Malta has risen to prominence as one of Europe’s top investment locations thanks to its reputation for stability, dependability, and security. Foreign nationals seeking an alternate abode in Europe are granted residency rights through the Malta Permanent Residence Programme. New regulations were officially launched at the end of March 2021, with the formal publication of Legal Notice 122 of 2021.
The primary applicant must be at least 18 years of age and submit an affidavit stating that as of the application date, they have capital in their possession totalling at least EUR 500,000 (EUR 150,000 of which should be in financial assets).
In order to be considered for the programme, the following prerequisites for applications must be satisfied:
If the residential property is bought, a EUR 28,000 payment will be made to the Maltese economy; if it is leased, a EUR 58,000 contribution would be made.
A EUR 2,000 donation is to be made to a non-governmental organisation.
A EUR 40,000 non-refundable administration cost.
The Malta Permanent Residence Programme has reasonable and simple application requirements and processes. The Residency Malta Agency, a government body in charge of applications, is in charge of receiving the application.
Successful applicants will be required to finish the qualifying investments, after passing rigorous due diligence tests in order to receiving a residency permit. The Residency Malta Agency will provide the chosen individuals with a Maltese resident certificate, which functions as a permit.
