Malta Permanent Residence Programme (MPRP) Benefits
Since Malta launched the Malta Permanent Residence Programme (MPRP) in 2021, a number of non-EU nationals understood the importance to have a permanent residence in a European country which grants the right to reside permanently in a chosen country. The MPRP grants a permanent residence status within a period of 4-6 months from the submission of an application, making the MPRP one of the most efficient residence programmes in Europe. In addition, the MPRP is unique in the sense that it is the only residence programme to grant permanent residence immediately. As a result, once an application under the MPRP has been approved, the applicant and all qualifying family members can reside indefinitely in Malta and travel to the 26 countries forming part of the Schengen Area without a visa.
One of the main benefits of the MPRP is that it allows the main applicant to include five generations in the same application. This family friendly measure is unique to the MPRP since other residence programmes (golden visas) in Europe impose a maximum age limit to include children, parents and grandparents of the main applicant.
Malta Permanent Residence Programme – Investment Options
The MPRP offers prospective applicants two investment options to choose from. Applicants may either:
- Rent a Property and Pay a Government Fee of €98,000, or
- Purchase a Property and Pay a Government Fee of €68,000
Under both options, once an applicant is approved, a donation of €2,000 to a local charity is also required.
The MPRP is thus the only European residence by investment programme which allows the applicant to rent a property without having to purchase before applying for residency. In addition, the above investment is only to be done once the application is approved and not at the outset.
MPRP – Addition of Family Members
The MPRP is designed to allow the applicant to include a total of five generations. This includes:
- Main Applicant and the Spouse
- Parents of the Main Applicant and/or of the Spouse
- Grandparents of the Main Applicant and/or of the Spouse
- Children of the Main Applicant and/or of the Spouse (no age limit, must be financially dependent on the Main Applicant)
- Future Grandchildren of the Main Applicant and of the Spouse
Efficient Process – MPRP
Once an application is submitted, the government agency will run a four-tier due diligence check on the applicant and the source of funds. A final decision on the application is taken within 4-6 months making this programme the most efficient residence by investment programme in Europe.
Visa Free Travel
Malta is a member of the Schengen Area which is an area made of up 26 countries which abolished borders and allows for the unrestricted movement of people. By obtaining residence under the MPRP, the applicant and qualifying family members are allowed to travel freely within the Schengen Area and stay for 90 days within 180 days.
Right to live permanently in Malta
The applicant and all qualifying members are given the right to live and settle in Malta for life without any restrictions. There are a number of reasons why applicants relocate to Malta including safety and stability and a pleasant climate with over 300 days of sunshine.
Malta is one of the safest countries to reside in the world. In addition, it is also an English-speaking country making it easy for expats to quickly settle on the island. Crime levels in Malta are exceptionally low in comparison with most EU countries making it the second safest country in the world and first in the EU according to a study carried out by the AfrAsia Bank Global Wealth Migration Review.
The full benefits of obtaining residence under the MPRP can be summarised into the following:
- Malta is a member of the European Union (EU)
- Malta is a member of the Schengen Area
- Malta is a member of the Commonwealth
- Malta has one of the strongest economies in the EU
- Malta is economically and politically stable
- Malta’s official language is English
- Malta has the Euro (€) as it’s official currency
- Malta has a first-class health and educational system
- Malta enjoys one of the best climates in the world
How can we Assist?
Applications under the MPRP can only be submitted through a Licenced Agent. Our firm is licenced by the Residency Malta Agency to submit residence by investment applications on behalf of applicants. ACC Immigration holds licence number AKM-ACCA-21.