Malta Permanent Residence Programme(MPRP)
Malta Permanent Residence Programme (MPRP)
Being located in the center of the Mediterranean Sea, Malta is famous for its pleasant climate, friendly people, low crime rate, and a high standard of living. It is an attractive place in which to live or own a second home. The Malta Permanent Residence Program offers non-Maltese persons the possibility of acquiring a European residence permit in an EU country and visa-free travel within Europe’s Schengen Area.
Time to residency
10-12 months
Visa-free travel
188 countries and regions
Passport rank
5th in the world
Residency requirement
No residency requirements
Taxation
No worldwide taxation or inheritance tax
Established time
Program launched in 2015
Investment Requirements
To obtain residency in Malta, you need to satisfy following investment requirements:
1. Certificate of € 500,000 assets (including the certificate of €150,000 current asset).
2. Property Purchasing: €300,000 in the South of Malta/Gozo or €350,000 in the rest of Malta.
Property Leasing: €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta.
3. Contribution to the country’s economy:
(1)Purchased real estate: €40,000 application fee to the government + €28,000 donation to the government + €2,000 to NGO = €70,000.
(2)Rented real estate: €40,000 application fee to the government + €58,000 donation to the government+ €2,000 to NGO = €100,000.
4. The principal applicant has a Maltese insurance covering all medical services provided by the hospital at a cost of €30,000, and the annual premium is around €500.
Program Benefits
Being able to include children, parents and grandparents in the application.
No requirement on language skills, education background, or business experience.
Right to stay in the country indefinitely.
Right to work in the country.
