Permanent Residence Permit

A Maltese Permanent Residence Permit entitles residents to reside in Malta without any obligation to spend any amount of minimum time on the island. Furthermore no entry visas are required to travel to Malta and permanent residents have complete freedom of movement to travel in and out of the country at will.

When applying for a Permanent Residence Permit, candidates may include dependants, namely children under 18 years of age, the spouse, parents and grandparents maintained by the applicant.

Conditions for application:

• A prospective permanent resident must provide evidence that he/she is in possession of EUR 349,000, which need to be remitted to Malta, or instead must prove to be receiving an annual income of EUR 23,000.
• The prospective new resident will be required to emit to Malta at least EUR 13,950 per annum, plus EUR 2,330 per annum per dependent each year; purchase residential premises in Malta at a cost of not less than EUR 116,000 in the case of a house, or EUR 69,000 for a flat, or rent/lease the abode he lives in at not less than EUR 5,150 per annum; not engage in gainful occupation in Malta. Limited gainful activities in Malta may be authorised.
• Permanent resident holders are taxed at a flat rate of 15% on income remitted to Malta, subject to a minimum tax rate of EUR 4,150 per annum, after relief from double taxation.
• Certain exemptions from Customs Duty and VAT.
• Used household and personal effects, furniture and other domestic articles are imported free of duty within six months from the date of arrival in Malta. No import licenses are required.
• Repatriation of Capital and Income
• Any excess income brought to Malta, proceeds from sale of residence, encashments of investments and any income accumulated during resident’s stay may be repatriated, provided that any tax due has been settled.

Application Procedure

The application for a Permanent Residence Permit must be supported by thefollowing documents:

• evidence that applicant has an annual income of Eur23,000 or capital assets of Eur349,000 and that he is in a position to remit to Malta a minimum annual income of Eur13,950 plus Eur2,330 for each dependent. This evidence can take the form of a bank reference, bank statements or certificates of deposit or securities or income tax returns.
• a Police or Judicial Good Conduct Certificate, in respect of each adult (18 years and over) whose name appears on the said application, issued from the place of residence of the individual. This certificate should confirm that applicant/dependants has never had any convictions (save for minor traffic offences) and is not undergoing any criminal proceedings. If the certificate issued by the Authorities does not contain wording to this effect, the applicant is required to make a sworn declaration (affidavit) attesting same facts.
• a copy of the Marriage Certificate in the case of a married couple (where applicable)
• a copy of the Birth Certificate of applicant and dependants (where applicable)
• A written declaration by the applicant stating that parents and/or grandparents are financially dependent on the applicant (where applicable).
• 3 Passport-sized photos of applicant and each dependant;
• certified true copy of Passport of applicant and each dependant;
• brief curriculum vitae of applicant;
• tax identification number of applicant in country of current residence;
• if applicant has already acquired or rented property in Malta, a copy of the deed of purchase of property or of the lease / rental agreement should be submitted. If property has not yet been acquired, such deed of purchase of property or of the lease / rental agreement should be submitted to the Inland Revenue Department within 12 months of taking up residency in Malta.

For Relocation Services, including Managed Office Space, Real Estate Services and Residency Permits; kindly forward your query to relocation@csbgroup.com