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Malta Permanent Residence Programme

By June 28, 2021 No Comments
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Malta Permanent Residence Programme Regulations

Introduction

The Government of Malta introduced the Malta Permanent Residence Programme Regulations in 2021.  This programme is open to non-EU Nationals and their dependants who wish to reside or stay indefinitely in Malta. Applicants can apply for Permanent Residence and there is no language test.

Financial Obligations

The applicant must choose between two contribution options:

1.Rent a property and pay the full contribution:

  • Pay the €40,000 non-refundable administrative fee; AND
  • Rent a property with a minimum of €12,000 per year (€10,000 if the property is situated in Gozo or the south of Malta); AND,
  • Pay the full Government contribution of €58,000; AND
  • Donate €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations.

2.Purchase a property and pay a reduced contribution:

  • Pay the €40,000 non-refundable administrative fee; AND
  • Purchase a property with a minimum of €350,000 (€300,000 if the property is situated in Gozo or the south of Malta); AND,
  • Pay the reduced Government contribution of €28,000; AND
  • Donate €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations.

An additional Government Contribution of €7,500 is required for each additional adult dependant (excluding the spouse) included in the application.

Benefits

Successful applicants who receive the Maltese residence permit will have many benefits such as:

  • Right to settle, stay and reside in Malta permanently.
  • Free movement within the Schengen Zone (26 European countries).
  • It is possible to include up to 4 generations in the application.
  • Individuals will be taxed on Malta source income and certain gains arising in Malta. They will not be taxed on non-Malta source income not remitted to Malta. In addition, they will not be taxed on capital even if this income is remitted to Malta.

Applicants: Additional Criteria

Applicants must meet the following requirements:

1.Be a third country nationals, non-EEA and no-Swiss;

2.Not currently be taking advantage of any other Maltese Residence Programme;

3.Show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets;

Be in possession of a private health insurance policy to coverall risks across Malta.

Dixcart Management Malta Limited Licence Number: AKM-DIXC-21