Malta Residency by Investment 2024: Your Complete Guide to Gaining Residency

Malta has become a popular destination for those interested in obtaining residency through investment. Renowned for its high quality of life, advantageous Mediterranean location, and stable economy, Malta provides a fantastic opportunity for investors wishing to make Europe their home. The Malta Residency by Investment program is well-structured, offering residency rights in exchange for an investment that benefits the country’s economy.

If you’re considering gaining residency by investment in Malta, here’s a detailed guide that will walk you through everything you need to know about the process, requirements, and benefits for 2024.

What is the Malta Residency by Investment Program?

The Malta Residency by Investment program, also referred to as the Malta Permanent Residence Programme (MPRP), enables non-EU citizens to gain residency through a qualifying investment. This program is favored for its relatively simple requirements and the numerous benefits it provides.

How to qualify for the Malta Residence Permit by Investment?

To qualify for the Malta Residence Permit by Investment, applicants must meet specific financial requirements.

Here’s a breakdown of the main investment routes for the MPRP in 2024:

Government Contribution

• A non-refundable contribution of €68,000 is required if the applicant is renting a property.
• If you decide to purchase property, the government will contribute €98,000.

Property Investment

• When renting a property, the minimum annual rent is €10,000 in the southern regions of Malta or Gozo, while it is €12,000 in other areas.
• If you choose to buy property, you need to invest at least €350,000 in central or northern Malta, or €300,000 if you go for the southern regions or Gozo.

Donating to Local NGO

• Applicants should also sponsor a Maltese NGO up to €2,000 in amount which shall be used by the latter in funding the local initiative.

Proof of Assets

• The minimum capital of at least €500,000 should be shown by the applicant, and within this sum, at least €150,000 should comprise financial assets in the form of stocks, bonds, or other forms of securities.

After you meet the investment requirements, you and your family are eligible to apply for a residence permit based on investment into Malta and its benefits can be enjoyed.

Who Can Apply for the Malta Residency by Investment Program?

The Malta Residency by Investment program is available to non-EU nationals who satisfy the specified financial requirements. Additionally, the program permits the inclusion of family members, meaning your spouse, children under 18, and dependent parents or grandparents can all enjoy the advantages of your residency status.

Benefits of the Malta Residency by Investment Program

Acquiring residency by investment in Malta has a plethora of advantages. Let’s break down the major benefits:

• Visa-Free Travel in the Schengen Area

A citizen of Malta can freely spend time in the Schengen Zone, and that’s just great because a whole family can visit 26 countries in Europe without making any hassle on account of visa application. That’s perfect for work with business people or for frequent travelers.

• No Residency Requirement

The Malta Residency by Investment program does not require staying in Malta full-time, unlike most of the European residency programs. One is allowed to maintain their residency without having to spend a given number of days in the country. This is great for someone wanting the benefit of having EU residency but would prefer not to live in the EU.

• Tax Benefits

Malta is known for its favourable tax regime. While residents must pay taxes on income earned within Malta, there is no taxation on foreign income that is not remitted to Malta. Neither is there any inheritance or wealth tax; therefore, the program is most appealing to high net worth individuals to truly optimize their tax liabilities.

• Access to Malta’s Healthcare and Education Systems

Malta also ranks to have one of the finest healthcare services in the world. Being a resident, you and your family can use public and private health care. In addition, Malta boasts one of the world’s first-class education systems with international schools catering to the expat families.

• Pathway to Long-Term Residency and Citizenship

While the Malta Residency by Investment program provides a permanent residency permit at the start, you may apply for citizenship after some few years if you meet the residency requirement. Maltese citizenship would also confer an EU passport, which would provide much broader freedom of mobility around the world.

How Long Does the Process Take?

Malta Residency by Investment Program takes an impressively short time. After you send in the application and meet the specific conditions, you can expect your residency to be issued within 4-6 months. Background checks and verification of financial documents are included in the process, but Malta’s program is famous for its efficiency among European nations.

What Makes Malta a Great Place to Live?

Beyond the benefits tied directly to the Malta Residency by Investment program, Malta itself is an attractive place to live for many reasons.

Few key highlights:

• Strategic Location: Malta is located in the Mediterranean, giving access to Europe, North Africa, and the Middle East. There is an international airport with easy access to cities.
• Language: Since one of the official languages of Malta is English, communication or living among the society is extremely easy for an expatriate.
• The Mediterranean Lifestyle: The place is full of history and boasts beautiful architecture. Its gentle climate, advanced cultural activities, and tasteful cuisine all add up to a high quality of life.
• Security: Malta is also one of the safest destinations within Europe due to low crime rates and stability in the political and economic climate.

Things to Consider Before Applying

The Malta Residency by Investment program is well regarded, but there are a couple of things to be aware of before beginning the application process:

Due Diligence: In Malta, great care must be taken to ensure that applicants meet very strict legal and financial requirements. Background checks can be quite thorough. It’s important to organize your documents clearly and simply.

Additional Costs: Besides the necessary investment amount, you should also account for a management fee, legal fees, and other expenses related to the application process.

Real Estate Market: Real Estate Market Malta’s real estate market is growing. But if you’re investing in real estate, it is important that you invest wisely with a reliable real estate advisor of the area where you would be investing.

Malta presents a thorough and well-structured residency program that appeals to global investors, whether for personal, business, or tax optimization purposes.

If you’re thinking about applying for residency in Malta through investment, contact us at FRR Immigration. We’ll assist you at every stage, from selecting the best investment option to organizing your documents. With our knowledgeable team supporting you, obtaining your Malta residence permit through investment is simpler than ever.

Let’s turn Malta into your new home!