New Citizenship Regulations In Malta
The new Malta Permanent Residence Program (MPRP) has come into force on the 29th of March 2021.
Which are the main changes to the qualifying investment under the new Malta Permanent Residence program (MPRP) regulations?
To qualify for residence under the new Malta Permanent Residence program (MPRP) regulations, successful applicants will need to:
Hold qualifying property, which can be purchased or rented
✓ If purchased, the property value must be a minimum of EUR 350,000 for a property situated in Malta or EUR 300,000 for a property situated in Gozo or the South of Malta.
✓ When rented, the lease value must be for a minimum of EUR 12,000 per year for a property situated in Malta or EUR 10,000 for a property situated in Gozo or the South of Malta.
Make a Government Contribution which amount will depend if the qualifying property is rented or purchased, as it follows:
✓ If the property is purchased, the contribution will be EUR 28,000 plus EUR 7,500 for every parent or grandparent of the principal applicant or spouse.
✓ When the property is rented, the contribution will be EUR 58,000 plus EUR 7,500 for every parent or grandparent of the principal applicant or spouse.
✓ Make a Donation of EUR 2,000 to a local non-governmental organisation registered with the Commissioner for Voluntary Organisations, or as otherwise approved by the Agency.
Also, an administrative fee of EUR 40,000 per application will be due. Upon submitting the application, EUR 10,000 will need to be paid, and the balance (EUR 30,000) upon the file’s approval.
Who can apply for the new Malta Permanent Residence Program (MPRP) regulations?
✓ The principal applicant’s spouse in a monogamous marriage or in another relationship having the same or a similar status to marriage. For the purposes of the MPRP, the term “spouse” shall be gender-neutral;
✓ Children, including adopted, of the principal applicant or his spouse who, at the time of application, are less than 18 years of age;
✓ People over the age of 18 years old, not married, and principally dependent on the principal applicant;
✓ Financially dependent parents or grandparents of the principal applicant or of his spouse; or
✓ Disabled adult children of the principal applicant or spouse.
✓ Regular resources sufficient to maintain themselves without depending on the social
assistance system of Malta;
✓ Sickness insurance policy in respect of all risks typically covered for Maltese nationals;
✓ Assets with a minimum value of not less than EUR 500,000, out of which a minimum of EUR 150,000 shall be in the form of financial assets.
Can applications be rejected under the Malta Permanent Residence Program regulations?
Applications to the Malta Permanent Residence program regulations undergo a stringent due diligence and background check.
Applicants who do not meet the minimum qualifying criteria won’t be approved, with causes for rejection being as follows:
- The principal applicant and, or any of his dependants shall not have had a previous application for a certificate or an application for Maltese citizenship refused;
- It may be the principal applicant, or any of his dependants, shall have a clean criminal background; They must not have been found guilty, or, at the time of the application, being interrogated and suspected, or has criminal charges brought against him/her for any criminal offence, other than an involuntary offence, punishable with more than one (1) year imprisonment.
- The principal applicant, or any of his dependants, shall not be individuals who, at any time, had pending charges or who has been found guilty of any crimes related to:
✓ crimes of terrorism,
✓ money laundering,
✓ funding of terrorism,
✓ crimes against humanity,
✓ war crimes,
✓ crimes that infringe upon such Protection of Human Rights and Fundamental Freedoms as established by the European Convention on Human Rights;
- If the principal applicant, or any of his/her dependents, have been found guilty or have charges brought against him/her regarding any of the following criminal offences:
✓ pedophilia,
✓ defilement of minors,
✓ rape,
✓ violent indecent assault,
✓ inducing persons under age to prostitution, and
✓ abduction; Can applications be rejected under the Malta Permanent Residence program regulations?
Read more about citizenship by investment in Malta.
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