The Malta Permanent Residence Programme, referred to as MPRP is a residency-by-investment programme in Malta based on investments in property and government contributions.
This programme builds on the success of MRVP (Malta Residency & Visa programme). Just like it, the MPRP, managed by the Residency Malta Agency, is designed towards reputable third-country nationals, non-EU, non-EEA and non-Swiss who would like to reside and invest in Malta. This is a good opportunity for such beneficiaries since the Maltese islands allow a comfortable living environment in a European Union country with high standards of living.
Moreover, this programme allows them to enjoy Visa-free travel across the European Schengen Area countries (90 out of 180 days), have the right to settle, stay and reside permanently in Malta, as well as penetrate Malta’s real estate market.
Each application which can include up to four generations, must be administered by a registered approved agent.
To participate in the programme, applicants must:
- submit an application via a Licensed Agent
- pay a non-refundable administrative fee of €40,000
- rent a property for a minimum of €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta, or
- purchase a property for a minimum value of €300,000 in the South of Malta/Gozo or €350,000 in the rest of Malta
- pay a Government contribution of €28,000 if purchasing a property or €58,000 if leasing a property
- pay an additional €7,500 for each additional adult dependant (except for the spouse)
- hold the qualifying property for a minimum period of 5 years after which a residential address is required
- make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations
- be in possession of a valid travel document
- take out a sickness insurance policy of cover all risks across Malta
- take out a travel insurance when travelling across Schengen.
To be eligible for the MPRP, applicants should:
- be third country nationals, non-EU, non-EEA and non-Swiss
- not hail from sanctioned countries, as announced from time to time by the Agency
- not benefit under other pertinent regulations and schemes
- be in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta
- show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets
- be fit-and-proper individuals and have a clean criminal record
- not pose any potential threat to the national security, public policy, public health or public interest.
The application process, from the date of submission until when the whole process is completed considering that all required information is handed in a timely manner, takes between 4 to 6 months.