Malta Permanent Residence Programme
Who Can Get Malta Residency
- Over 18 years old
- Not a EU citizen
- No criminal record
- Have health insurance
- Over 18 years old
- Not a citizen of a European Union country
- No criminal record
- Living in the family home
- Financially dependent on you, the investor
- Financially dependent on you, the investor
Malta Permanent Residence Programme Requirements
To qualify for the Malta Permanent Residence Programme (MPRP) , you must fulfil ONE of the following qualifying investments AND meet other requirements:
OPTION 1. Combine a government contribution with a property purchase
Contribute €80,000 to the Government of Malta. You must also buy a property worth at least €375,000 anywhere in the country, including the areas of South Malta and Gozo.
OPTION 2. Make a contribution to the Maltese Government and rent a property
Contribute €110,000 to the Government of Malta. You must also rent a Maltese residential property with an annual lease of at least €14,000 anywhere in the country.
Other Requirements and Benefits
To be eligible for the Malta Permanent Residence Programme (MPRP), you must, firstly, prove you have €500,000 in financial assets, of which €150,000 must be available liquid assets. In addition, all dependents over 18 need an affidavit of support for inclusion.
However, to add parents or grandparents, you will need to pay a €10,000 administration fee for each dependent. You must also keep the property for at least 5 years and make a charitable donation of €2,000 as well.
You must also “make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations.”
This is a low capital outlay compared to other EU residence permit programmes and you can enjoy visa-free travel throughout the Schengen area.
Application Process
Month 1
Malta residency onboarding process
We commence our process, appropriately enough, with Form 1. This enables us to carry out the initial Latitude due diligence. We will then provide you with a Client Agreement (CA). Before we proceed, you will need to review and sign this.
Upon receiving the signed agreement and retainer payment, our case processing team will next complete all necessary government forms. They will also collate the supporting documents. We will also liaise with the real estate professionals and Residency Malta Agency. You will, however, need to make the first contribution of €10,000.
Month 2
Application review and submission
Before submitting your documents, we scrutinize your application to ensure your file complies with Residency Malta Agency’s requirements.
Meanwhile, Residency Malta Agency will undertake its own due diligence and reviews all the paperwork. However, we will continue to work closely with them throughout the process.
Months 4-5
Application approved in principle
You will receive an Approval in Principle Letter from the Residency Malta Agency, which confirms that you have met the eligibility criteria for the Malta Permanent Residency Programme (MPRP).
This letter will allow you to continue with the next steps in the process, such as making the necessary second contribution of €30,000.
Months 6-8
Malta residence card issued
You’ll need to provide proof of property ownership or a rental agreement. In addition, you must make a mandatory charitable donation of €2,000. Then you’ll need to provide the government with your current health insurance policy documentation.
Once these requirements are met, you must make the third and final contribution payment before we can arrange for the issuing of your residency cards.
Contact Us if You Are Looking for a Visa Application
Need a consultation? Call us today +92 300 833 0167 or email us: info@riftrustglobal.com