Malta permanent residence

MPRP in Malta for an investor

The Permanent Residence Permit for Investment programme is an option available in Malta since 2016. It allows foreign nationals and their families to obtain a residence card by property purchase.

To participate in the permanent residence programme in Malta, the applicant has to make several contributions:

1. Property investment. The investor must purchase a house or flat for at least €300,000. Long-term rental property worth €12,000 per annum or more is also acceptable.
2. Contribution to a public fund. In addition, a one-time contribution to the fund needs to be paid: €28,000 if the property is purchased as a freehold and €58,000 if it is rented.
3. Administration fee. A one-time fee of €40,000 needs to be paid.
4. Charity contribution. A donation of €2,000 to charity to one of the organisations approved by the state.

The programme allows you to include in the application:

• A spouse or partner.
• Children under age 26 who are financially dependent on a parent.
• Parents and grandparents provided they financially rely on the applicant.

Residency status must be confirmed every 5 years.

Important points:

• The investor must have an insurance policy with coverage of €30,000 or more.
• In addition, a foreigner must also prove financial solvency: assets worth at least €500,000 must be held, including €150,000 in the form of shares, bonds or a deposit.
• Maltese permanent residence allows investors and their families to reside, work, and receive education and medical services in the country.

Permanent residence requirements in Malta

The following conditions apply to the candidate:

• 18 years of age and older.
• No criminal record.
• Health insurance for EU countries.
• Legal income.
• Willingness to buy a house worth €300,000 or rent an apartment/house for 5 years with an annual cost of at least €12,000.
• Having €500,000 worth of assets, including at least €150,000 in the form of shares, bonds or deposits.
• Contributing to charity and a public fund.

Documents for applying for permanent residency in Malta

It is required to collect a package of documents:

1. A completed application form.
2. Certified copy of the passport.
3. Birth and marriage certificates (for relatives, if available).
4. Certificate of no criminal record.
5. Health insurance policy.
6. Proof of residence (utility receipt).
7. Proof of financial solvency.
8. Proof of rent or purchase of an apartment/house.

Cost of permanent residence permit in Malta starts from €150,000

The lower threshold for spending under the Malta permanent residence programme starts from €150,000:

• Property investment. To buy a home, the minimum amount is €300,000 for the southern regions and Gozo and €350,000 in other cases. If you plan to rent a property, you will need to find a house or flat costing from €12,000 per year. You will have to pay the contract for 5 years of residency at once.
• Donation to a public fund. The amount of the donation is €28,000 if you get residence by buying a house and €58,000 if you rent a flat or a house.
• Administrative fee. A one-time fee of €40,000 covers the application processing costs, Due Diligence check and other administrative procedures. Of this amount, €10,000 is paid at the time of application and the remaining €30,000 is paid after preliminary approval.
• Charitable contribution. The investor also contributes funds from €2,000 to one of the Maltese government-endowed charities.
• Additional costs. In addition, you will have to pay for a lawyer, translation of documents, and insurance policy.

You can apply for a residency in Malta or apply for citizenship. The second option is also available if you buy or rent a property, but the cost of investment is higher, starting from €690,000.