guidelines and applications

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Malta Permanent Residence Scheme

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Malta MPRP - Cost Effective EU Residency

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Malta’s new Permanent Residency Programme (MPRP) has fast become a popular choice with Golden Visa investors since it was remodelled in March 2021. The new programme offers one of the most cost-effective and quickest routes to gain permanent residency in a key EU country. 

This MPRP programme is the ideal solution for an individual or family looking for a second residency visa which will enhance their visa-free access and links to the EU, or as a ”Plan B” solution. A Permanent Residency visa in Malta could eventually lead to citizenship, however, the terms for this are extremely stringent and the process could take many years through this route and full-time residency would also be required.

Alternatively, if you have a larger budget then you could consider the direct Malta Citizenship by Investment programme (MEIN) which requires a minimum investment of €690,000, plus fees.

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MPRP – MALTA INVESTMENT VISA BREAKDOWN 

• Government contribution of €98,000

• Mandatory charitable donation to a Maltese registered NGO of €2,000

• Enter a five-year property rental agreement for a minimum of €10,000 p.a.

• Legal and Processing Fee €30,000

   Total Cost €180,000

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Investment

 

Option 1 : Contribute EUR 98,000 to the Government and rent a residential property in Malta for a minimum annual lease of EUR 10,000 in the South of Malta and Gozo or EUR 12,000 in any other area of the country. • • For both options applicants have the ability to add parents or grand-parents for an additional contribution fee of EUR 7,500 each. Whether purchasing or leasing a property the minimum hold time is five years, either route will also require a mandatory charity donation of EUR 2,000

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Option 2 : Contribute EUR 68,000 to the Government and purchase a property with a minimum value of EUR 300,000 in the South of Malta and Gozo or EUR 350,000 in any other area of the country. The primary applicant must be at least 18 years of age to qualify for the MPRP. They must declare that they have in possession a minimum of EUR 500,000 in capital assets, of which, EUR 150,000 must be shown as available liquid assets. An application can include all minor children up to the age of 18, adult children over 18 years if they are financially dependent upon the main applicant and are not married; and parents or grandparents of the main applicant, who can also prove they are economically dependent. All dependants over the age of 18 years require an affidavit of support for inclusion within the application. The main applicant and any dependants must have a clean personal background with no criminal record and must be in good health with Malta health insurance in place.

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BENEFITS OF MALTA PERMANENT RESIDENCY

• Life-long permanent residency and applications approved within 3-4 months;

• Spouse, dependent children, dependent parents (no age restrictions) can all be included; Residence extends to spouse, children under 18, children over 18 as long as they are unmarried and non-economically active, as well as parents and grandparents that are primarily dependent on the main applicant. 

• No minimum stay requirements;

• No tax obligations for non-residents;

• Visa-free travel to all countries in the EU Schengen zone;

• Access to leading Healthcare facilities, allowed to live and work in Malta, and to buy property as a Maltese resident;

• University studies in Malta can be free of charge;

It is important to note that all applicants must have a clean criminal past and a net worth of €500,000. Contact La Vida’s experts today for more detailed information and find out if you meet the criteria for Malta’s Permanent Residency Programme.

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The 1988 Malta Permanent Residence Scheme was designed to attract affluent individuals and their families to take up permanent resident status in Malta. The scheme is especially attractive to retirees, authors, intellectuals and international consultants, entrepreneurs or simply persons seeking to establish an alternative residence that suits their lifestyle and tax profile.

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Financial Eligibility

The financial qualifications are easy to satisfy and permanent residents are entitled to the following benefits:

• No minimum stay requirements

• A low annual tax liability;

• No world-wide income/wealth tax - tax only paid on income remitted to and kept in Malta

• No proof or declarations of wealth is necessary.

• No need to purchase property - rent is also acceptable.

• No minimum investment requirements.

• No Inheritance/Wealth Taxes

 

Our Permanent Residence Services

Our Malta partners are the oldest immigration specialists in Malta. We have successfully represented individuals and families ranging from expatriate retirees, emigrants seeking employment, to HNW individuals.

As advocates, our Malta partners are registered authorised mandataries according to law and our firm is authorised by the Maltese immigration and tax authorities. We are able to advise you on the tax and legal implications and requirements of the residence application process and indicate expected time frames based on the specific circumstances and nature of your application. Our advice covers the rules applicable to immigrating to Malta as well as practical relocation assistance ranging from transportation and insurance to schooling and health insurance coverage.

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                              *          *            *

The Malta Residency and Visa Programme, was launched by the Parliamentary Secretary for Competitiveness and Economic Growth, Dr. Jose’ Herrera, in 2015. Following the passing of relevant legislation in July 2017, the Malta Residence and Visa Agency (MRVA), was entrusted with the regulation and running of the Malta Residence.

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This programme falls under the Immigration Act and is available for applicants who are third country nationals, along with their dependants (i.e. Spouse, children, parents and parents-in-law). This excludes EU/EEA AND Swiss nationals.

The applicant must not be under the Residents Scheme Regulations, the High Net Worth Individuals (EU/EEA/Swiss Nationals Rules), the Malta Retirement Programme Rules, the Residence Programme Rules, the Qualifying Employment in Innovation and Creativity Rules or the Highly Qualified Persons Rules.

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For an applicant to qualify for the Malta Residence and Visa Programme, prior to receiving the Residency Certificate, he/she has to meet the following qualifications and requirements:

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1.    Be at least 18 years of age

2.    Has an annual income of not less than €100,000 arising outside of Malta, or has in his possession a capital of not less than €500,000

3.    Has stable and regular resources which are sufficient to maintain him/herself and any of his/her dependants

4.    Be in possession of valid travel documents

5.    Be in possession of health insurance in respect of all risks covered for Maltese Nationals

6.    Be in possession of a Clean Police Conduct from one’s birth place as well as any country the applicant and his/her dependant/s have resided in for longer than 6 months in the past 10 years.

7.    Has to Provide a certificate from a reputable health system proving that Main Applicant and all his / her dependants are otherwise in good health and will not be an unreasonable burden on the national health system

8.    Has to a non-refundable Initial Fee of €5,500 that is to be settled upon submission of application

9.    An additional €5,000 is to be submitted per dependant (excluding children of main applicant and/or the spouse)

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Once the Residency Certificate is approved, the applicant is to meet the following criteria:

1.    Pay the remaining contribution fee, amounting to €24,500, plus €5,000 per additional adult applicant, if applicable

2.    Pay card fees amounting to €27.50 per person per year

3.    Hold a qualifying property for a minimum of 5 years from the date of issuance of the Residency Certificate, either through the:

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• Option 1 :  MRVP either renting or purchasing option:

• Malta Residence and Visa Programme (update on 13th january 2021)

 

                                                           Property Rental Option €     Property Purchase Option €

 

Contribution to Government                              98,000                                 68,000

MA, SP and Minors € 30,000

Per Adult Dependent € 7,500

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Minimum Property Rental or Purchase*            50,000                               300,000

over 5-year period

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Minimum Selected Investment Requirement*  250,000                              250,000

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Residence Card Fees                                               28                                       28

Per Applicant € 27.50

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TOTAL                                                               153,028                              373,028

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*The funds used for the property purchase option (€270,000), the selected investment requirement (€250,000), as well as any profits from the sale of such property and investments are redeemable after 5 years.

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Option 2 :  MRVP USING FINANCIAL OPTION ​

 

We have partnered with a Financial institution whereby they would buy the €250k bonds on behalf of the client for a fixed fee.

We are marketing it as a one lump sum cost of €152k (which would include the five year rental requirement)

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