Indian investors seeking secure and efficient pathways to EU access are increasingly opting for Malta’s Permanent Residence Permit instead of traditional golden visa programs. The MPRP offers numerous advantages, including lower investment requirements, straightforward eligibility, and long-term security for families.
Abhay Jaiswal, Investment Programs Expert at Immigrant Invest, explains why Malta’s program is emerging as a preferred choice for Indian investors among EU Golden Visas.
What is Malta Permanent Residence Permit?
Malta Permanent Residence programme grants non-EU nationals the right to live in Malta indefinitely. It does not impose residence or employment obligations, making it a flexible option for those seeking a foothold in Europe. While it does not lead to citizenship directly, it offers the stability of permanent residence in a politically and economically secure country.
Unlike golden visa programs, which often require higher investments and regular renewals, the MPRP is a Malta residency option for Indians, granting lifelong residence for the main applicant and their family. For Indian investors in Malta, this means gaining long-term stability in a politically and economically secure country without ongoing commitments.
11 Benefits of Malta Residence Permit for Indian Investors
1. Visa-free Schengen access. Maltese PR holders can travel across the Schengen Area without additional visas.
2. Family inclusivity. Dependents, including children and parents, can be included in the application.
3. Long-term stability. The permit is permanent, with no renewal hassles.
4. No residency requirement. Investors are not required to reside in Malta to maintain their status.
5. Tax efficiency. Malta provides no tax benefits, but has a favourable tax regime, including no worldwide income tax for non-domiciled residents.
6. Education opportunities. Access to Malta’s reputable educational institutions and proximity to top EU universities.
7. Safe environment. Malta is known for its low crime rates and high quality of life.
8. Business-friendly policies. The country supports entrepreneurship with a robust legal framework and low corporate taxes.
9. EU proximity. Malta’s location offers convenient access to major EU markets.
10. Real estate investment returns. The required real estate investment can yield steady rental income.
11. Straightforward process. The application process is transparent, with minimal bureaucratic hurdles.
Who is Eligible for Malta Permanent Residence Permit?
High-net-worth individuals. The MPRP targets financially secure non-EU nationals who can make the required investments.
Family members. Spouses, children under 29, parents and grandparents of the main applicant can be included.
Good character and health. Applicants must have a clean criminal record and no serious health issues.
Malta PR Costs and Requirements
To apply for the Malta MPRP, applicants must meet several key requirements:
- Rent real estate for at least €14,000 per annum or buy a property for at least €375,000 for a property situated in Malta or Gozo.
- Application administrative fee. Investors pay €15,000 as an initial payment and €35,000 at the final stage, regardless of whether they choose to buy or rent property.
- Government contribution. Investors must make a one-time, non-refundable contribution of €30,000 to the government if purchasing property, or €60,000 if renting.
- Donation to a non-governmental organisation. An additional donation of €2,000 is required to a local NGO. This donation contributes to social projects in Malta.
- Proof of funds. Applicants need to demonstrate assets worth at least €500,000, with €150,000 in liquid financial assets. This ensures that applicants have sufficient financial stability to support themselves and their families.
Applicants must provide evidence of their financial means to ensure they can support themselves and their dependents without becoming a burden on Malta’s social system. The following requirements apply:
Applicants must provide police clearance certificates from every country they have lived in for the past 10 years. This ensures that applicants pose no security or reputational risk to Malta.
Applicants and their dependents must have comprehensive health insurance coverage valid in Malta. The policy should cover medical expenses across the EU with a minimum coverage of €30,000 per person.
Applicants must not have any serious contagious diseases or conditions that could impose significant public health risks.
All applicants undergo a strict Due Diligence process. The Maltese Residency Agency assesses the applicant’s background, financial stability, and integrity. Only individuals meeting the highest standards of credibility are approved.
How to Obtain Malta Permanent Residence Permit
1. Pre-application preparation. Collect necessary documents, including proof of income, medical insurance, and criminal record certificates.
2. Submit the application. Work with a licensed agent to submit your application to Malta’s Residency Agency.
3. Due Diligence process. The Maltese government conducts background checks to ensure applicants meet eligibility criteria.
4. Complete investments. Once approved, make the required real estate investment and contributions.
5. Receive residence permit. After fulfilling all conditions, the residence cards will be issued for the main applicant and family members.
6. Renew family documents. Although the permit is permanent, ID cards for dependents may require periodic updates.
Conclusion
Malta’s Permanent Residence Permit is an attractive alternative to golden visas for Indian investors. Its affordability, family-friendly features, and long-term benefits make it a compelling choice. High-net-worth