Malta PR Program: Benefits, Requirements & Process [GUIDE]
Malta is a go-to destination offering numerous benefits to investors applying for the Malta Permanent Residence Program (MPRP), including but not limited to a stable political and economic environment, favourable tax treatment, and a high quality of life.
A country of beautiful landscapes, great climate, picturesque city centers, and an environment that breeds financial growth and prioritizes the safety of its population, Malta’s program is an affordable option for European residency by investment.
This article will guide you on your journey to Malta, helping you navigate the basics of the Malta Residency by Investment Permanent Residency Program and some of its ins and outs.
Benefits of the Malta Permanent Residency Program
Here’s why it’s a smart move:
- Residency in a European country will provide stability and security for you and your family
- Right to reside in Malta indefinitely (permanent residency certificate is valid for a lifetime)
- Visa-free travel within the Schengen region for 90- days out of 1870-day period
- No residency requirements to maintain residence
- Family members: up to four generations of family members can be included
- Spouse of the main applicant
- Dependent children
- Dependent parents
- Dependent grandparents
- Access to Education and Healthcare: Enjoy free education and healthcare services
- English speaking country
Requirements of the Malta Permanent Residence Program:
- Investment
- A property purchase of €350,000
- Or a property lease of €12,000 per month (€10,000 in South Malta or Gozo) for a minimum of 5 years
- Minimal capital
- Ownership of capital assets valued at a minimum of €500,000, with at least €150,000 in non-cryptocurrency financial assets
- Government contribution
- €28,000 to the Maltese economy if the residential property is purchased,€58,000 if the property is leased
- Administration fee
- A non-refundable administration fee of €40,000
Eligibility For Malta PR Program
- Non-European and non-Swiss resident
- Have a clear criminal record
- Be in good health
- Pass a stringent due diligence process
- Have a valid health insurance policy
Malta PR Application Processing Time
- 4-6 months from application submission
It’s ideal for those looking to establish Malta as their second home.
Through the MPRP, eligible applicants can gain Maltese residency by investing in the country, giving them the right to live and settle there permanently.
How Can I Qualify for the MPRP?
Here’s a brief overview of the MPRP requirements:
In addition to applicant requirements, you must also meet the Financial prerequisites, which demonstrate your ability to sustain yourself in Malta. For example, you must prove ownership of capital assets valued at a minimum of €500,000, with at least €150,000 in non-cryptocurrency financial assets. Moreover, a clean criminal record and the absence of any security threats are mandatory.
Regarding property investment, applicants have flexibility but must either purchase or rent a property, make a non-refundable government contribution, and contribute to a registered charity. This entails satisfying three investment criteria, with property options varying based on location. For instance, rental properties in southern Malta or Gozo require a minimum annual rent of €10,000, while those elsewhere in Malta necessitate a yearly tariff of €12,000.
The MPRP is perfect for individuals seeking to make Malta their home without needing constant physical presence. It’s also a perfect plan B option for those considering relocating from their home country. Once you secure a Maltese residence, you can use it right away or keep it as an option to explore in the future.
This program offers excellent value, promising to process your application in just 4-6 months if everything is in order. It’s ideal for those looking to establish Malta as their second home.
Through the MPRP, eligible applicants can gain Maltese residency by investing in the country, giving them the right to live and settle there permanently.
This program is open to non-EU nationals and their dependents. Successful applicants receive a Maltese residence permit, allowing them to travel freely within the Schengen Area and live indefinitely in Malta.
In a Nutshell About Malta Permanent Residency Program
Nestled in the heart of the Mediterranean Sea, Malta boasts 300 sunny days a year, attractive taxes for foreigners, and a relaxed lifestyle right on the doorstep of mainland Europe.
Malta has a vibrant international community, including entrepreneurs, investors, and expat families, all drawn to its undeniable charm. This island also welcomes businesses and entrepreneurship in addition to leisure.
With just over 500,000 residents, Malta packs a powerful economic punch. Its business-friendly environment and thriving export economy in goods and services attract substantial investment, making it a dynamic and prosperous destination.
Obtaining Maltese residence opens doors to investment opportunities and benefits from a tax-friendly environment for personal and corporate matters. If you ever decide to visit or even relocate, Malta offers a welcoming and charming atmosphere with a diverse international community that will make you feel right at home.
Malta Permanent Residency Program
The steps you need to take to enjoy everything Malta has to offer have to be carefully planned out at the stage of collecting documents.
At Fast Passport Boutique, Jane Katkova and our team members have acquired extensive experience in citizenship and residency programs.
ess of numerous affluent entrepreneurs, developing unique strategies for our client’s success. We are taking the guesswork out of the equation and getting you the global mobility you deserve.
Overview of Malta:
Nestled in the heart of the Mediterranean Sea, Malta boasts 300 sunny days a year, attractive taxes, and a relaxed lifestyle right on the doorstep of mainland Europe.
This island is a safe, low-crime haven that welcomes businesses and offers plenty of opportunities for both work and leisure. It’s no wonder there’s a vibrant international community in Malta, including entrepreneurs, investors, and expat families, all drawn to its undeniable charm.
Despite its small size, with just over 500,000 residents, Malta packs a powerful economic punch. Its business-friendly environment and thriving export economy in goods and services attract substantial investment, making it a dynamic and prosperous destination.
Obtaining Maltese residence opens doors to investment opportunities and benefits from a tax-friendly environment for personal and corporate matters. If you ever decide to visit or even relocate, Malta offers a welcoming and charming atmosphere with a diverse international community that will make you feel right at home.
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