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A Complete Guide to the Malta Permanent Residence by Investment Programme

Malta has become one of Europe’s most dynamic economies, making Malta Permanent Residence by investment (RBI) an attractive and convenient option for non-European nationals.

Essentially, in today's day and time, more and more people are willing to seek alternative residency status for better opportunities and stability. Some are even looking to have increased mobility. 

The Malta Permanent Residence Programme (MPRP) helps non-European nationals to acquire permanent residence by investment in Malta. The lifetime status holds many benefits, including visa-free travel to the Schengen countries.

Notably, while the other countries offer various programmes for foreign nationals, the MPRP stands out, especially for non-EU/EEA/Swiss high-net-worth individuals.  

This article will help you gather all the information you require about the Malta Permanent Residence Programme.

Why Malta?

Different people might have different reasons to take up an alternative or second residence. With many countries offering second residence programmes, here are the reasons Why you should choose Malta.

Why should you become a Resident of Malta?

Firstly, Malta is a member of the European Union (EU) and the Schengen Area. Notably, the fast-growing economy is rated A+ by Fitch and A2 by Moody’s, presenting endless opportunities for investors. Also, its geographical location opens many opportunities to non-EU/EEA/Swiss families and business persons.   

Secondly, economic and political stability also guarantees quality life and future. Fundamentally, the island nation’s economic stability provides first-class health services and a top educational system to the people. Therefore, through the Malta Permanent Residence Programme, you can access the country’s top educational system and first-class health services.

In addition, Malta was voted the 2nd safest country in the world in 2020 and is popular for having one of the best climates globally. 

Furthermore, Malta is a member of the (British) Commonwealth. Hence, the country’s base currency is Euro (€), with English as a primary language.  

So we ask, why not Malta? 

Benefits of Permanent Residency in Malta

Everyone who makes a decision to become a resident of Malta is attracted to its natural beauty and architecture; relaxed lifestyle; the affordable cost of living; and its rich historical culture. 

The Malta Permanent Residence Programme aims to jumpstart your life in Malta without the tedious renewals and minimum physical stays. Essentially, the lifetime status allows you to enjoy the following benefits:  

Family Security through Permanent Residency in Malta   

  • Live in one of the safest countries in the world, according to the World Risk Report   
  • Have access to leading health care institutions   
  • Provide world-class education for your children   
  • Immediately feel at home with cosmopolitan roots in family and language   
  • Retain lifetime permanent residency visa for children even after reaching adulthood without reapplying   
  • Remain confidential as there are no name publications  
  • Enjoy personal security for yourself and your family, in case you need to move due to instability in your native country; 
  • Gain the right to purchase a second home. 

Settlement Benefits to Malta Permanent Residency holders

  • The right to indefinitely reside, settle and stay in Malta; 
  • Grow in a progressive country   
  • Live the Mediterranean life   
  • Revel in the warm summers and moderate winters   
  • Easily communicate through English as an official language   
  • Settle down with a practical yet opportunity-rich standard of living   
  • Have infinite profitable investment property options   
  • Live in a pollution-free environment   
  • Affordable yet amazing standard of living; 

Travel Benefits with Malta Permanent Residency Card   

  • Mobility is key. Get visa-free access to the 26 European Schengen areas for a lifetime.
  • No more visa applications or Schengen visa blocks in case of instability.
  • That means no more time-consuming Schengen visa application hassles. 
  • Travel without conflicts with your existing citizenship   
  • Obtain a passport superior to other Golden Visas without the need for renewal 

 advantages of Malta permanent residenceMalta permanent residence and unrestricted entry to schengen countries

Business Benefits with Malta Permanent Residence   

  • Firstly, have your operations based in the European Union’s fast-growing economy and the world’s largest economic zone, rated A+ by Fitch   
  • Secondly, opportunity for unlimited access to the world’s largest economic zone reaching a population of over 500 million people  
  • Additionally, maximise investment options in a stable and booming real estate market
So, by now, we believe that you have a good idea about the benefits that come with Maltese residency. 
 

You might also be interested in the 10 Things To Consider About A Second Residency 

What does the MPRP grant?

Applying for the Malta Permanent Residence by Investment Programme opens more opportunities for non-EU nationals. Once the application is successful, you may have the following:    

  • Ability to apply for long-term residence.  
  • Opportunity for the principal applicant to add children born or adopted after the approval date subject to an additional contribution and successful due diligence checks.  
  • Possibility for children of the principal applicant the spouse and any direct dependents, subject to an additional contribution and successful due diligence checks.
 Become a Permanent Resident of Malta

Requirements for the Malta Permanent Residence Programme

  • Minimum 18 years of age and a non-EU citizen  
  • Be able to invest in necessary amounts to meet qualifying requirements.   
  • Need to maintain and hold the property investment for a minimum of five years   
  • Maintain health and have a clean criminal record   
  • Acquire global health insurance coverage   
  • Submit a record of sufficient funds and proof of assets of at least EUR 500,000, with at least EUR 150,000 in financial assets.  

