EXCLUSIVE MESSAGE FROM JONATHAN CARDONA, CEO OF MALTA RESIDENCY AGENCY (MRA)
Malta Offers Diverse Residency Options for Families, Individuals, and Entrepreneurs in an Era of Expanding Global Mobility.
Malta’s Permanent Residence Programme: A win-win vision
Malta’s residency-by-investment programme was ideated as a way to attract foreign investment and add a sustainable channel via which to funnel this investment into the local economy. The value, of course, is two-way, as we offer third country nationals of good conduct and their families a chance to obtain second residency in a safe and stable jurisdiction that is ours.
The programme, now called the MPRP (Malta Permanent Residence Programme), has gone from strength to strength year-on-year. Indeed, last year we saw the heftiest increase in applications – a rise of 124% – reaching a total of 1759 applications until December 2023.
This accurately reflects what is happening in the global RBI eco-system as we see a surge in demand for second residency from families and individuals hailing from countries experiencing geo-political or economic instability and the desire to live a better life, with freedom of movement, access to good health institutions and educational opportunities for their children.
Malta gives new residents a chance to settle, live, work and raise a family in one of the safest countries in the world, boasting a Mediterranean lifestyle, top-notch educational institutions, reputable health care, business opportunities and a multi-cultural English-speaking society based on family values.
We strongly believe our success and our strength also lies in our reputation which we have built around stringent due diligence checks and processes that ensure only fit-and-proper persons of good conduct are granted Maltese residency.
Nomad Residence Permit
Malta had the foresight to launch the Nomad Residence Permit early on during Covid, when we saw a veritable increase in the popularity of remote working. Launching ahead of other European countries meant we garnered an edge in attracting quality digital nomads from various industries and from different countries outside the EU. Just last year Residency Malta saw an increase of 98.8% in applications submitted for the Nomad permit over the previous year. With an average salary of €73,000 annually, these nomads have significant spending power.
Today, three years later, Malta is an established, popular destination for remote workers who can keep their employment abroad while enjoying all that Malta offers – an English speaking society, a strong nomad community, excellent internet and wifi infrastructures, and an immersive experience into the fascinating history and heritage that Malta boasts.
As from April 1st this year, nomads can extend their stay for a maximum of four years, so for those who have fallen in love with Malta and are after more of a slowmad experience, this new feature will resonate. Also from April 1st, nomads have to now earn €42,000 gross annually to be eligible.
Malta Startup Residence Programme
This programme is the newest addition to the Agency’s portfolio of programmes and offers TCN entrepreneurs wishing to use Malta as a launchpad for their innovative startups a 3+5 year residency, and a 3+3 year residency for core employees. The residence is also offered to family members. Malta Enterprise is our esteemed partner in this venture and brings to the table strong acumen in assessing the proposed startup’s viability. But beyond this it offers new ventures support in terms of funding and the commitment towards a robust eco-system within which to work and thrive.
- Permanent residency from day one
- Up to four generations in included in one application,
- Visa-free travel across Schengen for 90 out of 180 days
- Competitive financial outlay.