Malta, a sun-soaked Mediterranean island, offers more than just picturesque landscapes and rich history. It’s become a sought-after destination for those seeking residency and a potential second passport within the European Union.
A Malta residence permit opens doors to living in the country for a year, with the option to extend indefinitely. It grants holders the right to study, work, and bring close family members to Malta. Perhaps most attractively, it allows visa-free travel throughout the Schengen Area.
For those willing to commit long-term, a Malta permanent residence permit is available. This lifelong status requires renewing the residence card every five years.
Ways to Obtain a Residence Permit in Malta
1. Malta residency for entrepreneurs and investors
Malta offers non-EU investors and entrepreneurs residence permits through the investment-based Malta Global Residence Programme. Under the residence permit, applicants can reunite with four generations of their close relatives in Malta. They must Pay an administration fee (€5,500–€6,000), rent a property in the country for between €8,750 and €9,600 a year, and remit a yearly income tax of at least €15k.
Investors can also apply for renewable permanent residency and a second passport through the Malta Permanent Residence Programme targets non-EU investors. Key requirements include:
Property investment: Purchase (€375,000+) or rent (€14,000 annually)
Government contribution: €37,000 (rental route) or varies by property type
Administration fee: €60,000
Donation to NGO: €2,000
Capital requirement: €500,000 (€150,000 in financial assets)
Even with a second passport and five years on the permanent residence permit, you are required to have a registered Maltese address.
2. Residence permit for family reunification
Close family members of Maltese citizens or current investor residents can apply for residency. This includes spouses, children, and in some cases, elderly parents.
3. Education or training-based residence permit
Students enrolled in Maltese educational institutions can obtain a one-year permit, renewable for the duration of their studies. This option doesn’t lead directly to a second passport with Malta.
4. Employment-based residence permit
Skilled professionals, especially in IT, finance, and pharmaceuticals, can secure residency through employment. The EU Blue Card scheme is available for highly qualified workers.
5. Residence permit to run a business in Malta
Entrepreneurs can obtain residency by establishing a business in Malta. The country’s favourable tax regime and strategic location make it an attractive option for company formation.
Take the next step towards Malta residency and second passport
Navigating the complexities of international residency and citizenship can be daunting. At International Wealth Ventures, our expert financial advisors specialise in guiding clients through these processes.