With the possibility of applying for multi-generations, the principal applicants’ direct dependents may obtain the same benefits of the Permanent Residency in Malta. 

apply Malta Permanent Residence for Multi-generations

Malta Permanent Residence Cost

The MPRP has two investment options for applicants who want to invest in or rent Malta properties. You may opt for the Full Contribution or Reduced Contribution. Regardless of your choice, the lifetime benefits will still be the same.   

Full Contribution Option

  • Contribution to Government - €98,000   
  • Mandatory charitable donation to a Maltese registered NGO - €2,000   
  • Renting of a residential unit for five years in the South of Malta and Gozo - €10,000   

Reduced Contribution   

  • Contribution to Government - €68,000   
  • Mandatory charitable donation to a Maltese registered NGO - €2,000   
  • Purchasing of a residential unit for five years in the South of Malta and Gozo - €300,000   

Moreover, you may opt for the Real Estate option and rent or purchase real estate in other areas of Malta. The minimum rent is €12,000 per annum, and the minimum purchase price is €350,000.   

Malta Permanent Residency Application Process Timeline

How long does it take to succeed in your Malta Permanent Residence Programme application?

Following a careful, efficient process, your certificate of residency in Malta may take months. Follow the step-by-step application process timeline for the Malta PR card 

Step1: Engagement Stage   

  • Initial due diligence checks   
  • Letter of engagement   
  • Optional background verification report  

Engagement Stage Costs:  

  • Variable cost for initial professional fees and background verification report   

Step 2: Compilation and Submission Stage 

  • Collection of documents   
  • Preparation of forms   
  • Submission of application to RMA   

Costs:   

  • RMA Submission Fees for €10,000   
  • Variable cost for professional fees   

Step 3: RMA Processing Stage

  • Start of RMA due diligence   
  • Independent due diligence review   
  • Possibility of clarification requests   

Step4: Approval Stage   

  • Letter of approval issued by RMA   
  • Payment of contribution to RMA2   
  • Fulfilment of government contribution   
  • Fulfilment of qualifying property   

Approval Stage Costs:   

  • Application Administrative Fee of €30,000 and €7,500 for each parent and grandparent   
  • Government Contribution of €28,000 or € 58,000, depending on the chosen option   
  • Mandatory Donation to Maltese registered NGO of €2,000   
  • Qualifying Property, minimum purchase of €300,000 or minimum rent of €10,000 per annum
  • Variable qualifying Insurance, Malta medical insurance   

Step 5: Malta Permanent Residency Stage

  • Certificate of residence issued   
  • Collection of biometric data in Malta   
  • Malta residence card issued   

Step 6: EU Long-Term Residency   

  • Lived in Malta for five years   
  • Proof of stable & regular income   
  • Complied with integration measures   

Download our guide for the definition of costs and additional information.  

Citizenship Rights

Non-EU nationals are granted EU Long-Term Residency (LTR) rights after five years of uninterrupted legal stay in the EU state with a stable and regular source of income, health insurance, and having complied with integration measures. Additionally, the EU LTR brings closer many of the benefits of citizenship, which include:   

  • Access to employment and self-employed activity   
  • Education and vocational training   
  • Social protection and assistance (at least core benefits)   
  • Possibility, under certain conditions, to move from one EU State to another   

The Maltese Citizenship Act (Cap.188) states that a person who has resided in Malta for five years during the seven years preceding the application is eligible to apply for Maltese citizenship.   

Notably, you must have resided in Malta throughout the twelve months immediately preceding the date of application. In addition, you must have also lived in Malta for periods amounting to a minimum of four years during the six years preceding the above period of twelve months.   

Applying for MPRP through Endevio 

In conclusion, Malta’s jurisdiction is an attractive option if you are looking for opportunities to relocate. Applying for the Malta Permanent Residence Programme could be your next best investment. Understand the programme inside out, apply for you and your family, and walk through the whole feasible process with Endevio.  

Endevio is a notable Malta-based firm that delivers excellence and quality in advising high-net-worth clients on their private affairs. Specifically, Endevio’s scope is to help high-net-worth clients design and put in place a unified, holistic and workable structure to hold their assets and manage them in conjunction with other professional advisors.

Through our international presence, we have vast experience in developing and providing holistic services that are suited for each client. 
 
The whole process requires your full cooperation, assuring opportunities and benefits upon completion. Take the first step now. Get in touch with us! Life in Malta awaits you.

Become a Permanent Resident of Malta