MALTA
Official Name: Republic of Malta
Capital : Valetta
Population :5 Lakhs
Area : 316 Sq. kms
Temperature: 9-17 °C
Malta joined as EU member country since May, 2004
Malta became Schengen area member May, 2007
MALTA PERMANENT
RESIDENCE PROGRAM (MPRP)
BENEFITS OF MALTA PERMANENT RESIDENCE PROGRAM (MPRP)
-EU residence card granting visa-free travel across Europe’s Schengen Area
-Right to reside indefinitely in Malta
-Five years of permanent residence allowed, renewable indefinitely
-Investment required only for first five years
-No residence requirement
-Family Program for FOUR GENERATIONS
-Apply for a European Long-Term Residence permit after 5 years in Malta. Can include the spouse and the children of the applicant’s child when he/she gets married.
INTERESTING FACTS ABOUT MALTA:
-Drinking Tap Water is Safe.
-Malta is home to TEN UNESCO World Heritage Sites (3 Confirmed/7 Tentative).
-The University of Malta was formed in 1592.
-Malta is voted as one of the world's best diving location and is home to many sunken ships from WWII.
-Malta is popular film location where movies like Gladiator, Troy, Pirates of the Caribbean, Game of Thrones,
-Malta is one of the world's smallest country.
-Malta is home of some of the oldest man made structures dating back 5000 years.
SHIFT TO MALTA WITHIN 6 MONTHS BY DONATING €100,000 ONLY
INVESTMENT
-A non-refundable government contribution of €58,000 if property is leased or €28,000 if property is purchased
-An admin fee of €40,000
(€10,000 at the time of application and balance within 2 months after application is approved)
-Contribution of €2000 to a registered NGO
-Contribution of €7,500 for spouse and every parent or grandparent (applicant's and/or applicant's spouse's)
-Contribution of €5,000 for each child over 18 years
-A property purchase of €350,000/(€300,000 in South Malta or Gozo) OR lease a property of €12,000 per annum (EUR 10,000 in South Malta or Gozo)
REQUIREMENTS
-Have a stable income to maintain themselves without depending on the social assistance in Malta
-Health Insurance Policy to cover oneself and family in Malta
-Minimum assets of €5,00,000 out of which €1,50,000 shall be in form of financial assets (TO BE MAINTAINED FOR FIVE YEARS ONLY)
-Police Clearance Certificate from country of origin/ residence
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DIFFERENCE BETWEEN MPRP AND GRP
MALTA PERMANENT RESIDENCE PROGRAM (MPRP)
MALTA GLOBAL RESIDENCE PERMIT (GRP)
1. RESIDENCY VALIDITY
LIFELONG
TO BE RENEWED EVERY YEAR
2. MINIMUM YEARLY TAX PAYMENT
ZERO
€15,0000
3. PROCESSING TIME
6-8 MONTHS
3 MONTHS
4. PROPERTY INVESTMENT
or
PROPERTY RENTAL
€300,000-350,000
€10,000-12,000
€220,000-275,000
€8,750-9600
5. CONTRIBUTION (DONATION)
€58,000
ZERO
6. APPLICATION FEE
ZERO
€6,000
7. ADMIN FEE
€40,000
ZERO
8. FINANCIAL ELIGIBILITY
MINIMUM ASSETS-€500,000
(out of which €150,000 in the form of financial assets)
STABLE AND REGULAR INCOME TO SUPPORT FAMILY
9. DEPENDENTS
SPOUSE, CHILDREN, PARENTS, GRANDPARENTS (if financially dependent)