MALTA
Located 80 kilometers south of Italy, Malta consists of three English-speaking islands, is one of the safest and most stable country in the world with the modern cosmopolitan lifestyle, rich history, excellent-quality medical care, and high-standard education system in the European Union famous for its fast-growing economy, sunny climate, stable government, Mediterranean’s gastronomy, natural beauty, and efficient public services. The new Malta Permanent Residence Program (MPRP) renewed in 2021 provides permanent residency with unlimited renewable option every five years with no requirement to live in Malta to retain it. Applicants and their dependent family members can reside, settle, and stay in Malta and gain freedom of movement within the entire Schengen six months in every twelve months.
Capital : Valletta
Language :Maltese & English
Population :444,000
Currency : Euro (EUR)
PROCESSING TIME
• 5 to 6 months
INVESTMENT TYPE
• Non-refundable contribution, real-estate investment, and donation
INVESTMENT AMOUNT
• Minimum property acquisition of EUR 300,000 in the South of Malta or 350,000 in the North of Malta PLUS contribution of EUR 28,000
OR
• Minimum EUR 10,000 per year to rent a property in the South or EUR 12,000 in the North PLUS contribution of EUR 68,000
AND
• Non-refundable administration of EUR 98,000
VISA FREE COUNTRIES
• Visa free access to the Schengen Area
90 out of 180 days
DEPENDENTS FAMILY
• Spouse, unmarried children, parents and grandparents of main applicant or in-laws that are financially dependent on main applicant
KEY BENEFITS
• Right to live in Malta
• Freedom of movement in Europe’s Schengen Area and EU
• Retain permanent residency without physical presence obligation
KEY FACTS
Obtain permanent residence in malta in a fast, reliable, and secure process.
The possibility of an unlimited renewable residence permit (each time for 5 years).
No physical presence obligation to retain permanent residency.
No need for an interview, language, education, managerial or business experience for permanent residency.
Possibility of obtaining residency for four generations.
High-quality healthcare service and top-ranked schools, and universities.
Low cost of living compared to the other European countries.
Ease of communication and integration in the English-speaking environment (second national Language)
Accessible only for highly reputable applicants due to the strict due diligence standards.
GLOBAL MOBILITY
The right to live in Malta.
Visa-free travel to the Schengen Area.
The right to stay in any Schengen country for up to three months every six months.
ASSET PROTECTION
No tax on foreign income and activities in the primary country of residence.
Taxed only on Maltese source income and remitted income.
Rental income of 4% on property.
A center of major international banks.
Double tax treaties with various countries.
INVESTMENT TYPE AND AMOUNT
TIMELINE
After retaining MICS and paying its initial professional fee, the first step is to sign the Power of Attorney (POA) document.
In Collaboration with Malta’s Licensed Agent : AKM-IMMV
Then, MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government.
The MICS legal team will review the documents and financial source carefully and submit the complete application pack to Residency Malta Agency. This is when the initial administration fee will be due.
A four-tier Due Diligence will be applied to the candidate and his/her family members and after the approval, a Letter of Approval in Principle (LAP) will be issued. At this stage, the rest of the administration fee is payable within 60 days.
The client and dependent family members need to travel to Malta for in-person biometric collection. Depending on the country of residence, the clients may need visitor visas to enter Malta and MICS will provide required documents to support this request at the pertinent embassy and make an appointment for biometrics with Customer Care.
MICS will find a desirable property for the investment and provide a health insurance for the client. At this stage the applicant must make the required investment by purchasing or leasing out a property to complete the procedure
Once the PR cards are issued, they can be collected in the MICS head office, or they can be delivered to the applicants by registered mail. This is when the payment of MICS professional fee balance will be due.
