The Malta Permanent Residency Programme (MPRP) allows non-EU/EEA/Swiss nationals to acquire permanent residency in Malta for a lifetime. It is one of the most sought-after residency programmes. The Malta Permanent Residency Program (MPRP) is based on property investment and government contribution regulated by L.N. 121 of 2021.
In January 2021, the Malta Residency and Visa Agency announced the launch of a new residency program called the Malta Permanent Residency Programme (MPRP). This program replaced the Malta Residency and Visa Programme (MRVP), which closed at the end of March 2021.
Like its predecessor, the MPRP offers foreign nationals an opportunity to get a second residency in Malta. All it requires is an accredited (agent with Maltese authorities) to submit all applications.
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What are the Benefits of the MPRP?
The MPRP grants Permanent Residency in Malta under one application to all the successful applicants and qualifying family members for life and aims to attract more foreign investment.
The MPRP has many benefits for successful applicants:
- A Malta permanent residence permit to beneficiary and dependants
- Lifetime visa-free travel within the Schengen area
- The right to reside, settle and stay indefinitely in Malta.
- The ability to apply for Long Term Residence status
- The possibility of naturalisation as a Maltese citizen after a certain residence period as defined under Malta’s citizenship laws
- The possibility of applying for a work permit under a separate process
- The programme also has no minimum physical stay requirements in Malta, minimising tedious renewals.
- The possibility for the main applicant spouse/partner to add children born or adopted after the approval for the additional investment.
- The possibility for children of the main applicant and/or their spouse/partner who marry to add their spouse/partner and any direct dependants.
Eligibility may also extend to the Applicant’s dependants, including spouses or partners in a relationship, children, parents and grandparents, under specific terms.
Read on to know the details about the Malta Permanent Residency Program (MPRP).
What are the Financial Options?
The requirements for Malta Permanent Residency depend on the investor’s option: Full Contribution or Reduced Contribution. Both options require government contribution, mandatory charitable donation to a Maltese registered NGO, and real estate investment.
The two investment options are:
- Full Contribution
- Reduced Contribution
Rent a residential unit for five years in the South of Malta and Gozo for € 10,000
Purchase a residential unit for five years in the South of Malta and Gozo for €300,000
There is also the option to rent or purchase real estate in other areas in Malta. The minimum rent is €12,000 per annum, and the minimum purchase price is €350,000.
It takes less than a year to become a resident of Malta through investment. A relocation could be available in as quickly as four months.
You are not required to be present in Malta before getting the application approved, but you must make the necessary investments and purchase or lease property.
Learn more about the MPRP process.
Let us handle your application. From paperwork to communication with authorities, the Integritas Group can organise and advise you on every step of the application process. Our immigration law experts and professionals are experienced, and we can ensure that your application conforms to guidelines so that it will be handled by authorities as expediently as possible.