MALTA PERMANENT RESIDENCY PROGRAMME (MPRP)
Table of Contents
Background and Guide - Malta Permanent Residence
The Republic of Malta, a full EU member since 2004, is strategically located to
provide services to the international community. Malta an English-speaking country,
has built upon the commercial laws of England and now the EU, to position itself as
a premier family wealth, corporate and financial services jurisdiction.
With robust, competitive taxation rules, Malta has achieved sustained economic
growth. Such growth is not solely the result of Malta's tax and fiscal policies,
but there are other important factors such as a multilingual workforce, lower
labour costs, a strategic location and a sound telecommunications infrastructure.
As a result, there has been an influx of interest from investors, high net worth
individuals and corporations, who desire a stable, reputable environment in which
to structure their personal and corporate affairs - as well as to reside.
Now in 2022, it is possible to apply for High Net Worth Immigration to Malta (Malta
Residency by Investment) to acquire Malta Permanent Residency (Malta Golden Visa),
which allows the applicant and his family to live, work, and study on the
incredible island of Malta through investment in Malta Bonds, Purchase or Rental of
Property (Real Estate in Malta) and a financial contribution! Contact our Malta Immigration Consultants and
Lawyers by telephone or visit us in our offices in Brisbane, Australia, Singapore, Hong Kong, London, UK and
Why apply for Malta Residency by Investment, in 2022?
- EU Country - Since 2004, Malta has been a member of the European Union
(EU) and OECD and is a highly respected country. Citizenship of Malta offers the
right to live, work and study in any of the 28 EU countries and Switzerland.
Also, you can benefit from Free movement of People, Goods, Services and Capital,
within the EU.
- Location - Near Italy, and 2 hours flight time to Germany, and 3 hours
flight to London, UK.
- Banking System - A+ Credit Country Rating by Poors, Moodys and Fitch.
Rated as the 10th Soundest Banking system in the world.
- English language - English is an official language.
- GDP - The economy of Malta grew 9.7% year-on-year in the third quarter of 2021, down from an upwardly
revised 14.9% growth in the previous quarter which was the highest expansion in 20 years.
- Low Unemployment Rate - In 2020, the unemployment rate in Malta was at approximately 4.09 percent, compared to EU 6.7%, as at September 2021.
- Work Permit - Resident may apply for Work Permit, under ordinary
- No World-wide Taxation - Income arising in Malta or foreign income
brought into Malta is subject to ordinary tax rules of Malta (progressive income
tax bands). Income not received in Malta is not taxed in Malta (0% tax on foreign
capital gains). Malta has over 70+ Double Taxation Treaties.
- Residency Requirements - Allowed an absence of 6 consecutive months or
10 months in 5-year period.
Eligibility Criteria - Malta Permanent Residency by Investment Program
On 12 January 2021, the Malta Government
launched a new permanent residency by investment program for
non-EU nationals, effective 29 March 2021. The new permanent residency program, will be named the Malta
Permanent Residency Programme (MPRP), and it will replace the successful Malta Residence and Visa Program (MRVP)
which was launched in 2016.
To be eligible for the new Malta Permanent Residency Programme (MPRP), the
applicant must meet the following criteria:
1. Government Contribution
- Main applicants
are charged €98,000 for administrative fees
and a contribution if they
rent a property. These fees are reduced to 68,000 for main applicants
who purchase a property. In addition, there will be a contribution payable by
each dependent in the amount of €7,500 and €5,000 Euros for each child,
over 18 years of age.
2. Philanthropic Donation
- The MPRP program requires a donation to a Maltese-registered
NGO in the amount of €2,000 Euros
(main applicant only).
3. Property Investment
- The rates under the MPRP program have
increased to €350,000 Euros
for a purchase in the northern and central
parts of Malta, and €300,000 in the south or Gozo.
Rental rates are to
4. Income or Asset Documentation
- Under the previous MRVP program, the main
applicant had the option to demonstrate either a minimum annual income of
€100,000 or €500,000 in personal assets. The new MPRP program is
expected to eliminate the proof of income option, while retaining the
€500,000 proof of asset
obligation with a new requirement of
€150,000 of total assets
being available as liquid funds.
5. Securities Investment
- Under the old MRVP program, the main applicant
was required to make a refundable investment of at least €250,000 into
government-approved securities to be held for 5 years. The new MPRP program will no
longer have this requirement.
6. Financing Option
- No financing option will be available under the new
7. Third Country National
- The applicant cannot be from the EU, EEA or a
Swiss national. In addition, the applicant cannot be benefiting from any other
Maltese tax or residency programme.
- The main applicant must be at least 18 years of age.
9. Fit and Proper Test
- As part of the Malta Permanent Residency Programme
(MPRP), there is a four-tier due diligence process carried out directly by the
government to assess candidates comprehensively. Applicants must have a clean
criminal record, and the Malta government conducts extensive criminal checks with
INTERPOL, the International Criminal Court, and various other sources and
authorities. As part of the due diligence process, applicants must also provide a
police certificate before they will be approved for European citizenship.
10. Excellent Health
- Applicants must prove that they do not suffer from
any contagious diseases. All applicants must also be covered by an 'all-risks' EU
wide health insurance policy.
11. Valid Travel Document
- The Applicant must have a valid travel document
(Passport) for himself and his dependents.
- The Applicant can include dependents in their visa
application, including: Spouse, Child (and adopted) under 18 years, Unmarried child
18-26 years, and Parents and Grandparents.
Benefits of Malta Permanent Residency Program (MPRP)
The benefits of the Malta Permanent Residency
Program (MPRP) are as follows:
- Indefinite Residence - Offers third country nationals and their
dependents indefinite residential status in Malta
- Right to travel in all Schengen Area - travel within 26 Countries,
- Four Generation Program - Spouses, children under the age of 18,
unmarried children (No age limit), parents and grandparents
- Married Children - If children marry after they obtain card, wife can
also apply for indefinite Residential status
- No Residence requirement - Immediately receive an indefinite residence
permit without living there, after just a 1 day visit
- Indefinite Permanent Residence Card - The MPRP is the only Permanent
Residency Program in Europe or Worldwide that guarantees an Indefinite Permanent
Residence Card for the Applicant's children and their children
- Low entry costs
- No requirements for business, language, education background, age,
- No language test
- Only invest after receive Approval Letter in Principle
- Safe and secure - A+ credit score Government bond
- Fast and transparent process - 8 - 10 months to get the
Malta Citizenship by Investment and Property Purchase Assistance
For assistance in applying for the Malta Citizenship by Naturalisation for
Exceptional Services, eligibility criteria, and how our Immigration Consultants can assist you, and
assistance to buy a Property in Malta, click on the following VisaConnect website pages: