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
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
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
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
Why take up residence
Maltese Immigration & Tax Law
120, Lower St Ursula Street,
Valletta VLT1236, Malta
Malta Citizenship by Investment & the
Global Residence Programme