Malta Permanent Residency Program

Key Benefits

Option to apply for a 1-year temporary residence permit. Upon approval in principle and full compliance with program obligations, the temporary permit will convert to a permanent residency certificate.

• Member country of the European Union (since 2004), part of the Schengen area (since 2007) and member of the Commonwealth of Nations (since 1964);
• Free movement within the entire Schengen area;
• One of the safest countries in the world (according to the World Risk Report);
• Exceptional education and health care system;
• Malta is an economically stable country with a credit rating A + showing one of the highest economic growth rates among all EU countries;
• No language requirement and English is an official language;
• The right to reside in Malta without any restrictions and no obligations to reside any minimum number of days;
• Children under the age of 29 can be included as part of the application, provided that they are not married and financial dependants of the main applicant;
• Option to add additional family members after residency certificate has been issued;
• The applicant and his/her spouse can include financially dependant parents as part of the application;
• No age restriction for the financially dependant parents of main applicant and his/her spouse included as part of the application;
• The permanent residence card is issued for 5 years renewable for period of 5 years thereafter.

Non-Refundable Administration Fees

Payable to Malta Residency Agency

Non-refundable administration fee of €60,000 applies in respect of the main applicant:

• €15,000 when submitting application (payment terms: 1 month upon submission).
• €45,000 when the Letter of Approval in Principle is issued(payment terms: 2 months upon Approval in Principle).

An additional non-refundable administration fee of €7,500 for each and every adult dependant (except for the spouse) of the Main Applicant (payment terms: 2 months upon Approval in Principle).

Property Requirement

The qualifying property must be held for a minimum period for 5 years, after which a residential address is required.

PURCHASE OPTION

Purchase qualifying property for a minimum value of €375,000 in Malta or Gozo; The applicants have the right to lease the property to third parties for temporary periods during which they are not present in Malta.

OR

RENT OPTION

Rent qualifying property for a minimum value of €14,000 in Malta or Gozo per annum. The applicants may, with the landlord’s consent, sublet the leased property after the initial 5- year lease period has elapsed.

Direct Contribution

RELATED TO PROPERTY AND PAYABLE TO RESIDENCY MALTA AGENCY

A direct contribution fee of €37,000 is required when the main applicant opts for renting or purchasing a qualifying property. The direct contribution fee must be settled within 8 months following the issuance of a Letter of Approval in Principle.

Other Requirements

• Present evidence of possession of assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets; OR present evidence of possession of assets of not less than €650,000, of which €75,000 must be in the form of financial assets;
• Donate €2,000 to a local registered non-governmental organisation or society;
• Fit-and-proper individuals with clean criminal record;
• Be in possession of a valid passport;
• Purchase health insurance covering all risks in Malta and other European countries for each applicant;
• Annual compliance is to be carried out for the first 5 years;
• A fee of €27.50 per person per year for issuance of residency card.