Pros and Cons of Malta’s Permanent Residence Program (MPRP)

Perhaps you’re already contemplating Maltese residency by investment, or maybe you’re a newcomer who simply wants to obtain reliable information. One thing is for sure; investing abroad and acquiring residency is a life decision — one that costs time, money, and effort. It’s undoubtedly a big step to take, and one that needs careful consideration. But on the flip side, residency by investment can be an immensely rewarding experience — one that safeguards your personal and financial freedoms, diversifies your assets, and enables you to upgrade your lifestyle and quality of life.

When it comes to Malta’s recently launched permanent residence program, it’s important to ask the right questions, including: is this program right for me? Do the benefits outweigh the disadvantages?

Let’s weigh in and unwrap the program so you can get a nuanced understanding of what this program can and can’t deliver upon.

What is the Malta Permanent Residence Program?
The Malta Permanent Residence Programme (MPRP) enables vetted applicants to settle and permanently live in Malta in exchange for a qualifying investment in property (buy or let), a direct government contribution, and charitable donation. Total investment costs typically range between €120,000 over five years if opting for the property rental route or €380,000 if opting for the property purchase route.

The program is open to all third country, non-EEA, and non-Swiss nationals with sufficient financial resources to sustain themselves throughout. It’s a given that the screening process is meticulous, ensuring only high-caliber applicants are accepted into the program.

Overall, the program is particularly advantageous for people looking to uproot their lives in a country with prime living standards, as well as take advantage of Malta’s dynamic property market. The bonus here is that residency can be passed on to family members as well, making it somewhat of a family favorite program among expats.

The pros:
- The only program in Europe to offer permanent residency immediately
- Relatively cost-effective investment options starting from €120,000
- A buoyant property investment market to tap into
- Visa-free travel in the Schengen region
- Up to four generations can be included in a single application (dependent parents and grandparents are eligible to apply)
- Children, regardless of age, can be included in the application, as long as they are unmarried and principally dependent on the main applicant.
- Keep investment for at least five years, but permanent residency is given for a lifetime
- Live in a safe and stable country with over 3,000 hours of sunshine per year
- Excellent quality of life and high living standards
- Fantastic schooling options, with English being one of the two official languages of Malta
- Quality healthcare and a myriad of other social benefits
- Country that gives significant importance to personal welfare and sustainable development

Verdict: Overall, Malta’s Permanent Residence Programme is advantageous for investors looking to settle down in an EU country with their families, and acquire visa-free travel access to the Schengen region. As a relatively affordable investment program, the MPRP is the only such program located in Europe that offers permanent residence from €120,000.

The cons:
- The program is only open to third-country nationals (non-EU, non-EEA, non-Swiss)
- Vigorous due diligence and vetting process with no guarantee of success
- The application must be done through an authorized registered agent
- Residence application is typically processed in 12 months+
- The majority of investments are non-refundable, with no option for gaining back in returns (this applies to the government contribution and charitable donation routes)
- No ‘tax benefits’ per say
- No viable option for citizenship (10–15 years until the applicant is eligible to submit a citizenship request)
- Visa-free travel access to the Schengen region has a limit of six months, on a rolling basis
- Extra admin fees on top of your investment to consider

Verdict: Ultimately, what the MPRP program isn’t, is a pathway to citizenship. Neither is it a program for individuals looking to evade the authorities. As a highly respected program, with a meticulous four-tier screening process, the MPRP is exclusively reserved for high-standing investors looking to enjoy a slice of Mediterranean paradise in exchange for a notable investment in Malta’s socio-economic development.

Final say
So is Malta’s Permanent Residence Programme worth it? Absolutely yes, if you’re looking to improve your current lifestyle or simply would like to make a solid property investment with the added option of permanent residence. However, at the end of the day, it’s a decision that ultimately only you can make.

How can Global Citizen Solutions help?
We’re Global Citizen Solutions, a boutique investment migration consultancy firm, offering second residency and citizenship by investment solutions for international families looking to enhance their freedoms, invest abroad, and/or relocate.

Individuals interested in applying for the MPRP program must do so through a registered approved agent. We are thrilled to say we’re approved agents, offering a bespoke end-to-end service to guide clients every step of their journey to securing Maltese residency.

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