Why Consider Malta Permanent Residence?
What to Expect from Malta Residency
Now more than ever, successful people worldwide are investing in long-term residence in Malta – and it’s easy to see why. With a stable political climate and a low risk of financial instability, Malta offers a European standard of living within a beautiful Mediterranean setting. The country has been a member of the EU since 2004, and of the Schengen Area since 2007.
The Malta Permanent Residence Programme (MPRP) offers great advantages to individuals and families seeking to operate throughout the European Union Schengen Area. What’s more, the Maltese Government is pro-business, meaning creating a company in Malta is a straightforward process.
There are many factors that make Malta an attractive location. Its legislation and tax system are amongst the most favourable in Europe, as well as boasting low crime rates, a laidback lifestyle, proximity to the sea and 300 days of sunshine.
English is an official language of Malta (alongside Maltese), and is widely spoken. All government forms and documents are produced in English, as well as road signs, restaurant menus, and other important information.
Malta residency extends to spouses, children under 18, children over 18 (as long as they are unmarried and non-economically active), as well as parents and grandparents that are primarily dependent on the main applicant.
Malta Permanent Residence Requirements
To apply for long-term residence in Malta, applicants must fulfil ALL of the following requirements:
The first option to invest in Malta permanent residence involves:
- Making a government contribution of €68,000
- Purchasing a property with a minimum value of €300,000 in the south of Malta and Gozo, or €350,000 in any other area of the country
The second option to invest in Malta permanent residence involves:
- Making a government contribution of €98,000
- Renting a residential property for a minimum annual lease of €10,000 in the south of Malta and Gozo, or €12,000 in any other area of the country
With Option 1 or Option 2, a charitable donation of €2,000 is required.
Before applying to the Malta Permanent Residence Programme, it’s important to take the following considerations into account:
- Whether purchasing or leasing a property, the minimum hold time is five years
- For both options, applicants can add parents or grandparents for an additional €7,500 each
- All applicants must have Malta health insurance
- Applicants must declare that they are in possession of a minimum of €500,000 in capital assets, of which €150,000 must be shown as available liquid assets
To find out more about how to get Malta residency, view the
official government website.
Malta Permanent Residence Application
Prepare application and supporting documents. Submit residency application and initial contribution deposit of €10,000
Government application processing and due diligence
Application approved in principle
Second contribution due of €30,000
Submit proof of requirements satisfied
Third and final contribution payment
Residence cards issued
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