The Malta Permanent Residence Programme
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On Friday 27th March 2021, the eagerly awaited Malta Permanent Residence Regulations were published by virtue of the Legal Notice 121 of 2021. The regulations provide the requirements for the grant of permanent residency rights on the basis of investment under the Malta Permanent Resident Programme
The Residency Malta Agency (RMA) refers to the Malta Permanent Residence Programme (MPRP) as a straightforward residence by investment programme based on investments in property and government contributions. With the promise of a 4 to 6-month processing time from the submission of a complete and correct application, the MPRP offers much value to clients wishing to make Malta their home away from home.
As Community Malta Agency (Agenzija Komunita Malta) licensed Agent AKM-BALD, Dr Russell Attard Baldacchino may directly assist with the correct preparation and submission of applications to the Residency Malta Agency (RMA).
The Residency Malta Agency (RMA) refers to the Malta Permanent Residence Programme (MPRP) as a straightforward residence by investment programme based on investments in property and government contributions. With the promise of a 4 to 6-month processing time from the submission of a complete and correct application, the MPRP offers much value to clients wishing to make Malta their home away from home.
As Community Malta Agency (Agenzija Komunita Malta) licensed Agent AKM-BALD, Dr Russell Attard Baldacchino may directly assist with the correct preparation and submission of applications to the Residency Malta Agency (RMA).
MPRP Benefits
The benefits of the Malta Permanent Residence Programme include:
- the right to settle, stay and reside permanently in Malta;
- enjoy Visa-free travel across Schengen, 90 out of 180 days;
- penetrate Malta’s affordable real estate market;
- may include up to 4 generations in an application
MPRP Eligibility
To be eligible for the MPRP, applicants should:
- be third-country nationals, non-EEA and non-Swiss;
- not hail from sanctioned countries, as announced from time to time by the Agency;
- not benefit under other pertinent regulations and schemes;
- be in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta;
- how they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets;
- be fit-and-proper individuals and have a clean criminal record;
- not pose any potential threat to the national security, public policy, public health, or public interest.
What is the application process for Malta’s Digital Nomad Permit?
The process is pretty straightforward, in fact we can walk you through it in 10 easy steps:
- Step 1: Schedule your free eligibility assessment with Dr Russell Attard Baldacchino.
- Step 2: If you’re eligible, send us your passport data page, CV, and proof of residential address so that we can run our preliminary due diligence checks;
- Step 3: You’ll receive our Engagement Letter for signature via DocuSign (enough waste already) and our invoice will follow;
- Step 4: We’ll set up a group chat on your preferred messaging app (we appreciate everyone’s unique security preferences)
- Step 5: You’ll receive a tailor-made checklist of documents, specifically designed for your case. All you have to do is share the information and digital copies of the documents we request. There’s no need to fill in any forms, draft any letters or declarations, or try to figure out how to structure and submit your application; our team will do all of that for you!
- Step 6: You’ll receive all the completed forms or documents that you’d need to print and sign in wet blue ink, and share just the scanned copies with us (you can hang on to those originals).
- Step 7: Our Nomad team will submit your application to the Residency Malta Agency, and you’ll be kept in copy for all official correspondence.
- Step 8: After an initial application completeness and admissibility check by the Residency Malta Agency, you’ll receive an official application submission receipt and application fee request (that’s just EUR 300 per applicant).
- Step 9: Transfer the application submission fee directly to the Residency Malta Agency from your personal bank account. Once the receipt of funds is issued, your application processing will begin.
- Step 10: Assuming no major feedback is raised by the agency during application processing, you can expect to receive the application decision within around 4 to 6 weeks.
MPRP Requirements
In order to apply for the Malta Permanent Residence Programme (MPRP) applicants must:
- Submit an application via a Licensed Agent, such as Dr Russell Attard Baldacchino;
- Administrative Fee:
- Pay a non-refundable administrative fee of €40,000.
- Property Investment:
- Rent a property for a minimum of €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta; OR
- Purchase a property for a minimum value of €300,000 in the South of Malta/Gozo or €350,000 in the rest of Malta.
- Government Contribution
- €28,000 if purchasing a property; OR
- €58,000 if leasing or renting a property;
- Dependant Fees:
- Pay an additional €7,500 for each additional adult dependent (except for the spouse).
- Donation:
- Make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations;
- Be in possession of a valid travel document.
- Take out a sickness insurance policy to cover all risks across Malta;
- Take out travel insurance when travelling across Schengen.
Key Q&A Highlights from the MPRP Regulations
- What does the MPRP Grant?
