmarried and economically dependent children as well as economically dependent parents and grandparents.
Benefits of MPRP
The main benefits of obtaining Maltese residency under the MPRP include the following:
- Malta Permanent Residence Card allowing the right to live indefinitely in Malta.
- Visa-free travel within the Schengen Area.
- The ability to include all the family in one application.
- Residency of a country which is a member of the European Union (EU), Schengen and the Commonwealth.
- Residency in a country with English as its official language.
- High Quality Educational and Health Services.
- Ranked as one of the safest countries in the EU.
Our Malta Immigration Lawyers
CCLEX award-winning Malta Immigration Law Team has successfully represented individuals and families to obtain permanent residence in Malta. We offer advice on the legal & tax implications of taking up residence in Malta under the MPRP. Contact us for more details in relation the new Malta Permanent Residence Programme.
The Malta Permanent Residence Programme was officially launched today by virtue of LN 121 of 2021. This replaces the previous residence by investment programme (MRVP) and aims at introducing stronger ties between the applicant and their new country of residence. While the programme retains several features of the MRVP it has removed the requirement to invest in government bonds and instead introduces a contribution of €2,000 to a charitable organisation.
Eligibility & Requirements of The Malta Permanent Residence Programme
The MPRP is open only to non-EU nationals who can provide evidence that they hold at least €350,000 in capital and €150,000 in financial assets. This requirement is added to ensure that applicants applying for this programme are economically self-sufficient.
There are three main requirements which an application is required to satisfy:
- Contribute €2,000 to an approved charity organisation or NGO, and
- Pay a Government Contribution of €68,000 if an applicant purchases a property or €98,000 if an applicant rents a property, and
- Purchase or rent Property (which must be kept for at least five years)
If the property is located in the South of Malta or in Gozo, the property value would need to be at least €300,000 if purchased or €10,000 per annum if rented.
If the property is located in Malta (excluding the South), the property value would need to be at least €350,000 if purchased or €12,000 per annum if rented.
Applicants must therefore choose whether to apply for the MPRP under the rental option or purchase option. Depending which option is chosen, the government contribution varies accordingly.
An applicant may also include in one application the spouse or partner in a long and durable relationship, unmarried and economically dependent children as well as economically dependent parents and grandparents.
Benefits of MPRP
The main benefits of obtaining Maltese residency under the MPRP include the following:
- Malta Permanent Residence Card allowing the right to live indefinitely in Malta.
- Visa-free travel within the Schengen Area.
- The ability to include all the family in one application.
- Residency of a country which is a member of the European Union (EU), Schengen and the Commonwealth.
- Residency in a country with English as its official language.
- High Quality Educational and Health Services.
- Ranked as one of the safest countries in the EU.
Our Malta Immigration Lawyers
CCLEX award-winning Malta Immigration Law Team has successfully represented individuals and families to obtain permanent residence in Malta. We offer advice on the legal & tax implications of taking up residence in Malta under the MPRP. Contact us for more details in relation the new Malta Permanent Residence Programme.