Malta Permanent Residence Programme (MPRP)
All beneficiaries under the new Malta Permanent Residence Programme (MPRP) shall be issued with a Maltese residence certificate that would entitle them to reside indefinitely in Malta.
On completion of the application process, the Malta Residency Agency will therefore issue a certificate with an indefinite validity, as well as a five-year e-residence card, that would automatically be renewed every five (5) years thereafter.
The residence card would significantly facilitate the process of obtaining a work permit in Malta and would also entitle the holder to travel within the Schengen area, without the need for applying for additional visas.
- be a third country national (TCN) and not a citizen of Malta, the EU, EEA or Switzerland and maintain a health insurance policy;
- be in possession of capital of not less than €500,000, of which a minimum of €150,000 would need to be liquid and readily available.
Phase 1 – Submission of Application
The application would be submitted on behalf of the client and a payment of an initial administration fee of €10,000 would need to be paid to Residency Malta Agency that would cover the costs of the governments due diligence process.
Phase 2 – Due Diligence
The due diligence process is a four-tier process that takes approximately three (3) to six (6) months to complete.Phase 3 – Investments and Contributions Government Contribution.
Upon completion of the due diligence check, the applicant will receive a Letter of Approval in Principle and will be required to make two payments.
The first payment would be a payment of €30,000 which would be paid to Residency Malta Agency to cover administrative costs of the agency.
The second payment would be a direct contribution to the Government of Malta and would be calculated on the basis of whether the applicant is opting to purchase or lease a property.If the immovable property is:
- Leased then the contribution would be €58,000
- Purchased then the contribution would be €28,000
Acquisition of a Qualifying Property in Malta.
In terms of the regulations, a qualifying property is an immovable residential property situated in Malta that is either:
– purchased for a minimum consideration of €350,000 (€300,000 p/a if situated in Gozo or the South of Malta).
– leased for not less than €12,000 per year (€10,000 p/a if property is situated in Gozo or the south of Malta).
Donation to a Philanthropic Organisation
The third and final requirement is a donation of €2,000 to any registered Non-Governmental Organisation in Malta.
Phase 4- Completion and Continuous Obligations
Residency Malta Agency shall issue a certificate of residence once the above investments have been completed and the principle applicant will be able to visit Malta to have his biometrics captured.
The residency of the family will be monitored annually for the initial five (5) years and therefore the agent would need to submit a compliance form confirming that the conditions of the programme continue to be adhered to.
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