Wednesday 31 January 2024

MALTA RESIDENCY PROGRAM (MPRP)

 


Background and Guide - Malta Permanent Residence

The Republic of Malta, a full EU member since 2004, is strategically located to provide services to the international community. Malta an English-speaking country, has built upon the commercial laws of England and now the EU, to position itself as a premier family wealth, corporate and financial services jurisdiction.

With robust, competitive taxation rules, Malta has achieved sustained economic growth. Such growth is not solely the result of Malta's tax and fiscal policies, but there are other important factors such as a multilingual workforce, lower labour costs, a strategic location and a sound telecommunications infrastructure. As a result, there has been an influx of interest from investors, high net worth individuals and corporations, who desire a stable, reputable environment in which to structure their personal and corporate affairs - as well as to reside.

Now in 2024, it is possible to apply for High Net Worth Immigration to Malta (Malta Residency by Investment) to acquire Malta Permanent Residency (Malta Golden Visa), which allows the applicant and his family to live, work, and study on the incredible island of Malta through Purchase or Rental of Property (Real Estate in Malta) and a financial contribution! Contact our Malta Immigration Consultants and Lawyers by telephone or visit us in our offices in Brisbane, Australia, Singapore, Hong Kong, London, UK and Lisbon, Portugal.

To be eligible for the Malta Permanent Residency Programme (MPRP), the Applicant must meet the following criteria:

1. Licensed Agent - Submit an MPRP application via a Licensed Agent, who is listed on Residency Malta Agency's website 'List of Agents'. Note that VisaConnect co-operates with Malta Lawyers, who are Licensed Agents.

2. Administrative Fee - Main Applicant must pay a non-refundable administrative fee of €40,000.

3. Government Contribution - Main applicants must pay a Government Contribution of €28,000 if purchasing a property or €58,000 if leasing a property. In addition, there will be a contribution payable by each additional adult dependent of €7,500 and €5,000 Euros for each child, over 18 years of age.

4. Philanthropic Donation - Make a donation to a local Malta philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations for €2,000 Euros (main applicant only).

5. Property Investment - The rates under the MPRP program have increased to €350,000 Euros for a purchase in the northern and central parts of Malta, and €300,000 in the South of Malta or Gozo. Alternatively, rent a property for a minimum of €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta, as previously.  

See our web page:

Malta Permanent Residency Program (MPRP) - VisaConnect

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