March 25, 2024 | By Marketing | Melta PR, Residency by Investment | Optimize the Best Malta PR Program in the European Union Malta has increasingly become a favoured destination for foreigners, investors, and families. The country caters to the needs demanded by the global market due to its stable and robust economic environment, steady political environment, and strategic geographical positioning. The Malta Permanent Residency Program (MPRP) is an excellent program offered to business people, families, and more. Launched in 2016, the program has been a tool, providing a golden opportunity for foreigners to establish a long-term presence in Europe, unlocking numerous advantages in the process. The Malta PR program presents a flexible investment option via property and government contributions, leading to the residency in an instant turnaround of four to six months. The program is an excellent option for people looking to make this country their second home. If you are also considering residing in Malta as your second home country, you must read this blog. The blog will outline crucial information about the Malta permanent residency. In addition, we will give you an in-depth guide to obtaining Malta PR. Malta Permanent Residency Program – Overview The Malta Permanent Residency Program (MPRP) is a straightforward CBI program based on the investment in property or government contributions. The MPRP enables investors to obtain Malta Permanent Residency and live comfortably as a Maltese residence. The program is designated to demonstrate the attractiveness of this country, including safety, political and economic stability, and more. The Malta PR lets qualifying applicants obtain Maltese residency, provided an investment is made in the country. The MPRP gives you the right to settle and live permanently in this country. The program is available for non-EU citizens and their dependents. They can apply for Maltese permanent permits that allow visa-free travel in Schengen countries. Benefits of Permanent Residency in Malta The Malta permanent residency program lets you stay in this European Union country for the long term. Apart from this benefit, you can avail other benefits. The following is the list of the top benefits that you can get with MPRP: 1. No visa hassle No visa hassle is the primary benefit you can enjoy with the help of the Malta PR program. This PR will grant you the freedom to travel into the Schengen countries without a visa. This benefit means straightforward and more flexible travel to other European countries, making it convenient for business purposes and leisure. 2. Diverse investment opportunities By getting the Malta Permanent Residency, you can also have access to wider investment opportunities. The diverse economy and business-friendly environment of this country open up numerous investment opportunities for foreigners. Whether technology, tourism, real estate, or financial services, Malta offers various sectors to explore. 3. Access to world-class education The Malta PR will also provide access to top-notch education in this country. Malta is a hub for reputable international universities and schools. Foreigners with families and children can access world-class educational institutes. The easy access enhances their career and academic prospects. Requirements for Malta PR If you want to get the Malta Permanent Residency, you should meet a few requirements. The following is the list of necessary Malta residency requirements: – You have to be a third-country national. It means you have to hold a non-EU, EEA, or Swiss passport in your pocket. – You should not be from a sanctioned country. – You must possess capital assets of the least value of €500,000, with the minimum of €150,000 being financial resources. – You should have no or clean criminal record and pose no threat to national security – You should not gain any benefits under other applicable regulations and schemes; – You should receive stable and regular financial resources, sufficient to keep yourselves and your dependents, without recourse to the social assistance system of Malta. – You should get good health insurance coverage. If you meet all these requirements, you can move to the next section.  Documents Needed to apply for the MPRP There are a few documents that you must gather to obtain MPRP. Below is the list of documents to get this resident permit: – Your passport and ID card – Police certificates – Proof of business ownership and employment. – Residence permit – GDPR declaration – Statement of the source of funds plus wealth – Proof of residential address abroad – Birth certificate – Marriage or divorce certificates (if applicable) – Military Records – Medical certificate The list of these documents might be incomplete. The relevant authority might ask for a few other documents based on several factors. Malta Permanent Residence Programme Investment Options The Malta Permanent Residency Program (MPRP) has two investment programs for people who want to invest in or rent Malta property. The following is the list of available investment options for MPRP: 1. Purchase property Through property purchase, people can purchase a residential property in Malta. If you are located in the south of Malta or Gozo, the minimum investment amount is EUR 300000. However, the least amount of investment is EUR 350,000 in the remaining areas of the country. On top of the property purchase, you must also pay an application fee of EUR 68,000 and a donation of EUR 2,000 to an approved NGO in Malta. 2. Property lease You can also choose to rent a property as opposed to purchasing a property. The lease must be EUR 10000 yearly for a property located in the south of Malta or Gozo. In contrast, property in the rest of the country requires a minimum lease amount of EUR 12000 yearly. In addition, you must pay a EUR 98,000 application fee and donate EUR 2000 to an approved NGO. The application process for Malta PR There are a few steps that you must follow to apply for the Malta PR. Below is the list of steps for applying for Malta Permanent Residency: Initially, you should sign the Power of Attorney (POA). The agent will apply and give you the receipt. The Maltese government will conduct due diligence to ensure that only reputable people obtain residency. At this point, you should invest in purchasing or leasing a property for five years. Now the applicant and their family can enter Malta to submit their biometric data. After verifying the investment and getting biometric data, the Maltese government will issue the Malta PR card.  Why should you consult Flyingcolour Relocation Services? Malta Permanent Residency Program (MPRP) is the best residency program to obtain residency in a European Country. Flyingcolour Relocation Services can help you apply for the MPRP. In addition, our expert will ensure you get a residency card in Malta. To learn more about Malta Permanent Residency Program (MPRP), book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com. This article was published on 25-03-2024. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.