Residence Permit in Malta
The Malta Permanent Residence program was launched in 2015. In 2021, the rules were updated. The Malta Permanent Residence Programme Regulations, L.N. 121 of 2021, provide the new terms and conditions.
Only investors from countries outside the European Economic Community (EEC) can participate in the Malta Permanent Residence program. A spouse, children, parents and grandparents can get the status with the investor.
Applicants fulfill several investment conditions. They buy or rent real estate, pay government fees and make a donation. They also confirm that they have assets of at least €500,000, where €150,000 are liquid financial assets.
Malta permanent residence is granted for life. However, the permanent residence card must be renewed every five years, much less frequently than temporary residence permits.