10 UGLOBAL IMMIGRATION MAGAZINE
SEVEN STEPS TO PERMANENT RESIDENCY BY INVESTMENT IN MALTA – A STRAIGHTFORWARD GUIDE
BY KENNETH CAMILLERI
How global investors can go about starting a new life on the island of Malta
The recently launched Malta Permanent Residence Programme ( MPRP ), offers third-country nationals the opportunity to reside , settle or stay indefinitely in Malta by investing in the country .
The process of applying for and meeting the requirements of the MPRP can be broken into seven main steps . These key steps are required for the issuance of the permanent residence certificate for the investor and includes their financially dependent family members .
1 . POWER OF ATTORNEY
Applications for the MPRP must be submitted by a Licensed Agent duly registered with the responsible governing authority – the Malta Residency Agency . Licensed Agents must be empowered to act on behalf of the investor . Therefore , the first step in the process is for the applicant to grant Power of Attorney ( POA ) to the Licensed Agent by signing the POA document .