Successful applicants under the MPRP shall be issued a Certificate of Maltese Residence, which entitles the beneficiary and their dependants to reside, settle or stray indefinitely in Malta. - Do applicants have to use a licensed agent?
Individuals who wish to submit an MPRP application must do so with the assistance of a Malta-licensed Agent, such as Dr Russell Attard Baldacchino (AKM-BALD-21). - Who can apply as the main applicant under the MPRP?
In order to apply, the main applicant must be at least 18 years of age and be in possession of a minimum of €500,000 worth of assets, out of which €150,000 must be in the form of financial assets. This minimum capital must be maintained during the first 5 years after the date of the Certificate of Maltese Residence.
The main applicant must also be in receipt of stable and regular resources which are sufficient to maintain himself and his dependants without recourse to the social assistance system of Malta. - Who can the main applicant include as dependants?
The MPRP allows the main applicant to include the following dependants:- Spouse or other relationship having the same or similar status to marriage;
- Children,including adopted children, under the age of 18;
- Children, including adopted children, over the age of 18 who are unmarried and principally dependent on the main applicant.
- Parents or grandparentswho are principally dependent on the main applicant.
- Children who have been certified as having a disability.
- Are there any other qualifications for the main applicant?
Applicants must be third-country nationals, non-EEA and non-Swiss, who do not benefit under other pertinent regulations and schemes. - What obligations must be satisfied by the main applicant?
Upon receipt of the Letter of Approval in Principle, the main applicant is required to:
- Pay the outstanding administrative fee to the Residence Malta Agency;
- Pay the contribution to the Residence Malta Agency;
- Present proof of title of purchase or lease over a qualifying property in Malta;
- Make a donation to a Malta non-governmental organisation;
- Present a sickness insurance policy for all applicants and in respect of all risks normally covered for Maltese nationals.
- How much is the administrative fee and when is it payable?
A non-refundable administrative fee of €40,000 is payable to the Malta Residence Agency. €10,000 is payable upon submission of the application, whilst the remaining €30,000 must be paid within 2 months from the date of the Letter of Approval in Principle. - How much is the contribution and who does it cover?
The contribution payable to the Malta Residence Agency is €28,000 if the main applicant chooses to purchase a qualifying residential property, or €58,000 if the main applicant chooses to rent a qualifying property. This covers the main applicant, spouse, and dependant children.
An additional contribution of €7,500 is payable for every parent or grandparent of the main applicant or spouse. - When is the contribution payable by the main applicant?
The total contribution amount only becomes due once the application is approved in principle and must be paid by the main applicant to the Residence Malta Agency within 8 months from the date of the Letter of Approval in Principle. - What type of property can the main applicant buy or rent?
In order for a property to qualify under the MPRP, it must be a residential property located in Malta that is normal for a comparable Maltese family.
In the case of the rental option in Gozo or the South of Malta, the minimum annual rent must be €10,000, whilst if it located in the rest of Malta, the minimum annual rent must be €12,000.
If the main applicant chooses to purchase property, the minimum value must be €300,000 if it is situated in the South of Malta or Gozo, or €350,000 for a property situated in the rest of Malta.
- How long must the qualifying property be held for?
The main applicant is required to hold the title of lease or ownership over the qualifying property for residence in Malta for a minimum of 5 years from the date of the Certificate of Maltese Residence. - Is the main applicant required to hold property in Malta after the 5 years?
Yes, under the MPRP, the applicant is required to maintain a title of ownership or lease over a residential property in Malta throughout the validity of the Maltese Certificate of Residence. However, there is no minimum annual rent or property value after the first 5 years have elapsed. - How much time is allowed to satisfy the obligations?
Save for the payment of the administrative fee, all other obligations must be satisfied and proof delivered to the Residence Malta Agency within 8 months from the date of the Letter of Approval in Principle. Failure to do so may result in the rejection of the application or the revocation of the Letter of Approval in Principle. - What is the minimum donation amount required?
The main applicant must donate a minimum financial contribution of €2,000 to a Malta registered philanthropic, cultural, sport, scientific, animal welfare, or artistic non-governmental organisation or society registered with the Commissioner for Voluntary Organisations, or as otherwise approved by the Residence Malta Agency. - How important is it to provide complete and accurate information?
If an applicant makes a false statement or omits information requested, the MPRP application may be declined solely on that basis.
For more details you can access and download Legal Notice 121 of 2021 – Malta Permanent Residence Programme Regulations here, or schedule a free consultation call with Dr Russell Attard Baldacchino to help you or your clients.
Explore more about the Malta Permanent Residence Programme (MPRP) here:
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