Quality of Life and the Malta Permanent Residency Program

The Malta Permanent Residency Program is suitable for nature lovers and citizens who cannot benefit from citizenship programs because their countries do not accept dual citizenship.

The Malta Permanent Residency Program is an effective way for wealthy and business people from the Middle East and North Africa to obtain Schengen residency in a suitable period of time.

You can obtain the Malta Permanent Residency Program with your spouse, children, parents and grandparents after making a one-time contribution to the country and then renting or purchasing a property after which you will be granted a lifetime residency in Europe without the need to renew it or actually reside in Malta.

About Malta and the Malta Permanent Residency Program

The Malta Permanent Residency Program known as (MPRP) was established in 2015 and is considered the least expensive European residency program. The most important advantage of the Malta Permanent Residency Program is that after obtaining the Malta Permanent Residency, you will not need to obtain a Schengen visa and you will be allowed to live, work and study in Malta or in any other Schengen countries.

Malta is a European country located on the Mediterranean Sea and consists of 3 inhabited islands, Malta, Gozo and Comino, and a group of uninhabited islands. It is one of the smallest and most densely populated countries in the world, as it is among the 10 smallest countries in the world in terms of area and the fifth smallest country in terms of population. It is not far from countries such as Italy, Tunisia and Libya. Its capital is Valletta and its official languages ​​are English and Maltese.

Malta is one of the European Union countries and its currency is the Euro. The country has beautiful landscapes mixed with history and a desirable climate that is warm in the summer and mild in the winter and is famous for the fact that the sun almost never sets there. It is a politically and economically stable country.

Returning to the Malta permanent residency, it is worth noting that Malta does not require its residents to actually reside in the country, but you can visit or live in this beautiful country whenever you want, and you can keep your investment for only 5 years and then you have the right to recover your money from reselling it.

As an entrepreneur, you can open offshore companies there and benefit from tax exemptions that require you not to pay any tax as long as the income is foreign. It will also make it easier for you to reside for 90 days out of every 180 days in Schengen and thus conduct business in all 26 EU countries.

Living cost after getting the Malta Permanent Residency

The cost of living for those interested in the Malta Permanent Residency is fairly moderate, as you can live in this beautiful country and study at a high level with fees that are not considered expensive, as the monthly rent for an apartment is about 550 euros, which is considered one of the least expensive areas in the beautiful Mediterranean.

In addition to rental prices, the monthly cost of services is about 100 euros with the Internet, the monthly subscription to the metro is about 25 euros, and the taxi fare for a distance of 10 kilometers is about 13 euros. As for entertainment, the cost of a basic meal is about 10 euros, a cinema ticket is 10 euros, and the price of a cup of coffee is about 2 euros.

It is a strange paradox for those interested in the Malta permanent residency program that the English language is sufficient in this country, it is characterized by more than 300 days of sunshine a year, it allows a foreign driving license for a full year, public health care is free for holders of the Malta Permanent Residency, and Malta is characterized by being safe.

Investment required to obtain the Malta Permanent Residency

To obtain the Malta Permanent Residency, there are two options, the first is to contribute 68 thousand euros to the Maltese government and purchase a property worth 300 or 350 thousand euros.

The second option to obtain the Malta Permanent Residency is to contribute 98 thousand euros to the Maltese government and rent a residential property with an annual contract of either 10 thousand euros or 12 thousand euros.

Best investment after getting the Malta Permanent Residency

1. Given Malta’s location overlooking the Mediterranean Sea, tourism investment is a good idea due to the desire of Arabs and Europeans in particular.

2. Investing in packaged medicines is a popular option there, with the ease of exporting and importing these materials due to its location.

3. The fishing sector may be one of the best investment areas for those seeking permanent residency in Malta, exporting around 2,800 tons of fish annually, but it also meets the needs of its citizens.

Why the Malta Permanent Residency and not golden visa?

There are 3 popular countries now for obtaining European residency (Golden Visa), the most important of which are Portuguese residency, Spanish residency and Greek residency, but the Malta Permanent Residency is considered one of the fastest European programs in processing files.

The Spanish and Greek residency programs require more cost to invest in real estate, while Portugal has abolished real estate investment and now you can obtain Portuguese residency after investing in government funds. As for the Malta Permanent Residency, it is the only one that gives investors the option of renting.

After reading the article, are you still interested in the Maltese residency program, or are you thinking about citizenship by investment programs? In both cases, contact Global Citizen Consultants, the authorized office for obtaining European residency and second citizenship programs around the world.