In recent years, the socio-political landscape in Lebanon has been marked by significant instability. Economic downturns, political uncertainty, and security concerns have compelled many Lebanese nationals to seek alternative options for a stable and secure future. Among these alternatives, the Malta Permanent Residence Programme (MPRP) has emerged as the preferred European residence solution for a different number of reasons.
A Safe Haven in the Heart of the Mediterranean
Malta, a member of the European Union and the Schengen Area, is renowned for its political stability, robust economy, and high quality of life. The island nation provides a safe and secure environment, making it an attractive destination for those fleeing regions of turmoil. For Lebanese nationals, Malta’s PR Programme offers a permanent residence status in a country that is both geographically and culturally accessible.
A Maltese permanent residence application can include up to four generations applying together in one application. There is no age limit for unmarried, financially dependant kids to be included in the same application. The PR status becomes effective for all the family members immediately on application approval.
Economic and Financial Security
One of the primary benefits of Malta, is the economic stability it promises. Unlike Lebanon, which has faced severe financial crises and currency devaluation, Malta boasts a solid economy with a resilient banking sector. Permanent residents of Malta benefit from a favourable tax regime, including no wealth, inheritance, or property taxes, making it an appealing option for Lebanese investors and businesspeople looking to protect and grow their assets.
Access to the Schengen Zone
Obtaining permanent residence in Malta comes with the significant advantage of access to the Schengen Zone. Apart from the right to live in Malta indefinitely, under the MPRP Lebanese nationals can travel freely within the Schengen Zone with a maximum stay of 3 months in every 6 months. For businesspeople, this means enhanced commercial opportunities without having to secure a Schengen Visa for each trip.
A Streamlined Residency Process
The Malta Permanent Residence Programme is designed to be efficient and straightforward. Applicants must satisfy the following investment requirements:
- Pay a one-time application fee to the Government of €98,000 when renting a property or €68,000 if purchasing a property, and
- Rent a property in Malta for €10,000/€12,000 per year OR purchase a property for €300,000/€350,000 (depending on the location), and
- Pay a donation of €2,000 to a local registered philanthropic, cultural, sport, scientific, animal welfare or artistic NGO.
Furthermore, the main applicant needs to declare and provide evidence that s/he is in possession of assets having a value of not less than €500,000 out of which a minimum of €150,000 shall be in the form of financial assets.
All the family members included in the PR application need to pass the necessary background checks and be deemed as fit and proper to proceed with an MPRP application.
The investments mentioned above are only required after the approval of the MPRP application. This makes the process transparent and well-regulated, ensuring that applicants can achieve residency status without unnecessary complications or delays.
Quality of Life and Cultural Affinity
Malta offers a high standard of living with a blend of Mediterranean charm and modern amenities. The country is known for its excellent healthcare system, diverse educational institutions, and a rich cultural heritage. For Lebanese nationals, the cultural similarities, such as the Mediterranean lifestyle, cuisine, hospitality and language resemblances, make Malta a comfortable and familiar environment to consider.
Long-Term Stability and Peace of Mind
In a region where uncertainty is the norm, the ability to plan for the long term is invaluable. Malta’s Permanent Residence Programme provides Lebanese nationals with peace of mind, knowing they have a secure and safe place to call home. This stability and the lifetime permanent residency status, allows families to focus on building their futures, whether through education, business ventures, or simply enjoying a higher quality of life.
At the same time, the Maltese Permanent Residence Programme does not impose any annual physical stay in Malta. This makes it easier for families who might seek PR as a Plan B for their families.
Conclusion
As Lebanon continues to navigate its challenges, the Malta Permanent Residence Programme stands out as a viable and attractive solution for Lebanese nationals seeking a safe harbour. The combination of economic benefits, possibility to relocate to Malta, access to the Schengen Zone, and a high quality of life makes Malta an ideal destination. For many Lebanese families, the MPRP is more than just a residency programme; it is a gateway to a brighter, more stable future.
An application under The Malta Permanent Residence Programme (MPRP) may only be submitted via the services of a licensed agent. ACC is a licensed agent in Malta and can assist with MPRP applications. (AKM-ACCA)
