- August 4, 2020
- Posted by: Editor
- Category: Law
The residence permit in Malta can be obtained by foreign citizens who make specific investments in the country, with respect to the Malta Residence and Visa Programme (MRPV). If you are interested in obtaining permanent residence in Malta, you can give us a call and talk to our immigration lawyers in Malta who can guide you throughout the entire process. You can also benefit from support for obtaining a visa for Malta or for relocation to Malta.
How do I obtain the residence permit in Malta?
The Immigration Act, part of the Civil Code, and particularly the L.N 288-2015 mentions all the conditions for obtaining a residence permit as a high net worth individual in Malta. The residence permit is valid for 5 years, having the possibility of renewing it before the expiry date. There are three simple ways through which a non-EU/EEA citizen can obtain the Maltese residence permit, such as:
- Making investments in the real estate sector by purchasing a property worth around EUR 250,000.
- Renting a property for at least one year and a fee of approximately EUR 16,000/year.
- Investing around EUR 250,000 in government bonds in Malta.
These are the main conditions for non-EU/EEA citizens who want to relocate to Malta and obtain permanent residence. As for citizens from EU and EEA countries, the rules have been simplified. If you would like to know more about the rules for obtaining permanent residence in Malta, we recommend you ask for legal advice from our Maltese immigration lawyers. Here is a video presentation on this topic:
Residence permits for EU and EEA citizens
EU and EEA citizens wanting to work and live in Malta will have to apply for the Ordinary Residence permit within 4 weeks prior to the arrival. Renting or purchasing a property in Malta in time will represent quite an advantage when the residence permit application is commenced. Here are some conditions for obtaining long-term residence in Malta:
- EU citizens must pay a fee of approximately EUR 125 for the permanent residence permit in Malta.
- Foreigners will have to take courses on Malta’s history. Also, they need to prove their English language skills.
- The permanent residence application must be made with the authorities in charge of registration citizens in Malta.
- Specific documents need to be translated into English before submission.
Hiring us for taking care of all the aspects related to the permanent residence permit in Malta is for sure a good choice and that because you won’t have to deal with the institutions involved. Our team of lawyers in Malta has experience in immigration services and related aspects, so you can direct your inquiries at any time.
Advantages of permanent residence in Malta
A tourist visa can easily transform into a temporary or permanent residence status, depending on the activities you want to develop in Malta. This means that a simple tourist visa for Malta will no longer be available if you relocate to Malta, the next step involving an application for a permanent residence permit in Malta. Also, there is no need to worry about the condition of staying in Malta for at least 6 months per year, in order to avoid losing the residence permit. It is good to know that having a permanent residence permit for Malta will ease the path for applying for Malta citizenship. All the aspects of applying and obtaining permanent residence in Malta can be explained by one of our immigration lawyers in Malta.
Why relocate to Malta?
Malta is a small insular state found in the Southern part of Europe, with approximately 450,000 citizens and home to numerous foreign companies and different investors. The stable economy, the good quality of life, the appealing business climate, well-developed education, and medical systems are also great advantages for people looking for good standards of living. The tourism sector, agriculture, the manufacturing sector, plus the trading field sustain the Maltese economy in a large percent, allowing foreign investors to develop their operations in this country and enjoy the profits. Here are some facts and figures about the economy and business direction of Malta:
- around USD 207,000 million represented the total FDI stock for Malta in 2018;
- 97% of the total FDI registered in Malta in 2018 was directed to the financial and services sector;
- the 2020 Doing Business report ranks Malta 88th out of 190 economies in the world;
- there are more than 31,000 companies with foreign shareholders in Malta.
If you are interested in obtaining permanent residence in Malta or if you would like to relocate to Malta, feel free to contact our experts. Legal advice and support can be offered by our immigration lawyers in Malta. We are at your disposal if you are interested in Malta citizenship by investment.