Ways to obtain permanent residence in Malta: investments, visas and features of your stay
Malta is a very small island state in Europe, which is washed by the warm waters of the Mediterranean Sea. The main advantages of living in Malta: are the year-round warmth on the island, the possibility of a beach holiday without leaving the country, and relatively low prices for services and products compared to, for example, Italy or Austria. Safety and health are also key, as Malta has a low crime rate and excellent medical treatment. It is easy to adapt here, but you need to be fluent in English.
The state has developed a special program Malta Permanent Residence Program (MPRP), which greatly facilitates the process of obtaining permanent residence or residence permits, as well as citizenship. Under the terms of this program, a mandatory purchase or rental of real estate is expected. It also has its advantages. When obtaining permanent residence status, it is not necessary to reside permanently in the country. There is also a visa-free opportunity to visit the countries of the Schengen area for a short-term stay. Having issued a card and a certificate of permanent residence on the island, you can live and work in the country, run your own business, and also become a tax resident. In addition, the applicant's relatives up to the fourth generation, children of any age, and spouses who are not even officially married have the right to participate in the Malta Permanent Residence Program. In addition, investors and their relatives can receive education and medical treatment in the Schengen countries for 90 days. It should be noted that the permanent residence card in Malta is received for life, but it is subject to exchange every 5 years. To do this, you must have medical insurance and proof of address of residence in the country.
We invest, we get permanent residence
Today, it is investments that make it possible to obtain permanent residence in Malta. This is an expensive way, but the most easily accessible. According to the latest changes to the program for obtaining a permanent residence permit through investment - Malta Permanent Residence Program (MPRP), the amount of the contribution should be 160,000 €. At the same time, the status of permanent residence is issued in just 6-8 months. The main requirements for starting this process:
1. Confirm the presence of legal capital of 500,000 euros (150,000 euros of which are liquid assets: bonds, deposits, shares).
2. Make a mandatory charitable contribution of 2,000 euros to any organization in the state of Malta.
3. Renting for 5 years or buying a home in Malta. If we talk about renting on the island of Gozo and in the southern part of the country - the minimum rental amount is 10,000 euros per year. And the minimum amount to purchase of own housing from 300,000 euros. In other cities, the rental price is 12,000 euros per year. Purchase of real estate from 350,000 euros.
4. Payment of the administrative fee is 40,000 euros, whether the applicant is alone or with a family of two or more people.
5. Payment of the state contribution of 58,000 euros (including family) and for each relative, the supplement is 75,000 euros (parents, grandparents).
6. Mandatory execution of a valid insurance policy. The amount of coverage must be at least 30,000 euros. You can buy medical insurance with one click on the website https://visitukraine.today
7. Providing documents in the absence of a criminal record and passing a medical examination is also the main condition.
8. All documents must be translated into English with an apostille. The services of a local notary will cost 4,000 euros.
The Government of Malta has the right to request extraordinary documents and carry out compliance checks.
Permanent residence in Malta without investment
If you decide to immigrate to the country without making any investments, in this case, you must live continuously on the island for 183 days a year and obtain a residence permit under some of the conditions:
1. Blue Card system. Employs highly qualified specialists. At the same time, the salary level should be 2 times higher than the annual salary of the same specialist in Malta. You have to work very hard to prove your level and special merits.
2. Work visa for employment, the most popular way for many foreigners.
3. Residence permit for family reunification, if a relative or one of the spouses legally lives in the state for more than a year.
4. Residence permit for students. In this case, an agreement must be concluded with a higher educational institution in Malta.
After 5 years of residence in Malta, you can apply for the status of a citizen of the country.
More information on obtaining Maltese citizenship by investment can be found here.
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