MaltaAccounting and Audit
A. INTRODUCTION
Permanent residence permits are regulated by the so-called '1988 Residence Scheme'. Interestingly, notwithstanding the reference to 'permanence', such a permit does not impose permanent residence in Malta as a condition for the issue thereof. Indeed, Permanent Residence Permit holders may choose to reside in Malta for any length of time which is convenient, be it days or years, with the freedom to come and go as they please.
B. PERMIT CONDITIONS
Besides submitting a number of documents (e.g. birth certificate, police conduct certificate, etc.), an applicant is required to provide evidence of the fact that he has a capital (e.g. bank deposits, investments, immovables) of Lm150,000 (circa US$405,000) or an annual income of Lm10,000 (circa US$27,000). This capital does not have to be imported into Malta, unless the permit holder wishes to purchase a property.
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