Malta Permanent Residence Programme
Malta, known for its stable political environment and strategic location, offers a compelling option for those seeking residency in Europe. The Malta Permanent Residence Programme allows non-Maltese individuals to acquire a European residence permit, providing visa-free travel within the Schengen Area.
Benefits of Maltese Residence by Investment
- Residence in an EU country with visa-free access to the Schengen Area for 90 days out of every 180 days.
- Right to reside in Malta.
- Investment required only for the initial five years.
- No specific residence requirement.
- Family members can be included in the application.
Requirements of the Malta Permanent Residence Programme
- The main applicant must be at least 18 years old and must provide an affidavit declaring possession of at least EUR 500,000 in capital, with EUR 150,000 in financial assets.
- Property Purchase: EUR 350,000 (EUR 300,000 in South Malta or Gozo) or Property Lease: EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo) for a minimum of five years.
- Contribution of EUR 28,000 if the property is purchased, or EUR 58,000 if the property is leased.
- Donation of EUR 2,000 to a non-governmental organization.
- Administration fee of EUR 40,000 (Non-refundable).
Procedures and Time Frame
- Submit the application to the Residency Malta Agency, the government body overseeing the process.
- Undergo rigorous due diligence checks.
- Upon successful completion, fulfill the investment requirements.
- Receiving of Maltese residence certificate, which will acts as residence permit.
The process is designed to be straightforward, with the Residency Malta Agency managing all aspects of the application and issuance of residence permits.
Frequently Asked Questions (FAQ)
What is the Malta Permanent Residence Programme?
The Malta Permanent Residence Programme allows individuals and their families to obtain permanent residency in Malta through significant economic contributions.
What types of investment options available for the Malta Permanent Residence Programme?
Investment options include:
- Buying or leasing a residential property
- Contributing to the Maltese economy
- Donating to a non-governmental organization
What are the advantages of acquiring Maltese residence through investment?
Benefits include the right to live indefinitely in Malta, visa-free travel within the Schengen Area, and residence in a stable and respected EU member state.
What is the investment requirement for the Malta Permanent Residence Programme?
The minimum investment starts at EUR 175,000, which includes various capital requirements such as property investment, contributions, and fees.
How long does the application process take?
The processing time is typically in between four to six months.
Is it possible to include family members in the application?
Yes, that’s correct. Under the Greece Citizenship by Investment Program, the main applicant can include:
- Spouse: The applicant’s partner.
- Dependent Children: Children who are financially dependent on the main applicant and are in full-time education.
- Dependent Parents: Parents who are financially dependent on the main applicant.
What are the residency requirements?
Applicants must establish residence in Malta for at least 12 months before obtaining permanent residence.
What documents are required to apply?
Required documents include a valid passport, proof of investment, health insurance, a clean criminal record, and other supporting documents.
Is it possible to acquire Maltese citizenship through the Permanent Residence Programme?
Yes, investors who maintain their residence for five years may be eligible to apply for Maltese citizenship.
How to apply to the Malta Permanent Residence Programme?
Applicants must make a qualifying investment, submit their application with the necessary documents, and undergo a due diligence process.