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
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
-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)
-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
DIFFERENCE BETWEEN MPRP AND GRP
MALTA PERMANENT RESIDENCE PROGRAM (MPRP)
MALTA GLOBAL RESIDENCE PERMIT (GRP)
1. RESIDENCY VALIDITY
TO BE RENEWED EVERY YEAR
2. MINIMUM YEARLY TAX PAYMENT
3. PROCESSING TIME
4. PROPERTY INVESTMENT
5. CONTRIBUTION (DONATION)
6. APPLICATION FEE
7. ADMIN FEE
8. FINANCIAL ELIGIBILITY
(out of which €150,000 in the form of financial assets)
STABLE AND REGULAR INCOME TO SUPPORT FAMILY
SPOUSE, CHILDREN, PARENTS, GRANDPARENTS (if financially dependent)