The Malta Permanent Residence Programme (MPRP) allows non-EU/EEA/Swiss nationals to acquire permanent residency in Malta for a lifetime. In fact, it is one of the most sought-after residency programmes in Europe. Fundamentally, the MPRP is based on property rental or investment and government contribution regulated by L.N. 121 of 2021.
In January 2021, the Malta Residency and Visa Agency announced the launch of a new residency programme called the Malta Permanent Residence Programme (MPRP). Notably, this program replaced the Malta Residency and Visa Programme (MRVP), which closed at the end of March 2021.
Like its predecessor, the MPRP offers foreign nationals an opportunity to get a residency status in Malta. It requires an accredited agent (licensed by the Maltese authorities) to submit all applications.
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What are the Benefits of the Malta Permanent Residence Programme?
The Malta Permanent Residence Programme grants Permanent Residency in Malta under one application to all the successful applicants and qualifying family members for life and aims to attract more foreign investment.
The MPRP has many benefits for successful applicants:
- A Malta permanent residence permit to beneficiary and dependants
- Lifetime visa-free travel within the Schengen area
- The right to reside, settle and stay indefinitely in Malta.
- The ability to apply for European Long Term Residence status
- The possibility of naturalisation as a Maltese citizen after a certain residence period as defined under Malta’s citizenship laws
- The possibility of applying for a work permit under a separate process
- The programme also has no minimum physical stay requirements in Malta, minimising tedious renewals.
- The possibility for the main applicant spouse/partner to add children born or adopted after the approval for the additional investment.
- The possibility for children of the main applicant and/or their spouse/partner who marry to add their spouse/partner and any direct dependants.
Eligibility may also extend to the Applicant’s dependants, including spouses or partners in a relationship, children, parents and grandparents, under specific terms. Read on to know the details about the Malta Permanent Residence Program (MPRP).
What are the Financial Options?
The requirements for Malta Permanent Residency depend on the investor’s option. Both options require government contribution, mandatory charitable donation to a Maltese registered NGO, and real estate investment.
Full Contribution Option
- Contribution to Government: Main applicant - €110,000
- Additional dependants inc. spouse, children, parents and grandparents - €10,000
- Mandatory charitable donation to a Maltese registered NGO - €2,000
- Renting of a residential unit in Malta – The annual lease must be at least €14,000
Reduced Contribution
- Contribution to Government: Main applicant - €80,000
- Additional dependants inc. spouse, children, parents and grandparents - €10,000
- Mandatory charitable donation to a Maltese registered NGO - €2,000
- Purchasing of a residential unit for five years in Malta - €375,000
- The application fee for the main applicant – €50,000, split into manageable stages.
- Government Contribution of €30,000 (purchasing property) or € 60,000 (renting property) depending on the chosen option
Proof of assets – You need to show that you have at least €500,000 in total assets, with €150,000 of that in financial assets. Another option is to show €650,000 in total assets, including at least €75,000 in financial assets.
Timeframe
Learn more about the MPRP process.
In conclusion, let us handle your application. From paperwork to communication with authorities, Endevio can organise and advise you on every step of the application process. Essentially, our immigration law experts and professionals are experienced, and we can ensure that your application conforms to guidelines so that it will be handled by authorities as expediently as possible.
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