Since 2004, Malta is a member of the European Union and since 2007 is part of the Schengen area, in addition to this it is a part of the British Commonwealth.
The perfect combination of political and economic stability puts Malta on a par with major European countries. Economic growth was 5% in 2019; the country's credit rating is A with a positive outlook. The base currency is the Euro.
A warm Mediterranean climate, clean environment, a high level of safety and excellent infrastructure make Malta a great place to relax and live. And tax relief for residents give a significant advantage to business operations and capital allocation.
The Malta Permanent Residence Programme requires an Applicant to make a significant economic commitment to Malta. In exchange and subject to stringent vetting and due diligence procedures, including thorough background checks, the applicants and their family are granted permanent residency in Malta according to the Maltese Immigration Act (Cap. 217 of the Laws of Malta).
Under Licence AKM-DALL-21
With the Indefinite residence of Malta you will be able to travel around the Schengen area visa-free.
You and your family may permanently reside in Malta and have the opportunity at any time to travel throughout the EU without visas and permits.
Only after being tax resident you have to pay tax in Malta however capital gain tax arising outside Malta will remain non-taxable even if received in Malta.
As a permanent resident, you are not required to live continuously in Malta, you may travel as you like, without any physical stay requirements or confusing residency renewal procedures.
the main Applicant
husband / wife / civil partner
children up to 18 years without any restrictions (including the children from another marriage of each)
children over 18 years without any restrictions, if they are dependent on the Investor and are not married
parents* of the Investor and the parents of the husband / wife of the Investor
grandparents* of the investor and grandparents of the husband / wife of the Investor
* parents and grandparents have the right to participate in the program, if they are dependent on the Investor.
accelerated process of obtaining permanent residency
obtaining of the resident status by all family members at once, including parents and grandparents for a lifetime
minimum number of days to be spent in Malta is not specified
low cost of processing
government bond investment not required anymore
ability to travel in the Schengen-zone visa-free
application with a civil partner is also acceptable in Malta
Conditions of participation in the Malta Permanent Residence Programme are regulated by Legal Notice 121 of 2021
In case of a positive decision on granting the status of an Investor Resident in Malta in the first phase, and, if they meet the necessary criteria, the next steps are guaranteed by the state.