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MALTA RESIDENCE

Conditions for the issue of a residence permit

Any foreigner, of whatever nationality, may submit an application for a permanent residence permit provided specific conditions are satisfied. This permit is issued on an indefinite basis.

A. Acquisition of Property

An applicant for permanent residency must own a residence purchased for not less than Lm50,000 in the case of a house or Lm30,000 in the case of an apartment. Alternatively, the applicant may opt to lease or rent a property of which the minimum rental is Lm1,800 per annum.

B. Annual Income Remitted to Malta

The minimum annual income to be brought into the country is Lm6,000 per applicant, with an additional Lm 1,000 for each dependent (spouse, children under 21 years of age and parents/grandparents wholly dependent on applicant).

C. Capital or Income Qualifications

Applicants must produce evidence of an annual income of Lm10,000 or over, or a capital equivalent to Lm150,000 or over. In either case, the whole amount is not required to be brought into the country, and the value of the property purchased locally is also taken into account as part of the capital requirement.

D. Employment/Engagement in Business

No employment or engagement in business may be undertaken by applicants for permanent residency unless authorised by the competent authorities. Interestingly, however, official Government policy welcomes the introduction of overseas expertise and ideas in the tourism, manufacturing and catering sectors and a number of interesting options are outlined elsewhere.

Tax & Other Benefits of Maltese Residence.
Why take up residence in Malta.

 

 

Information courtesy of

Specialists in Maltese Immigration & Tax Law

Palazzo Sant'Ursula,
120, Lower St Ursula Street, Valletta VLT1236, Malta

More about Malta Citizenship by Investment & the Global Residence Programme


 

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