Q.
What does the Malta Permanent Residence Program (MPRP) require?
Under the purchase option you buy property of at least €375,000 in mainland Malta or a designated area and pay a €30,000 government contribution, €50,000 administrative fee, and a charitable donation of at least €2,000. Under the lease option you rent property at €14,000 or more per year and pay a €60,000 government contribution plus the same fee and donation. Either way the property must be held or leased for at least five years.
Q.
Are there asset requirements beyond the investment itself?
Yes. The purchase option requires total assets of at least €500,000, of which at least €150,000 must be financial assets. The lease option requires total assets of at least €650,000, of which at least €75,000 must be financial assets.
Q.
Does Malta permanent residence need to be renewed?
The MPRP grants permanent residence: once every condition is met, final approval leads to the issue of a permanent residence card. The program conditions themselves still have to be observed, such as holding or leasing the qualifying property for five years, and breaching them can affect status.
Q.
Which family members can be included?
A spouse, children, and parents can be included in the same application. Children may be included if they are 18 or under, or up to 26 if they are financially dependent on their parents.
Q.
Can Malta permanent residence lead to citizenship?
After obtaining Malta permanent residence you must stay at least 12 months, and citizenship can be applied for after five years of residence. Even at the permanent-residence stage the core benefits apply: freedom to live and move within EU countries, and a tax system that is favourable to non-residents.
Q.
How does DaeYang Immigration Law Group help with Malta investor residency?
DaeYang manages the whole file: the preliminary approval application, identity, asset, health insurance, and police record evidence, the property purchase or lease and the required contributions, and final approval through to issue of the permanent residence card. Which of the two options works out better depends on how your assets are composed, so both are compared at the consultation stage.