Malta Permanent Residence Programme, also referred to as MPRP, is granted for life. However, the permit should be renewed every five years. Applicants should be non-residents of the European Economic Community, as well as the countries sanctioned by Malta.
The primary applicant, or the investor, should be over 18, have no criminal record, and have a capital of at least €500,000, of which €150,000 are in liquid accounts. They are allowed to add their family to the application: the spouse, and principally dependent children or parents.
There are three mandatory investment conditions in the MPRP. While applicants need to fulfil them all, the real estate condition has two options to choose from.
The MPRP investment expenses are fixed and don’t depend on the applying family composition. However, obligatory state fees will change depending on the family size.
Conditions for a Malta Permanent Residence Programme participation
State fees contributions to the government of Malta are: €28,000 if the applicant chooses to buy real estate, and €58,000 if they choose to rent. In both cases, an additional fee of €7,500 is paid for each parent or grandparent.
Due Diligence check is implemented for all MPRP applicants. It is strict and consists of four tiers, including checks with Interpol and Europol. The very first tier is when Malta accepts an application pre-approved by a licensed agent.
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