We are featuring this latest video launched by the Residency Malta Agency, which highlights Malta’s strongest points in relation to the Permanent Residency Programme.
Malta is an attractive proposition for those wishing to relocate on the Island. The many advantages and unique characteristics Malta has to offer, surely help prospective applicants make a swift and decisive choice.
Amongst the many advantages, most importantly Malta offers:
- Safety, ranking as the safest place in Europe;
- Stability, proven by it’s long term economic, political and social endurance;
- Connectivity, being situated wright in the hart of the Mediterranean;
- Excellent quality of Medical Health Care both in the private and public sector;
- Sound Education with a choice of state, church and private schools;
- Rich History it acquired through out the centuries, which gives the Maltese heritage that unique flare.
Not to mention, Malta enjoys an unhurried pace of life. With 300 days of sunshine a year and surrounded by some of the clearest waters in the world, you can rest assured Malta offers the island life you are looking for.
ELIGIBILITY AND REQUIREMENTS
To be eligible for the MPRP, applicants should:
- be third country nationals, non-EEA and non-Swiss;
- not hail from sanctioned countries, announced from time to time by the Agency;
- not be beneficiaries 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 Malta’s social assistance system;
- show they have capital assets of not less than €500,000, out of which €150,000 must be financial assets;
- be fit-and-proper individuals with a clean criminal record;
- not pose any potential threat to national security, public policy, public health or public interest.
To participate in the Programme, applicants must:
- submit an application via a Licensed Agent;
- pay a non-refundable administrative fee of €40,000;
- 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;
- pay a Government contribution of €28,000 if purchasing a property or €58,000 if leasing a property;
- pay €7,500 for each additional adult dependant (except for the spouse);
- hold the qualifying property for a minimum period of 5 years;
- make a donation of €2,000 to a local NGO registered with the Commissioner of Voluntary Organisations of a philanthropic, cultural, scientific, artistic, sport or animal welfare nature;
- be in possession of a valid travel document;
- take out a sickness insurance policy to cover risks in Malta;
- take out a travel insurance when travelling across Schengen.