The Malta Permanent Residence Programme (MPRP) is a revised and better version of the previous residency by investment programme, which was known as the Malta Residence and Visa Programme (MRVP). As its name entails, the MPRP unlocks the possibility for third country nationals (non-EU nationals) to obtain permanent residence in Malta, subject to the satisfaction of specific criteria, as indicated hereunder.
Who is eligible?
In order to be eligible for the programme, the main applicant must be at least 18 years of age and:
- Be in receipt of stable and regular resources which are sufficient to maintain himself/herself and his/her dependants without recourse to the social assistance system of Malta;
- Must have assets amounting to at least €500,000, out of which a minimum of €150,000 must be in the form of financial assets.
- Be in possession of a valid travel document (same requisite applicable for dependants);
- Possess clean criminal records (same requisite applicable for dependants);
- Demonstrate that s/he does not suffer from a contagious disease or a health condition that could become a significant burden on the Maltese health system (same requisite applicable for dependants)
In addition to the main applicant, the programme also covers (at no additional commitments):
- Children less than 18 years of age
- Unmarried children above 18 years of age who are still dependant on the main applicant
- Parents or grandparents of main applicant or spouse who are still dependant on the main applicant
- Children over 18 years of age who are certified by a recognised medical professional as having a disability in terms of the Equal Opportunities (Persons with Disability) Act
The commitments which are necessary to qualify for this programme are:
- Payment of a non-refundable administrative fee of €40,000 covering all involved parties;
- Payment of a Government contribution fee of €28,000 if purchasing a property in Malta or €58,000 if leasing a property in Malta;
- Acquisition of property in Malta worth at least €350,000 (if North of Malta) or €300,000 (if Gozo or South of Malta). Rather than acquired, property could be rented at a minimum of €12,000 annually (if North of Malta) or €10,000 annually (if Gozo or South of Malta). Property is to be held for a minimum of 5 years, after which a residential property is required;
- A donation of €2,000 to a registered Voluntary Organisation in Malta;
- Sickness Insurance Policy covering all risks across Malta;
- Where applicable, payment of an additional €7,500 for each additional parent or grandparent of the Main Applicant and/or spouse who is principally dependant on the Main Applicant
Why apply for this programme?
There are various aspects which make Malta an attractive location for third country national seeking to obtain an alternative permanent residency location. These include:
- Residence in an EU member state that is neutral, stable and highly respected
- The right to reside, settle and stay indefinitely in Malta
- A very straightforward application process
- Freedom of movement within Europe’s Schengen Area and security within its social and legal system
- Family members can be included
Why KSi Malta?
Being the holders of Agency Licence Number AKM-KSIM-21, KSi Malta is fully accredited and recognised to cater for all of the immigration needs of its client. KSi Malta is also a one-stop shop for any professional service which may be required by the client; in fact, we offer a multitude of other services, including corporate services, tax services, audit services and business consultancy services.