The new Malta Permanent Residence Programme (MPRP) has been launched and is now accepting applications.
The Maltese Government has published the Malta Permanent Residence Regulations about the acquisition of Maltese permanent residency. The new Programme replaces the previous Malta Residence and Visa Programme (MRVP).
MPRP grants successful applicants and their family members a permanent residence status in Malta.
What are the changes?
The old MRVP required €250,000 investment in government bond and a government contribution of €30,000.
The new Malta Permanent Residence Programme requires contributing to Malta's economy through an investment in real estate (rental or purchase), a contribution to the Government of Malta and a charitable institution:
- Government Contribution: €68,000 when purchasing a property or €98,000 when renting a property.
- Charitable Donation: €2,000 to a registered charity or NGO
- Property Investment:
- Rental: Minimum €10,000 if the property is located in Gozo or the South of Malta or a minimum of €12,000 (if the property is located in Central or Northern Part of Malta) or
- Purchase: Minimum €300,000 if the property is located in Gozo or the South of Malta or a minimum of €350,000 (if the property is located in Central or Northern Part of Malta).
What are the benefits?
- Live, work and stay in Malta your whole life
- Visa-Free Travel within the Schengen Area
- You can apply for Maltese citizenship through naturalisation after 5 years of residing in Malta and evidence of a genuine link
- You can include your, dependent and unmarried children with no age limit and dependent parents and grandparents
- Investment in a sound real estate market
- Access to high-quality medical facilities.
- There is no need to stay in Malta.
- Malta offers smart taxation.
How long does it take to get the Maltese permanent residence permit?
From the Government’s side, there is a renewed commitment towards increased efficiency, with a targeted processing time of 6-8 months.
How to get a permanent residence permit in Malta?
If you are interested in this excellent option, please contact us.