About Malta Permanent Residence Programme (MPRP)
The Malta Permanent Residence Programme (MPRP) is a ‘residency-by-investment’ programme that requires the main applicant to make qualifying investments in Malta. Introduced in March 2021, it enables third-country nationals – non-EU, non-EEA and non-Swiss citizens – to reside, settle or stay indefinitely in Malta. With a four to six-month application processing timeframe, the MPRP provides numerous benefits to applicants who wish to make Malta their home away from home.
MPRP Benefits
Successful applicants to the Malta Permanent Residence Programme receive the following benefits:
Qualification Requirements
To qualify for the MPRP, applicants are required to:
- Establish a Residential Property in Malta, either by
- Renting a property for a minimum of €12,000 per year in Malta, or €10,000 per year in the Southern Region or Gozo; or
- Purchasing a property for a minimum of €350,000 in Malta, or €300,000 in the Southern Region or Gozo.
- Make a Direct Contribution to the Maltese government, either of
- €58,000 if you choose to rent a property in Malta; or
- €28,000 if you choose to purchase a property in Malta.
The direct contribution must be settled within eight (8) months of the issuance of a Letter of Approval in Principle and can be paid in tranches.
- Pay Non-Refundable Administration Fee
Applicants are required to pay a non-refundable administration fee of €40,000. An initial fee of €10,000 must be settled within one (1) month of submission of the application, and the €30,000 balance must be settled within two (2) months of the issuance of the Letter of Approval in Principle.
- Donation to Voluntary Organisation
Applicants are required to donate €2,000 to a local philanthropic, cultural, scientific, artistic, sporting or animal welfare non-governmental organisation (NGO) that is registered with the Maltese Commissioner of Voluntary Organisations.
- Demonstrate sufficient net worth
Applicants must be in receipt of a stable and regular financial income, sufficient to maintain themselves and their dependants, without the need to depend upon the social assistance system of Malta.
The main applicant must demonstrate a minimum net worth of €500,000, of which €150,000 must be in the form of financial assets, such as stocks, bonds, funds or bank deposits.
- Meet the ‘Fit and Proper’ requirement
All applicants must demonstrate that they do not have a criminal record or pose a potential threat to the national security, public policy, public health or public interest of Malta.
- International Health Insurance
All applicants must be covered by a qualifying health insurance policy that provides all risks cover both in Malta and the Schengen Area. Sovereign Insurance Services provides a wide range of qualifying health insurance policies.
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Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.