Malta Permanent Residence Programme (MPRP) is a residence by investment programme aimed at non-EU and non-EEA nationals.
Through the Malta Permanent Residence Programme third country nationals and their dependants willing to invest in the islands of Malta are granted a permanent Maltese residency status, which provides them with the opportunity to reside, settle and live in Malta.
One of the main features of this program is that there are no minimum stay requirements towards the applicant. This gives a privilege to the applicant and his dependants to travel freely within the Schengen area for 90 days in a 180 day period.
Malta Permanent Residence Programme (MPRP) was launched by virtue of the Legal Notice 121 of 2021 and came into force on 29th March 2021. The authority responsible for managing, as well as for promoting the Programme is the Residency Malta Agency.
Benefits of Malta Permanent Residence Programme (MPRP)
Fast processing time – Maltese residency between 4 – 6 months from the submission of a complete and correct application.
The applicant and all family members/dependents will have an EU residence card opening visa-free travel to any country within the Schengen area, for a total period of 90 days within 6 months.
Application may include 4 generations.
All applicants will have the right to reside indefinitely in Malta
The applicant and his/her family can avail the highly reputed health care of Malta which is ranked 5th in the world.
MRVP also gives access to the top-tier British standard Education and English Language schools by residing in Malta.
There is no presence required in Malta.
Eligibility criteria under Malta Permanent Residence Programme
Government Application fees: The main applicant is required to invest EUR 40,000 to the Government of Malta of which EUR 10,000 will be paid on the initial application/registration process and the balance of EUR 30,000 will be invested on the approval of the application.
Dependant Application fee: Additionally, EUR 7,500 must be invested as an application fee per dependent parent/grandparent.
Declaration of Liquidity: The Applicant must have in his/her possession a capital of not less than EUR 500,000, out of which a minimum of EUR 150,000 must be financial assets.
Real Estate Investment: Applicants must purchase or lease a property in Malta of minimum (Qualifying investment must be held for a minimum period of 5 years, after which a residential address is required):
Government Contribution: Additionally to the above, applicants must pay a government contribution of:
- EUR 28,000 if purchasing a property, or
- EUR 58,000 if leasing a property.
Donation to NGO: The applicant must make a donation of EUR 2,000 to a local NGO registered with the Commissioner of Voluntary organizations.
In order to apply for the Malta Permanent Residence Programme (MPRP), one must engage an Accredited Agent, who will be liaising with the Residency Malta Agency and submitting the application on behalf of the beneficiary.
SMM Immigration Department
If you are looking to secure your freedom of movement and seeking a suitable country to call a second home, Malta can be the right choice for you.
Contact SMM Immigration team for personalized guidance and free consultation. We are always available for both face-to-face or online consultations, get in touch with our team and speak with one of our experts today.