Updates:Al Ameri Tower, Office 2001, Floor 20, Al Barsha Heights, Dubai, UAE Read More
The Malta Permanent Residence by Investment Program is designed to help wealthy individuals and businessmen from the Middle East and the rest of the world obtain permanent residency in Europe.
The government of Malta introduced the Malta Permanent Residence Programme (MPRP) on the 26th of March 2021, replacing the highly successful Malta Visa and Residency Programme (MRVP) which was introduced in 2014. The new MPRP is a straightforward permanent residency programme.
The questioner may wonder why Malta and not the economic Caribbean citizenship programs for investors in the Middle East and the Gulf.
The reason is very clear, which is that most Gulf countries do not accept dual citizenship and therefore cannot benefit from the privileged Caribbean citizenship programmes. Instead, they are entitled to permanent residence in Malta and all European Union countries by investing in Malta, especially after the abolition of golden residency programs in Europe and the narrowness of options.
In addition, Spanish residency requires an investment of at least €500,000, but with Malta, an investment of $350,000 (250 of which is refundable) is sufficient to obtain permanent residency in Europe.
The Malta Permanent Residence by Investment Program provides an opportunity to live and work in Europe and enter all Schengen countries without a visa, thus making the most of educational and health opportunities.
The Malta Permanent Residence by Investment Program was established in the 26th of March 2021, replacing the Malta Visa and Residency Programme which was introduced in 2014 with the aim of supporting and encouraging foreign investments and benefiting from them. In return, permanent residency provides many opportunities in all European Union countries for the investors.
Malta is a European country consisting of three islands with a wonderful atmosphere. Malta’s strategic location at the crossroads has given strength to investors in the Middle East and North Africa region in order to obtain residency or citizenship.
The people of Malta speak both Maltese and English, and the capital of Malta is Valletta, which belongs to the Schengen group, and the official currency is the euro.
Malta occupies many rankings within the top five as the safest country in the world and enjoys a great reputation in terms of business and the strength of the economy, all of these points will be reflected on investors and their family members.
✪ The possibility of obtaining permanent residence throughout Europe, but the applicant must maintain the property or the condition of renting a property for a period of 5 years. Upon investment, the applicant is granted a permanent residence permit.
✪ Malta does not require physical residence to apply, no interviews are required, and the application can be submitted remotely. But you only have to visit due to give biometrics. It is worth noting that Malta allows you to keep your other residency, and in the case of citizenship, Malta accepts dual citizenship.
✪ After residing for 5 consecutive years and at the same time knowing the basics of Maltese and English, you and your family will be eligible to obtain Maltese citizenship and passport. The Maltese passport is strong and ranks 11th in the world, with the ability to enter 180 countries without a visa, meaning travel to almost all parts of the world without a visa.
✪ Malta has a good tax system in Europe, as there are no taxes levied on trade outside Malta, inheritance and interest gained.
✪ The bulk of the amounts are not transferred until approval is obtained.
✪ Live for 3 months every 6 months in any European country, including Switzerland, Germany, France, Italy, Spain, Portugal and more.
✪ The opportunity of obtaining a work visa from any European country chosen by the investor.
✪ With the help of the Malta permanent residence, you can be reunited with your current family and future generations and thus have access to the excellent European educational systems and children are eligible for free study if you have a work permit. In addition to benefiting from first class sanitary systems.
Malta Permanent Residency Program
◯ The investor must be (adult, in good health, hold a valid passport and not have a criminal file).
◯ Be a third country national and is not a Maltese, EEA or Swiss national.
◯ Not benefit under any other relevant Malta government scheme.
◯ Has not less than Euro 500,000 in capital (of which Euro 150,000 must be in financial assets).
◯ Pass the strict 4-tier due diligence performed by the Agency.
◯ Showing the evidence of the availability of funds allocated for investment, indicating their source.
◯ Pass the necessary security investigations and invest in one of the available ways.
◯ Family members who can apply with the main applicant are: Husband or wife, biological children or adopted children under 25 years of age and must depend on the main applicant, parents over 50 years of age and must depend on the main applicant.
◯ The nationalities that are not eligible to apply for this program are: Iraq, Iran, Syria, North Korea, and Yemen, unless they have resided for 5 years in another country, then they are allowed to do so.
▣ The spouse of the main applicant.
▣ The main applicant’s children or spouse, provided that they are unmarried and financially dependent on them.
▣ The parents or grandparents of the main applicant or spouse, provided that they are financially dependent on them.
▣ The unmarried adopted children of the main applicant or spouse.
▣ The adult child of the main applicant or spouse who has mental or physical challenges diagnosed by an authorized professional.
Buying or renting a property while maintaining the two conditions for a period of 5 years, after which you have the full right to resell or rent the property during that period (5 years) to achieve the maximum benefit from the return in the event of purchase:
✬ The investor has to buy a property for €350,000 in crowded places and €300,000 in southern Malta places.
✬ For rent, you must pay 12,000 euros annually if the property is in a crowded area, and 10,000 euros annually if it is in the southern regions.
Payment of government fees as a contribution in two steps, the first of which includes an amount of 40 thousand euros, regardless of the investment method.
The second step includes administrative fees, which depend on the type of contribution as follows:
✬ The property rent is 58,000 euros
✬ Buying a property for 28,000 euros
Donation of €2,000 to a non-governmental association involved in sporting, artistic, social or other activities.
✬ Parents, grandparents and spouse in the amount of 7,500 euros
✬ Children of all ages for the amount of 5,000 euros
After selecting the accredited office and then performing the application procedures of selecting, preparing and submitting files to the residency program unit through the accredited office. And once accepted, which usually takes about 6 months, the applicant will be asked to pay the contribution amounts and given 8 months to pay it, with the possibility of paying it in installments, after which residency certificates will be received for all the guaranteed individuals in the file.
To learn more about citizenship by investment and residency by investment programs, please visit our website and read our articles in these two areas, or simply write to us so that the programs are explained in full detail by one of our seasoned experts.
Subscribe us & get
latest news & articles to inbox.