The Malta Permanent Residence Programme
Malta is a very attractive location for private residence. The island nation enjoys a stable political climate and is strategically located, with excellent air links. The Malta Permanent Residence Programme 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.
Benefits of Maltese residence by investment
- Residence in an EU country and visa-free access across Europe’s Schengen Area for 90 days out of a 180-day period
- Right to reside indefinitely in Malta
- Investment required only for first five years
- No residence requirement
- Family members included
- Range of top-tier international schools offering various curricula.
The main applicant must be at least 18 years of age to qualify and must provide an affidavit declaring that from the date of the application, they have in their possession capital of no less than €500,000 (€150,000 of which should be in financial assets) or having a value of not less than €650,000 (€75,000 should be in financial assets).
The following application requirements must be met to qualify for the program:
- A property purchase of €375,000 or a lease of €14,000 per annum for a minimum of five years
- A contribution of €30,000 to the Maltese economy
- €60,000 If the residential property is purchased
- A donation to a non-governmental organization of €2,000
- A non-refundable administration fee of €50,000 as well as €10,000 per dependent
Procedures for residence by investment in Malta
The application requirements and procedures for the Malta Permanent Residence Programme are reasonable and straightforward. The application is submitted to the Residency Malta Agency, the government agency responsible for applications. After stringent due diligence checks, successful applicants will be requested to complete the qualifying investments and will then be issued a residence permit. Residency Malta Agency will issue successful applicants with a Maltese residence certificate, which acts as a permit.